The Extreme team has worked closely with the Brocade and Broadcom teams and signed an asset purchase agreement to acquire the data center networking business directly from Brocade. While the seller has changed, Extreme will acquire the data center networking business from Brocade for substantially the same terms and conditions as our previous agreement with Broadcom.
This is a positive development for all stakeholders, our customers, partners, employees and suppliers alike. This approach allows Extreme to fold the data center networking business into our solution set independent of Broadcom’s proposed acquisition of Brocade. Our Extreme team will work very hard to close this transaction within the next 30 days.
Since our initial announcement of our intent to acquire the data center business in March of this year, the Brocade and Extreme teams have been working closely together to ensure a smooth transition when the acquisition ultimately closes. I look forward to entering the last phase of this transaction so that we can officially welcome the talent and technology from Brocade’s data center networking business to the Extreme family!
This acquisition will significantly strengthen Extreme’s position in the networking market and expand our state-of-the-art portfolio of data center, core, campus and edge networking solutions. At the conclusion of this transaction, we’ll be introducing The New Extreme – a top three player in the enterprise networking market and home of the industry’s most competitive networking solutions and services.
If you’re interested in learning more about Extreme’s pending acquisition of Brocade’s data center business, I invite you to check out today’s press release and our company acquisition and integrations page.
Thank you and best regards,
President & CEO