Foundry Networks

Foundry shareholders OK merger with Brocade

Posted December 17, 2008 - 4:22 pm

Foundry Networks shareholders have approved a merger with Brocade Communications, overcoming what appears to be the last major hurdle in a deal that had been questioned as stock and credit markets plunged.
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Brocade gets loan to fund Foundry buyout

Posted October 7, 2008 - 8:39 pm

Brocade Communications Systems on Tuesday secured a $1.1 billion loan to fund its acquisition of Foundry Networks despite a tightening of credit markets amid the Wall Street meltdown.
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Brocade gearing up to fight 'Cisco fatigue'

Posted September 18, 2008 - 8:47 am

With its acquisition of Ethernet vendor Foundry Networks expected to close by year's end, Brocade is painting itself as the alternative to Cisco that IT administrators have been looking for.
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Brocade deal to help drive data-center transition

Posted July 23, 2008 - 8:54 am

Brocade Communications Systems' planned US$3 billion acquisition of Foundry Networks is a major strategic move in a brewing war over the future of data-center connectivity, industry analysts said Tuesday.
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Brocade to buy Foundry for $3 billion

Posted July 21, 2008 - 7:22 pm

Storage networking company Brocade Communications Systems has agreed to acquire enterprise LAN vendor Foundry Networks for approximately US$3 billion, the companies announced Monday.
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