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Brocade To Buy Privately Held Vyatta In An All-cash Transaction - Quick Facts

11/5/2012 8:13 AM ET

Brocade Communications Systems Inc. (BRCD: Quote) said it will acquire privately held Vyatta in an all-cash transaction. Vyatta is a networking industry innovator through its software-based network operating system that is highly relevant for multiple applications in network virtualization, software-defined networking and private/public cloud computing platforms. Brocade expects to close the acquisition by the end of the calendar year.

Following the close of the acquisition, Vyatta will be merged into Software Networking Business unit reporting into Ken Cheng.

Mike Klayko, chief executive officer of Brocade, said, "This acquisition complements our R&D investments in Ethernet fabrics and SDN, as well as our broad industry and solutions-level partnerships that enable Brocade to pursue new market opportunities in data center virtualization, public cloud, enterprise virtual private cloud, and managed services."

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by RTT Staff Writer

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