Rich Stroffolino is flying solo this week on the Rundown! Talking HPE’s acquisition of Cape Networks, Foxconn buying Belkin, the state of the African tech startup scene, and announcements from NVIDIA GTC.
It’s the acquisition that seems like it’ll never close. Slowly but surely Broadcom is getting closer to officially buying Brocade. The latest hurdle was regulatory. Broadcom and the Federal Trade Commission finally came to an agreement that would allow the federal agency to allow the deal to go through. The agreement settles the issue of Broadcom supplying chips to, and now competing with, Cisco after the acquisition.
When Broadcom announced plans to acquire Brocade, it was contingent upon divestiture of the assets from Brocade’s recent acquisition of Ruckus Wireless. Arris’ name had been circling the rumor mill for a while as a possible suitor, so it’s not too surprising. I was a little interested to see the price. At $800 million, it seems like a pretty good deal for Arris.
In a move that could shake up the backup market down the road, StorageCraft announced the acquisition of the storage appliance company Exablox. Exablox is no stranger to Gestalt IT or Tech Field Day, and has been around for more than a little while. The combination of the two could make a compelling combined solution. The companies aren’t exactly strangers, they’ve had an OEM agreement in place since last October.
Of course, just after my Docker post, we get some interesting Docker news! It looks like Docker has acquired storage startup Infinit. If you’re never heard of Infinit, don’t worry, the name was new to me too. Looking at the announcement blog post, it’s clear the acquisition is aimed at clearing up one of Docker’s glaring deficiencies: storage.
It looks like Oracle’s announced acquisition of NetSuite may finally be going forward. Announced in July, but mired in shareholder conflict within NetSuite, the acquisition plan was in a bit of a holding pattern. With NetSuite’s largest shareholder being Oracle co-founder and executive chairman Larry Ellison, the acquisition agreement required a majority of the unaffiliated 40.8 million shares of stock to vote in favor of the deal, at a price of $109 a share.
By now, you’ve probably heard that Brocade was purchased by Broadcom (if you haven’t… I’m sorry to break it to you this way). But what you might not have heard is that Broadcom plans to sell off Brocade’s IP networking business. Drew Conry-Murray at Packet Pushers breaks down how this sale might go down. In […]
The 3Par acquisition is a slam dunk at under $2 billion. The company has great enterprise-grade SAN technology and a proven ability to sell into high-end accounts but lacked the revenue to go it alone. A major enterprise IT vendor like HP or Dell (not to mention Oracle, IBM, or even NetApp) will kick sales into high gear. But there’s an amazing short-term win to be had for whoever acquires 3Par!
Today marks the next step for Xiotech, with a new round of funding and a new CEO at the helm. Alan Atkinson founded WysDM, sold to EMC, and takes over Xiotech and its ISE hardware.