Jul 28
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Storage networking company Brocade Communications Systems Inc. last week agreed to acquire Foundry Networks Inc., a maker of enterprise LAN technology, for about $3 billion in cash and stock.
Foundry has 20 years history, a specialist in enterprise Ethernet LANs, have 1100 employees. The company didn’t disclose the number of staffs to lay off.
The acquisition purposed to merge the 2 companies power to fight with Cisco. Cisco has been the only company with both the vision and technology to create a FCoE unified fabric. Brocade, on the other hand, has had the FCoE vision but not the Ethernet goods. So after the acquisition completes, there will be 2 vendors in the market have the FCoE and Ethernet solution.