Monday, October 30, 2017

Extreme Networks Buys Brocade's Data Center Networking Biz

San Jose-based Extreme Networks says it has completed its acquisition of the data networking business of Brocade Communications Systems. The deal was worth $55M in cash, and had been announced in March. Extreme aid it expects the acquisition to be accretive to its cash flow and earnings, and said it expects it will generate over $230M in annualized revenue from the acquired assets.