Broadcom to acquire Brocade

Announcement From - Jeff Lindholm, SVP Worldwide Sales

This morning we announced a definitive agreement under which Broadcom will acquire Brocade. Broadcom believes the SAN business is a strong complement to its portfolio of enterprise storage and networking solutions. Due to competitive overlaps, Broadcom plans to divest the IP Networking business. Brocade’s intention is to assist Broadcom in finding a buyer that will continue to invest in the strong portfolio that Brocade created. Over the last several years, we have embarked on a journey together to build a new kind of networking company, rooted in our heritage of partnership and co-creation and aligned with the requirements of digital business. Partners remain key for our future success and we will continue to build on the foundations and momentum of our partnerships as together, we march towards our strategic vision to deliver open platforms for innovation. During this transition process, it is business as usual. Our primary objective is to make sure that our partners and customers will continue to benefit from our best-in-class data center, wireless and wired edge, and software infrastructure solutions without disruption. Once the deal is closed, we will provide additional information. In the meantime, Broadcom and Brocade are working together to plan for a smooth migration of processes and partner support so you can continue to effectively market, sell and service our solutions. Please access the FAQ document and the Press Release which will provide more details on today’s announcement and do not hesitate to contact your Brocade account manager if you have additional questions. Thank you for your continued partnership and support.