Enterasys products included networking equipment ranging from routers, switches, and IEEE 802.11 wireless access points and controllers.

Enterasys had their initial public offering on August 6, 2001, with its shares trading on the New York Stock Exchange under symbol ETS.

[citation needed] An investigation by the US Securities and Exchange Commission and shareholder lawsuits was settled in October 2003 for $50.4 million.

As part of the $550 million transaction, Gores Group offered two of its assets: Enterasys and SER Solutions, a Virginia-based contacts management provider.

[9] Mark Stone, chairman of the board, was named interim CEO and completed the joint venture transaction.