Extreme to acquire Brocade data centre switch business

Thursday 30 March 2017 | 08:46 CET | News
Broadcom is selling more assets as part of its merger with Brocade. The company agreed to sell Brocade's data centre switching, routing and analytics business to Extreme Networks for USD 55 million in cash. The payment consists of USD 35 million at closing and USD 20 million in deferred payments, as well as additional potential performance-based payments over the next five years. Extreme said the takeover will add over USD 230 million in annualized revenue, as well as adding to earnings and cash flow from 2018. The deal is expected to close within two months of Broadcom completing the

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Categories: Fixed
Companies: Avaya / Broadcom / Brocade / Extreme Networks
Countries: World
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