{"id":1194,"date":"2016-04-04T12:50:09","date_gmt":"2016-04-04T16:50:09","guid":{"rendered":"https:\/\/solutionsreview.com\/wireless-network\/?p=1194"},"modified":"2018-02-23T09:58:32","modified_gmt":"2018-02-23T14:58:32","slug":"brocade-buys-ruckus-wireless-for-1-2-billion","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/","title":{"rendered":"Brocade Buys Ruckus Wireless for $1.2 Billion"},"content":{"rendered":"<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1195\" data-permalink=\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/brocade-banner\/\" data-orig-file=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg\" data-orig-size=\"890,300\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Brocade Banner\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-300x101.jpg\" data-large-file=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg\" tabindex=\"0\" role=\"button\" class=\"alignnone size-full wp-image-1195\" src=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg\" alt=\"Brocade Banner\" width=\"890\" height=\"300\" srcset=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg 890w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-300x101.jpg 300w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-768x259.jpg 768w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-800x270.jpg 800w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-600x202.jpg 600w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-640x216.jpg 640w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-180x61.jpg 180w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner-400x135.jpg 400w\" sizes=\"(max-width: 890px) 100vw, 890px\" \/><\/p>\n<p style=\"text-align: justify\">Brocade has just announced that they have acquired Ruckus Wireless for $1.2 Billion. combined, Brocade and Ruckus are expected to be #1 in storage area networking,\u00a0#1 in service provider Wi-Fi, #2 in data center networking, #3\u00a0in enterprise wireless LAN, and #3 in enterprise edge networking in the U.S.\u00a0and EMEA.<\/p>\n<p style=\"text-align: justify\">The acquisition will complement Brocade&#8217;s enterprise networking portfolio, adding Ruckus&#8217; higher-growth, wireless products to Brocade&#8217;s market-leading networking solutions. It will also significantly strengthen Brocade&#8217;s strategic presence in the broader service provider space, with Ruckus&#8217; market-leading Wi-Fi position. Brocade expects the transaction to be accretive to its non-GAAP earnings by its first quarter of fiscal 2017. The Ruckus organization will be led by current Ruckus CEO, Selina Lo, and report directly to Brocade CEO, Lloyd Carney.<\/p>\n<p style=\"text-align: justify\">&#8220;This strategic combination will position us to expand our addressable market and technology leadership with Ruckus&#8217; fast-growing wireless LAN products, and supports our vision to deliver market-leading New IP solutions that enable the network to become a platform for innovation,&#8221; said Lloyd Carney, chief executive officer of Brocade. &#8220;History shows that focused, pure-play companies often innovate faster, are more agile, and deliver better value to their customers. With the rapidly evolving requirements of the digital transformation era, we are positioning ourselves to lead where technology is headed. We believe that combining our portfolios will provide significant benefits to our customers and will enable us to accelerate our growth and value creation.&#8221;<\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><div class=\"box box0\"><h4><a href=\"https:\/\/solutionsreview.com\/wireless-network\/free-80211ac-wireless-network-solutions-buyers-guide\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1183\" src=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/03\/wireless-guide-cover.png\" alt=\"wireless guide cover\" width=\"140\" height=\"179\" srcset=\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/03\/wireless-guide-cover.png 660w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/03\/wireless-guide-cover-234x300.png 234w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/03\/wireless-guide-cover-211x270.png 211w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/03\/wireless-guide-cover-63x81.png 63w, https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/03\/wireless-guide-cover-141x180.png 141w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><strong>For information on the top 802.11ac solutions,\u00a0check out our latest Buyer&#8217;s Guide:<\/strong><\/h4>\n<ul>\n<li>Easy, side-by-side comparison of the top 802.11ac wireless vendors<\/li>\n<li>Descriptions of each solution and their strengths<\/li>\n<li>Important questions to ask yourself and potential vendors when considering a solution<\/li>\n<li>Market overview of the current\u00a0802.11ac wireless space<\/li>\n<\/ul>\n<a href=\"https:\/\/solutionsreview.com\/wireless-network\/free-80211ac-wireless-network-solutions-buyers-guide\/\" class=\"ss-button aqua\" target=\"_blank\" rel=\"noopener\">Download Now<\/a><\/div>\n<\/div>\n\t\t<\/div><\/div><\/p>\n<p style=\"text-align: justify\">Under the terms of the agreement, Ruckus stockholders will receive $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Based on the closing price of Brocade&#8217;s stock on April 1, 2016, the transaction values Ruckus at a price of $14.43 per common share, or approximately $1.5 billion, and may fluctuate until close. Net of estimated cash acquired, the transaction value is approximately $1.2 billion.The cash portion of the purchase price will be funded through a combination of cash on hand and new bank term loan financing.<\/p>\n<p style=\"text-align: justify\">As companies move to digitize their business, they need an underlying network architecture that supports business agility. This New IP architecture enables the network to become a platform for innovation and for developing, delivering, and securing new applications. Wireless is a critical access technology and the combination of Brocade and Ruckus creates a new type of pure-play networking company, with solutions spanning from the heart of the data center to the wireless network edge. In addition, after close, the acquisition is expected to accelerate cross-selling activities into the respective companies&#8217; partner and customer bases, opening up new revenue opportunities for the combined company across a variety of verticals, including large enterprises, K-12 and higher education, government, hospitality, and service providers.<\/p>\n<p style=\"text-align: justify\">Further, the acquisition will strengthen Brocade&#8217;s ability to pursue emerging market opportunities around 5G mobile services, Internet of Things (IoT), Smart Cities, OpenG<sup>tm<\/sup> technology for in-building wireless, and LTE\/Wi-Fi convergence. Brocade and Ruckus believe that the integration of Wi-Fi and the use of shared access or lightly licensed spectrum are critical to meeting the ever-growing demand for coverage, capacity, and consistency required for next-generation mobile services. These elements are important in Brocade&#8217;s strategy to disrupt and enhance the way edge services are created and delivered.<\/p>\n<p style=\"text-align: justify\">The acquisition will be conducted by means of an exchange offer for all of the outstanding shares of Ruckus. The completion of the exchange offer is subject to customary conditions, including reviews by U.S. and international antitrust regulators and the tender of a majority of the outstanding shares of Ruckus&#8217; common stock. The companies expect the transaction, which has been approved by both companies&#8217; boards of directors, to close in Brocade&#8217;s third fiscal quarter of 2016.<\/p>\n<p style=\"text-align: justify\">See more from the <a href=\"https:\/\/www.wsj.com\/articles\/brocade-agrees-to-buy-ruckus-wireless-for-1-2-billion-1459777258\" target=\"_blank\">Wall Street Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brocade has just announced that they have acquired Ruckus Wireless for $1.2 Billion. combined, Brocade and Ruckus are expected to be #1 in storage area networking,\u00a0#1 in service provider Wi-Fi, #2 in data center networking, #3\u00a0in enterprise wireless LAN, and #3 in enterprise edge networking in the U.S.\u00a0and EMEA. The acquisition will complement Brocade&#8217;s enterprise [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":1195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[5,65],"tags":[99,20],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brocade Buys Ruckus Wireless for $1.2 Billion<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/\",\"url\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/\",\"name\":\"Brocade Buys Ruckus Wireless for $1.2 Billion\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg\",\"datePublished\":\"2016-04-04T16:50:09+00:00\",\"dateModified\":\"2018-02-23T14:58:32+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/wireless-network\/files\/2016\/04\/Brocade-Banner.jpg\",\"width\":890,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/brocade-buys-ruckus-wireless-for-1-2-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/wireless-network\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brocade Buys Ruckus Wireless for $1.2 Billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/wireless-network\/#website\",\"url\":\"https:\/\/solutionsreview.com\/wireless-network\/\",\"name\":\"Best 802.11ac Wireless Networks | WLAN Routers, Switches &amp; 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