Extreme Networks has big plans for Brocade's data center networking business. There is only one problem - Extreme doesn't own the Brocade business, yet.
Extreme Networks first announced its intention to acquire Brocade's data center networking business on Mar. 29 in a deal valued at $55 million. The original deal was set to acquire the Brocade business from Broadcom which originally announced its intention to acquire Brocade in November 2016 for $5.9 billion.
Broadcom however does not want any of Brocade's IP networking assets, which is why it was selling them off. The challenge is that the Broadcom acquisition of Brocade still hasn't closed and Extreme is eager to move forward.
On Oct. 3 Extreme Networks announced that it is now going to acquire the data center networking business directly from Brocade, and not wait for the Broadcom deal to close. The direct deal with Brocade is set to close within 30 days.
"This is a very positive development for all stakeholders, but especially for customers, partners and employees of Brocade's data center networking business," Ed Meyercord, President and CEO of Extreme Networks, stated. "Given all of the work that has gone into our business integration planning and our proposed product roadmap, Extreme is now poised to bring this deal over the finish line."
The Brocade data center networking business will be the second acquisition made by Extreme this year. In July, Extreme closed its $100 million acquisition of Avaya's IP networking business unit.
Extreme has moved to quickly to integrate the Avaya assets into its portfolio announcing product integrations on Sept. 26.
Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.