Deal follows $100 million bid for Avaya’s networking business Credit: Extreme Networks Extreme Networks continued to amass a nice nest of data center technology saying today it would buy Brocade’s data center networking business for $55 million in cash from its current owner Broadcom. Broadcom bought Brocade last year for about $5.5 billion but has since sold off Brocade’s Ruckus Wireless Wi-Fi business for $800 million to Arris International and now the data center networking business to Extreme. +More on Network World: When the Internet Engineering Task Force meets this week in Chicago it will have a new chair – Cisco Fellow Alissa Cooper + Extreme said it expects the deal to push its revenues to over $1 billion for its Fiscal 2018 year which begins July 1. Specifically, it expects the Brocade deal, pending approval, to generate more than $230M in revenue. Extreme also recently agreed to be a bidder for Avaya’s networking business which it expects will add $200M in revenue should Extreme win the bid. Some of Avaya’s technology strengths included its network fabric and Network Micro-Segmentation technology that helps customers secure enterprise components. The deals will make Extreme the fastest growing network business in the world, said Ed Meyercord, President and CEO of Extreme Networks. The company’s moves in the past year give it a complete data center, core, campus and edge network portfolio, Meyercord said. Specifically from Brocade, Extreme will get that company’s VDX, MLX and SLX switches and (UPDATE: Since the announcement Extreme has clarified which software will come from Brocade, including Flow Optimizer; Workflow Composer and automation suites from Brocade’s StackStorm acquisition (2016); Automation Suites; Envision network and analytics, Packet Brokers and NVA Virtual TAP (vTAP). It does not apparently include the Virtual Application Delivery Controller, Virtual Router and SDN Controller packages. Maybe F5? ) The buy would give Extreme a potent high-end data center offering, according to Norman Rice, an executive vice president with Extreme. More on Network World: IBM on the state of network security: Abysmal+ “Our portfolio now targets the data center in ways we couldn’t before. And we will retain the Brocade sales team and support to continue growing this business,” Rice stated. Extreme did not disclose how many Brocade employees would be coming along with the buy. This announcement is the latest in a series of acquisitions the company has made over the last six months to grow the vendor’s data center, core, campus and edge networking family. In October 2016, the company closed its acquisition of the wireless LAN business from Zebra Technology Corporation, which is expected to generate over $115 million in annualized revenue. Earlier in March, the company announced that it entered into an agreement with Avaya Inc. to be the stalking horse bidder to acquire its networking business in an auction process. The transaction remains subject to customary closing conditions and regulatory approvals and is currently anticipated to close within 2 to 3 months. Extreme said that he closing of the transaction is contingent on Broadcom closing its acquisition of Brocade, announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017. Related content news 2024 global network outage report and internet health check ThousandEyes tracks internet and cloud traffic and provides Network World with weekly updates on the performance of ISPs, cloud service providers, and UCaaS providers. By Ann Bednarz May 08, 2024 43 mins Internet Service Providers Network Management Software Cloud Computing news Google Cloud issue blamed for UniSuper week-long service disruption A misconfiguration during provisioning triggered a previously unknown software bug, causing the deletion of UniSuper’s Private Cloud. By Elizabeth Montalbano May 08, 2024 4 mins Cloud Computing Data Center news IBM Power server targets AI workloads at the edge The Power S1012 server can be deployed in edge computing sites so IT teams can run AI inferencing workloads at the point of data and cut back on data transfers. By Michael Cooney May 08, 2024 3 mins Edge Computing Servers Data Center news HPE Aruba looks to fight AI threats with AI weapons HPE Aruba Networking Central gains AI-powered security observability and monitoring features. By Michael Cooney May 07, 2024 4 mins IoT Security Network Security PODCASTS VIDEOS RESOURCES EVENTS NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe