Extreme swallows Brocade’s data center networking business for $55M

Extreme Networks continued to amass a nice nest of data center technology saying today it would buy Brocade’s data center networking business will be sold to Extreme 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.

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Source: http://www.cio.com

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