Extreme Networks To Acquire Brocade’s Data Center Networking Business

[icecream-guy]

if you didn't hear....


Extreme Networks To Acquire Brocade's Data Center Networking Business

San Jose, CA and Singapore — March 29, 2017 – Extreme Networks, Inc. (NASDAQ: EXTR) and Broadcom Limited (NASDAQ: AVGO) today jointly announced that they have entered into an agreement for Extreme to acquire Brocade Communications Systems, Inc.'s data center switching, routing, and analytics business from Broadcom following Broadcom's acquisition of Brocade. Brocade's data center networking  business will be sold to Extreme for $55 million in cash, consisting of $35 million at closing and $20 million in deferred payments, as well as additional potential performance based payments to Broadcom, to be paid over a five-year term.


whole news release
http://newsroom.brocade.com/manual-releases/2017/Extreme-Networks-To-Acquire-Brocade%E2%80%99s-Data-Center

[LynK]

ewwwwwwwwwwwwww

[deanwebb]

Only $55 million in cash? So why didn't Cisco snap them up?

[LynK]

because they are trash, and the ONLY thing they do decent is their SAN switching.

[mlan]

So... Brocade "Campus Network" switches will not be going to Extreme Networks?  This is confusing.

Side topic, any real world feedback on their campus/access switching?

[wintermute000]

Last I checked.They were decent and great bang for the buck. Not sure why you think they're trash. Like HP, half the price and does generally what you need. But that was 4 years ago dunno now

[NetworkGroover]

They're not bad bang for the buck as you said... but I'd put them toward the lower end of the switching market.  And who knows what's going to happen with them now...