Brocade Completes Acquisition of Foundry Networks



 







Brocade Completes Acquisition of Foundry Networks


SAN JOSE, Calif., Dec 19, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Brocade(R) (Nasdaq: BRCD) today announced that it has completed its acquisition of Foundry Networks, a performance and total solutions leader for network switching and routing for $16.50 per share in cash. The addition of Foundry's products and technologies enables Brocade to better address the needs of its customers and strengthens the company's position as a proven, high-performance networking leader.

"The close of the Foundry acquisition will significantly enhance our ability to deliver on our mission of connecting the world's most important information," said Mike Klayko, Brocade CEO. "Brocade will now be able to offer a comprehensive IP and data center networking solution portfolio capable of addressing emerging market technology trends while meeting the needs of the world's most demanding, data-intensive organizations."

Foundry was founded in 1996 and has approximately 1100 employees with operations in all major geographies. Foundry employees and the company's products and technologies will be integrated throughout Brocade according to function.

Qatalyst Partners advised Brocade on financial matters and Cooley Godward Kronish LLP was Brocade's legal advisor.

For more information about the Brocade acquisition of Foundry, please watch the video interview of Mike Klayko at www.youtube.com/watch?v=njmeDfrMZC8 . For more company information, visit www.brocade.com/extraordinary.


About Brocade

Brocade (Nasdaq: BRCD) develops the highest-performance, most cost- effective, and most reliable networking solutions that enable today's complex, data-intensive organizations to optimize information connectivity and maximize the business value of their data. For more information, visit www.brocade.com.

Brocade, the B-wing symbol, DCX, Fabric OS, File Lifecycle Manager, MyView, and StorageX are registered trademarks, and DCFM and SAN Health are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.

SOURCE Brocade

www.brocade.com/



Bookmark and Share 


________________________________________________________________________________________


Coming Soon! - IP Network Architect

Submit Press Releases to www.pr2web.com for free posting to this News Blog.


_________________________________________________________________________________________










_________________________________________________________________________________________

Back to Main Page


Gary E. Smith
Enterprise Network Architect
THE NETWORK ARCHITECT



IT RESOURCE NETWORK

 

THE CLOUD NETWORK | THE BPM NETWORK | THE SAAS NETWORK | THE SOA NETWORK | WEB 2.0 NETWORK

THE SOA NETWORK
SOA Governance | SOA Management | SOA Networking | SOA Security | SOA Identity | SOA Test

SOA Verticals
SOA Finance | SOA Government | SOA Healthcare | SOA Insurance
SOA Manufacturing | SOA Retail | SOA Telecom | SOA Utilities


 
Trackbacks
  • Trackbacks are closed for this post.
Comments
  • No comments exist for this post.
Leave a comment

Comments are closed.