resource center
  See your link here
|
IDG News Service -
Storage network equipment maker Brocade Communications Systems Inc. has acquired Silverback Systems Inc. for its network acceleration processor technology.
Brocade did not say yesterday how much it paid for privately held Silverback, but said it was "not material," meaning it's not enough money to have to be reported to shareholders.
Brocade is a maker of products and services that connect storage-area networks together. Silverback specializes in processors that speed up the movement of data within a network using the iSCSI network protocol.
"Silverback’s technology and expertise in iSCSI environments will help us to deliver a new set of cost-effective products that broaden the Brocade product portfolio," said Dan Crain, chief technology officer at Brocade, in a prepared statement.
Brocade posted net income of $19 million, or 7 cents a share, on revenue of $750 million in fiscal year 2006, which ended Oct. 28, 2006.
This is the third acquisition for Brocade in the last 10 months. It acquired NuView Inc. in March of last year for an undisclosed price and announced plans in August to acquire McData Corp. for $713 million. The McData deal is still pending.
Brocade has been caught up in the stock options backdating scandal affecting more than 100 U.S. companies. Brocade's former CEO, Gregory Reyes, and two other former executives were charged with securities fraud in July 2006 in federal district court. They had been forced out of Brocade in 2005, and the company had to restate earnings, due to alleged accounting irregularities. Brocade is facing federal civil charges in connection with the case.
IDG.net
Data Protection is not an insurance policy -you cannot buy-back lost data
Find out why you need to maintain access to critical information to run your business and remain competitive.
Essential Archive Requirements for E-Discovery
Register Now!
Strategic ECM Webinar
Learn what new strategic business benefits can be realized through ECM!
CIO Strategies for the Retention and Deletion of Email
Register Now!
Rethinking Business Continuity and High Availability in Storage - HP and Forrester Pre-Recorded Webcast
Download it.
CIO Viewpoints: Exchange 2007 Risks and Mitigation Strategies
Download This Whitepaper Today!
5 Architecture Issues that Impact BES performance
Register to attend this LIVE Webinar to learn 5 Architecture Issues that Impact BES performance!
The Power/Density Paradox: The Result of High Density without Power Efficiency
Download this brief to explore what the power/density paradox is and how IT professionals can mitigate the risk.
Four Principles for Reducing Storage TCO
View cost reduction strategies in this video! Provided by Hitachi Data Systems.
Sign up to receive updates on the latest Storage resources
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDC
IDG
IDG Connect
IDG Knowledge Hub
IDG TechNetwork
IDG Ventures
IDG.net
InfoWorld
ITwhitepapers
ITworld
JavaWorld
LinuxWorld
Macworld
Network World
PC World
The Industry Standard
Copyright © 1994 - 2009 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission ofComputerworld Inc. is prohibited. Computerworld and Computerworld.com and the respective logos are trademarks of International Data Group Inc. |
