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Ciena will acquire AT&T’s Vyatta virtual routing and switching technology. In addition, Ciena has agreed to support the Vyatta routing platform in AT&T’s wireless network across multiple 5G use cases, enterprise business services and virtual networks with cloud scalability. Financial terms were not disclosed. Ciena said the acquisition reflects its continued investment in its Routing […]
Extreme Networks agreed to acquire Aerohive Networks (NYSE: HIVE) at a price of $4.45 per share in cash, representing an enterprise value of $210 million. Aerohive, which is based in Milpitas, California, supplies cloud and enterprise Wi-Fi solutions and was among the first companies to offer controller-less Wi-Fi and cloud network management, including cloud-managed Wi-Fi […]
CommScope agreed to acquire ARRIS International (NASDAQ: ARRS) in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4 billion, including the repayment of debt. In addition, The Carlyle Group, a global alternative asset manager, has reestablished an ownership position in CommScope through a $1 billion minority equity investment as […]
ARRIS completed its previously-announced acquisition of the Ruckus Wireless and ICX Switch business from Broadcom. When the deal was first announced in February 2017 the announced price was $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom’s acquisition of Brocade. Ruckus Networks will operate as a […]
Broadcom completed its acquisition of Brocade Communications Systems. Brocade will operate as an indirect subsidiary of Broadcom and will be led by Jack Rondoni as General Manager. Previously, Rondoni served as Senior Vice President of Storage Networking at Brocade, having joined the company in 2006. “We are pleased to complete this transaction, which strengthens Broadcom’s […]
Broadcom’s pending acquisition of Brocade is facing a regulatory delay. The companies withdrew and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (CFIUS), triggering a new 45-day investigation period. Brocade and Broadcom now anticipate the acquisition to be completed by November 30, 2017, subject to clearance from CFIUS. […]
Mavenir Systems, a supplier of technology enabling network transformations for communication service providers, announced that it has acquired assets associated with the virtual evolved packet core (vEPC) product family from Brocade Communications Systems on undisclosed terms. The acquisition extends Mavenir’s position in network transformation and enhances its next-generation core network offering with a feature-rich, virtualised […]
AT&T agreed to acquire Vyatta® network operating system and associated assets of Brocade Communications Systems. Financial terms were not disclosed. The deal is contingent on the completion of Broadcom’s acquisition of Brocade. The Vyatta network operating system, including its virtual network functions (VNFs) and distributed services platform, software under development as part of its unreleased […]
ARRIS agreed to acquire Brocade Communication Systems’ Ruckus Wireless and ICX Switch business for $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom’s acquisition of Brocade. ARRIS expects the acquisition to be accretive to its Non-GAAP earnings per share in the first 12 months. The deal […]
Ruckus Wireless reported Q1 revenues $100.6 million, an increase of 22.5% from the first quarter of 2015. Non-GAAP net income was $12.2 million for the first quarter of 2016, compared with non-GAAP net income of $6.5 million for the first quarter of 2015. Non-GAAP operating income was $12.4 million for the first quarter of 2016, […]
Cisco Teams with IBM on VersaStack Data Center Solution Thursday, December 04, 2014 Alliances, Cisco, Data Centers, IBM No comments Cisco and IBM are teaming up to offer an integrated data center solution that combines Cisco UCS Integrated Infrastructure with the IBM Storwize storage system. The new VersaStack solution, which will be sold through business partners, is aimed at cloud, […]
