Brocade has finally cast IP strategy with Foundry acquisition

Brocade has finally cast IP strategy with Foundry acquisition

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Brocade has announced the completion of its acquisition of Foundry Networks. Foundry adds their BigIron switches and ServerIron load balancers to Brocade’s existing SAN equipment.

This has been a bit of a fraught acquisition, as they recently announced (November 7, 2008) the signing of an amendment to the original agreement between the two organisations. Foundry stockholders will get $16.50/share now the deal has closed, as announced in October to reduce the acquisition price to $2.6bn. It would appear that the $1.1bn loan Brocade sourced to support the deal wasn’t quite enough to cover the original asking price of $3bn.

Brocade’s Press Release on completing the acquisition of Foundry is available.

John Dixon

John Dixon is the Principal Consultant of thirteen-ten nanometre networks Ltd, based in Wiltshire, United Kingdom. He has a wide range of experience, (including, but not limited to) operating, designing and optimizing systems and networks for customers from global to domestic in scale. He has worked with many international brands to implement both data centres and wide-area networks across a range of industries. He is currently supporting a major SD-WAN vendor on the implementation of an environment supporting a major global fast-food chain.

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