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Abstract
Extreme, along with its subsidiaries Derwent Systems and Forward Vision, is a leading provider of surveillance solutions incorporating advanced imaging technologies used in extreme environments. "Since its inception, Extreme has worked vigorously to develop a world-class portfolio of products, build a globally recognized brand and achieve sustainable revenue and earnings growth," said Jack Gin, President and CEO of Extreme. "Merging with an industry leader such as Bosch represents an exciting opportunity for Extreme to accelerate our product development and growth initiatives by capitalizing upon Bosch's focus on research and development, utilizing its highly sophisticated manufacturing capabilities and integrating our product lines into its global sales channels. We believe this transaction is an excellent value proposition for our shareholders and this momentous event lays the foundation of a new era for Extreme and its subsidiaries. We fully anticipate that this business combination will result in an even brighter future for our employees and customers," continued Gin.