March 30, 2017

Extreme Networks acquires Brocade’s data center networking business

Brocade’s data center networking business will be sold to Extreme for USD 55 million in cash

This week, Extreme Networks and Broadcom Limited jointly announced that they have entered into an agreement for Extreme to acquire Brocade Communications Systems’ data center switching, routing, and analytics business from Broadcom. This acquisition follows Broadcom’s acquisition of Brocade.

Brocade’s data center networking business will be sold to Extreme for USD 55 million in cash. Extreme says that it expects to generate over USD 230 million in annualized revenue from the acquired assets.

Ed Meyercord, President and CEO of Extreme Networks said:

The addition of Brocade’s data center networking business significantly strengthens our position in the expanding high-end data center market and reinforces our strategy of delivering software-driven networking solutions focused on enterprise customers.

As Extreme is the only pure-play end-to-end, wired and wireless enterprise IP networking company in the world, we believe Brocade’s data center customers will benefit from our dedication to delivering high-quality, software-driven, secure networking solutions and the industry’s highest rated customer support.

The acquisition is expected to close within 60 days following the closing of Broadcom’s acquisition of Brocade.

Lloyd Carney, CEO of Brocade said:

Extreme is highly complementary to our data center switching, routing, and analytics business on many levels, and represents a positive outcome for our customers, partners, and employees.

Our two companies have similar strategic visions and believe that innovation will increasingly be driven through software capabilities that allow customers to successfully transform their networks for digital business.

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