SOURCE: Brocade


March 04, 2015 08:00 ET

Brocade Completes the Acquisition of the SteelApp Business From Riverbed Technology

SAN JOSE, CA--(Marketwired - Mar 4, 2015) - Brocade (NASDAQ: BRCD) today announced that it has completed its acquisition of the assets of the SteelApp business unit from Riverbed Technology (NASDAQ: RVBD). The addition of the SteelApp product line strengthens Brocade's software networking portfolio for New IP data center deployments. 

"Brocade is committed to open and emerging New IP technologies," said Kelly Herrell, SVP, Software Networking, Brocade. "SteelApp's virtual ADCs significantly enhance our open Vyatta Platform offering for NFV and SDN, which plays a major role in transforming traditional network infrastructure for enterprise, cloud and telco customers through the power of virtualization."

SteelApp is one of the top virtual ADCs providing scalable, secure, and elastic delivery of enterprise, cloud, and e-commerce applications. The SteelApp product line controls traffic to and from applications and enables fast, reliable, and secure application delivery to users anywhere from the cloud or data center.

SteelApp and SteelApp Firewall development and field personnel will join Brocade after closing.

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About Brocade
Brocade (NASDAQ: BRCD) networking solutions help the world's leading organizations transition smoothly to a world where applications and information reside anywhere. (

Forward Looking Statements
This press release contains statements that are forward-looking in nature, including statements regarding Brocade's anticipated strategy and future networking solutions. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties which may cause actual results to differ significantly. The risks include, but are not limited to, the ability to successfully integrate the newly acquired operations with Brocade's existing operations, changes in IT spending levels in one or more of our target markets including the telecommunications sector, Brocade's ability to capitalize on new Brocade sales and marketing initiatives, Brocade's ability to continue to successfully innovate new products and services on a timely basis and achieve widespread market acceptance, and the effect of increasing market competition and changes in the industry. Certain of these and other risks are set forth in more detail in "Item 1A. Risk Factors" in Brocade's Annual Report on Form 10-K for the fiscal year ended November 1, 2014, filed on December 19, 2014. Brocade does not assume any obligation to update or revise any such forward-looking statements after the date of this release.

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