īroadcom announced the acquisition of Brocade in Nov 2016, and it completed the acquisition in Nov 2017 for $5.5 billion. This follows the sales of other divisions designed to allow the Broadcom acquisition to proceed, including Ruckus Wireless, Connectem (vEPC), Virtual ADC, Vyatta & vRouter, and Brocade's data center networking business. On August 8, 2017, Brocade announced that its SDN technology had been spun off as a new company called Lumina Networks. As part of the announcement, Broadcom said they would sell Brocade's networking business to avoid competing with its top customers such as Cisco Systems. On November 2, 2016, Singapore-based chip maker Broadcom Limited announced they were buying Brocade for $5.5 billion. On January 14, 2013, Brocade named Lloyd Carney as new chief executive. A second generation of switches was announced in 1999. Brocade stock traded in the National Market System of the NASDAQ GS stock market under the ticker symbol BRCD.
The top three underwriters (based on number of shares) for Brocade's IPO were, in order, Morgan Stanley Dean Witter, BT Alex.Brown, and Dain Rauscher Wessels. On initial public offering (IPO), the company offered 3,250,000 shares, with an additional 487,500 shares offered to the underwriters to cover over-allotments. On May 25, 1999, the company went public at a split-adjusted price of $4.75. The company's first product, SilkWorm, which was a Fibre Channel switch, was released in early 1997. Brocade was incorporated on May 14, 1998, in Delaware. Neiman became the first CEO of the company.
Bonderson (a former executive from Intel Corporation and Sun).
#Brocade communications professional
Historyīrocade was founded in August 1995, by Seth Neiman (a venture capitalist, a former executive from Sun Microsystems and a professional auto racer), Kumar Malavalli (a co-author of the Fibre Channel specification) and Paul R. Broadcom has since redomesticated to the United States and is now known as Broadcom Inc. As part of the acquisition, Broadcom divested all of the IP networking hardware and software-defined networking assets. On November 2, 2016, Singapore-based chip maker Broadcom Limited announced it was buying Brocade for about $5.5 billion.
#Brocade communications software
Offerings included routers and network switches for data center, campus and carrier environments, IP storage network fabrics Network Functions Virtualization (NFV) and software-defined networking (SDN) markets such as a commercial edition of the OpenDaylight Project controller and network management software that spans physical and virtual devices. Prior to the acquisition, the company expanded into adjacent markets including a wide range of IP/ Ethernet hardware and software products. The company is known for its Fibre Channel storage networking products and technology. Fibre Channel directors and switches SAN extension embedded blade server switches optical transceivers SAN management software īrocade is an American technology company specializing in storage networking products, now a subsidiary of Broadcom Inc.