Brocade's Other IP Assets Find a Home
The routers and switches that Broadcom wants to divest are headed for the rejuvenated Extreme Networks.
Extreme Networks Inc. (Nasdaq: EXTR) announced Wednesday afternoon that it's offering $55 million cash for the Brocade Communications Systems Inc. (Nasdaq: BRCD) networking business -- now being called the data center networking business, to emphasize where Extreme's aspirations lie.
The deal is a consequence of Broadcom Corp. (Nasdaq: BRCM)'s pending acquisition of Brocade. To avoid competing with customers, Broadcom can't hang onto Brocade's IP networking business, so it's sold that business in pieces -- first Ruckus Wireless Inc. , to Arris Group Inc. (Nasdaq: ARRS), and now the switches, routers and analytics, to Extreme. (See Broadcom Buys Brocade for $5.9B, Will Ditch Ruckus & IP Biz and Arris Bags Ruckus Assets in $800M Deal.)
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— Craig Matsumoto, Editor-in-Chief, Light Reading