NEW YORK,/PRNewswire/ -- Major League Baseball today announced details of a new partnership with Mitel, a global leader in business communications, to power the league's communications tools and connections across the 30 MLB ballparks.
A winning combination -- Mitel and MLB team up to power the league's communications tools and connections across the 30 MLB ballparks
DECEMBER 4TH, 2017
ARRIS Completes Acquisition of Ruckus Wireless and ICX Switch Business
Combination poised for next stage of growth in networking
SUWANEE, Ga., Dec. 1, 2017 /PRNewswire/ -- ARRIS International plc (NASDAQ: ARRS) has completed its acquisition of the Ruckus Wireless® and ICX® Switch business from Broadcom Limited (NASDAQ: AVGO). With this acquisition, ARRIS® builds on a leadership position in networking and entertainment for service providers while expanding into new enterprise and vertical markets.
The deal strategically positions ARRIS for a new phase of growth by leveraging the companies' combined technology assets to enable next-generation wireless and wired networks. The Ruckus target vertical markets span hospitality, education, government, service providers, multi-dwelling / tenant units, sports / entertainment venues, and transportation centers. Additionally, Ruckus' trailblazing leadership in the small-cell CBRS LTE market represents an opportunity to deploy converged Wi-Fi and LTE using common cloud-based control and management capabilities.
Dan Rabinovitsj—previously COO of Ruckus Wireless—will lead a new ARRIS Enterprise Networks business segment. Ruckus Networks, an ARRIS company, will operate as a dedicated business under Enterprise Networks. The business will focus on the delivery of innovative, high-performance wireless and wired network infrastructure, with a robust channel-led sales strategy.
"This combination underscores our shared vision of achieving market leadership across wireless and wired networks in close partnership with our valued customers and channel partners," said Dan Rabinovitsj, President of ARRIS Enterprise Networks. "We're very excited about the collaboration opportunities across our product portfolios to enable connectivity from the office to the home and to all the places in between. Joining ARRIS means we still do what Ruckus does best, but on a larger, global scale. I'm excited to lead the Ruckus Networks team into our next stage of growth and innovation."
"I'm proud to welcome the 1,700 talented Ruckus Wireless and ICX Switch Business employees into the ARRIS family," said Bruce McClelland, ARRIS CEO. "It's an important milestone, not only for ARRIS but for our industries. Ruckus' unmatched expertise in wireless and wired networking perfectly complements our growth strategy of driving towards a constantly connected, mobile future. The acquisition brings diversification to our portfolio, building on our strength in networking and helping us to serve new verticals. Ultimately, our combined portfolios and scale will help our customers and partners deliver a smart, simple connected world for billions of people."
ARRIS management will conduct a conference call at 8:00 am ET, Thursday, December 14, 2017, to provide an update on Ruckus Networks. You may participate in this conference call by dialing 888.655.5028 or +1.503.343.6025 for international calls prior to the start of the call. Live internet access to the call will be available through the following link. A replay can be accessed approximately two hours after the call through December 21, 2017, by dialing 855.859.2056 or +1.404.537.3406 for international calls and using the passcode 6288025. A replay also will be made available for a period of 12 months following the conference call on the ARRIS web site.
For the latest ARRIS news:
In addition to the factors set forth elsewhere in this release, other factors that could cause results to differ from current expectations include: the impact of rapidly changing technologies; market trends and the adoption of industry standards. These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect the Company's business and results from operations. Additional information regarding these and other factors can be found in the Company's reports filed with the Securities and Exchange Commission, including its Form 10-Q for the quarter ended September 30, 2017. In providing forward-looking statements, the Company expressly disclaims any obligation to update these statements publicly or otherwise, whether as a result of new information, future events or otherwise, except as required by law.
ARRIS, the ARRIS Logo, Ruckus Wireless, ICX and the Ruckus Logo are trademarks or registered trademarks of ARRIS International plc or its Affiliates. All other trademarks are the property of their respective owners.
© 2017 ARRIS Enterprises LLC. All rights reserved.
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SOURCE ARRIS International plc
Bob Puccini, Investor Relations, +1.720.895.7787, Bob.Puccini@arris.com, or Jeanne Russo, Media and Industry Analysts, +1.215.323.1880, firstname.lastname@example.org
OCTOBER 30TH, 2017
SAN JOSE, Calif., Oct. 30, 2017 /PRNewswire/ -- Extreme Networks, Inc. (NASDAQ: EXTR) today announced that it has completed its acquisition of Brocade Communications Systems, Inc.'s (NASDAQ: BRCD) data center switching, routing and analytics business. Brocade's portfolio provides Extreme with an industry leading data center solution used by enterprises and service providers, supports the company's growth strategy to lead the networking industry from the data center to the wireless edge, and secures Extreme's position as a top player in the enterprise networking market. This is the third in a series of acquisitions announced by Extreme in the last year, including its acquisition of Zebra Technologies' WLAN business and Avaya's networking business.
"This is an exciting day for Extreme as we have now significantly strengthened our position in the expanding high-end data center market with the industry leading solution for enterprise customers," said Ed Meyercord, President and CEO of Extreme Networks. "Through a series of synergistic acquisitions, Extreme is now a top player in the enterprise networking industry and expects to generate over $1 billion in annual revenues. Today's announcement is not only a significant milestone for our growth strategy, but it also allows us to assist more customers around the globe with end-to-end software-driven solutions to drive their digital transformation initiatives."
With the close of this acquisition, Extreme acquires customer relationships, personnel and technology assets from Brocade including the SLX, VDX, MLX, CES, CER, Workflow Composer, Automation Suites, and certain other data center related products. The acquisition enhances Extreme's data center solutions used by enterprises and service providers across industries such as education, hospitality, healthcare, retail, transportation and logistics, manufacturing and government.
"Our strategic vision has been closely aligned with Extreme Networks' vision throughout this process," said Nabil Bukhari, Vice President, Data Center, formerly of Brocade and now with Extreme Networks. "Extreme's commitment to build on the innovation and momentum that we have achieved, including a completely refreshed data center portfolio over the past year, will provide our new and existing customers and partners with business continuity that enables them to accelerate digital transformation. Extreme and Brocade are excited to work closely together through the integration process to ensure a smooth transition and our world-class data center team is excited to have joined the Extreme family."
Extreme continues to anticipate the transaction will be accretive to cash flow and earnings for its fiscal year 2018, which began on July 1, and expects to generate over $230 million in annualized revenue from the acquired assets.
About Extreme Networks
Extreme Networks, Inc. (EXTR) delivers software-driven networking solutions that help IT departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. Wired to wireless, desktop to data center, on premise or through the cloud, we go to extreme measures for our customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world's leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare and manufacturing. Founded in 1996, Extreme is headquartered in San Jose, California. For more information, visit Extreme's website or call 1-888-257-3000.
Extreme Networks and the Extreme Networks logo are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries. Other trademarks are the property of their respective owners.
Forward Looking Statements
Except for the historical information contained herein, the statements in this release, including those concerning Extreme's acquisition of the Brocade assets, its business outlook, future financial and operating results, including Extreme's expectations for projected annual revenues, annualized revenue from the acquired assets and the transaction's accretive value, and Extreme's overall future prospects are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date of this release. Actual results or events could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: our ability to successfully integrate the Brocade networking business into the current Extreme business; failure to achieve targeted revenues and forecasted demand from end customers; a highly competitive business environment for network switching equipment; the possibility that we might experience delays in the development or introduction of new technology and products; customer response to our new technology and products; and a dependency on third parties for certain components and for the manufacturing of our products.
More information about potential factors that could affect Extreme's business and financial results is included in Extreme's filings with the U.S. Securities and Exchange Commission, including, without limitation, under the captions: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors." Except as required under the U.S. federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission, Extreme Networks disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.
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SOURCE Extreme Networks, Inc.
News Provided by Acquire Media
OCTOBER 3RD, 2017
Greetings customers, partners, suppliers and stakeholders,
Good news! We have exciting news regarding our pending acquisition of Brocade’s Switching, Routing and Analytics (SRA) data center networking business. The Extreme team has worked closely with the Brocade and Broadcom teams and signed an asset purchase agreement to acquire the data center networking business directly from Brocade. While the seller has changed, Extreme will acquire the data center networking business from Brocade for substantially the same terms and conditions as our previous agreement with Broadcom.
This is a positive development for all stakeholders, our customers, partners, employees and suppliers alike. This approach allows Extreme to fold the data center networking business into our solution set independent of Broadcom’s proposed acquisition of Brocade. Our Extreme team will work very hard to close this transaction within the next 30 days.
Since our initial announcement of our intent to acquire the data center business in March of this year, the Brocade and Extreme teams have been working closely together to ensure a smooth transition when the acquisition ultimately closes. I look forward to entering the last phase of this transaction so that we can officially welcome the talent and technology from Brocade’s data center networking business to the Extreme family!
This acquisition will significantly strengthen Extreme’s position in the networking market and expand our state-of-the-art portfolio of data center, core, campus and edge networking solutions. At the conclusion of this transaction, we’ll be introducing The New Extreme – a top three player in the enterprise networking market and home of the industry’s most competitive networking solutions and services.
If you’re interested in learning more about Extreme’s pending acquisition of Brocade’s data center business, I invite you to check out today’s press release and our company acquisition and integrations page.
Thank you and best regards,
Source: direct email
AUGUST 29TH, 2017
WESTERN DIGITAL ENTERS INTO AGREEMENT TO ACQUIRE TEGILE SYSTEMS TO ACCELERATE ENTERPRISE DATA CENTER SYSTEMS STRATEGY, BROADEN PRODUCT PORTFOLIO AND EXPAND CUSTOMER FOOTPRINT
San Jose and Newark, Ca - August 29, 2017
Combination Brings Compelling Performance and Economics to the Enterprise Data Center; Provides Full Spectrum of Solutions for Big Data and Fast Data
Western Digital Corp. (NASDAQ: WDC) and Tegile Systems ("Tegile") announced today that they have entered into a definitive agreement under which Tegile, a leading provider of flash and persistent-memory storage solutions for enterprise data center applications, will be acquired by Western Digital. Financial terms of the transaction were not disclosed. The acquisition is expected to close the week of Sept. 4, 2017, upon satisfaction of certain closing conditions as set forth in the definitive agreement between the parties.
Tegile has been at the forefront of the flash storage revolution since 2012. With its award winning IntelliFlash™ architecture, Tegile has pioneered a comprehensive storage platform that delivers storage at the speed of flash memory. Tegile will bring to Western Digital over 1,700 new customers, an innovative product portfolio, and a deeply experienced team with a proven ability to deliver value to customers.
In today's enterprise and cloud-scale data centers, there is growing demand to deploy scalable storage architectures that deliver reliable persistence with high performance and optimal economics for an expanding range of big data and fast data applications. With Tegile's IntelliFlash™ products focused on fast data, and Western Digital's ActiveScale products focused on big data, Western Digital's Data Center Systems (DCS) business unit will be well positioned to fully address the diverse set of needs that organizations have in order to harness the value of their data throughout its lifecycle.
"The Tegile acquisition will fit perfectly in Western Digital's long-term strategy to deliver high value solutions that address customers' rapidly evolving storage needs," said Mike Cordano, president and chief operating officer of Western Digital. "The addition of Tegile's technology and talented team will advance our goal of solving customers' most significant challenges in capturing, preserving, transforming and accessing data. We welcome the Tegile team to Western Digital and look forward to working together to enhance our leadership position in enterprise and cloud-based storage."
"We are excited to add this team of deeply experienced storage professionals to Western Digital," said Phil Bullinger, Western Digital's senior vice president and general manager of the DCS business unit. "Not only will we gain an exceptional group of team members, but also expand our product offerings in the fast-growing solid-state and hybrid array segments. By combining Tegile's innovative storage system software with Western Digital's global scale and combination of components and systems, we expect DCS to capture a sizable share of flash array demand. Western Digital is focused on the systems business and this is a significant step forward in advancing our long-term strategy."
Rohit Kshetrapal, chief executive officer of Tegile said, "Western Digital has been a key partner and long-term investor in Tegile and has already enhanced various aspects of Tegile's business, including engineering integration, HDD/SSD supply chain efficiencies, go-to-market efforts and customer support. Both Tegile and Western Digital have introduced industry-changing storage products. The Tegile team looks forward to continuing this tradition of innovation as part of the Western Digital family."
The acquisition is expected to accelerate the DCS business unit's revenue growth as Tegile's high-value, high-growth flash storage arrays complement the DCS products and can be marketed to Western Digital's global customer base.
About Western Digital
Western Digital is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed. Our products are marketed under the HGST, SanDisk and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company's Investor Relations website at investor.wdc.com.
About Tegile Systems
Tegile Systems is pioneering a new generation of persistent-memory storage solutions that deliver exceptional performance and economics for a wide range of enterprise applications. With Tegile's line of unified all-flash and hybrid storage arrays, enterprise customers are running their mission-critical applications at the speed of memory while significantly consolidating their transaction processing, analytics, databases, virtualization, and file services onto a single platform.
This news release contains certain forward-looking statements, including statements regarding the company's acquisition of Tegile, anticipated benefits of the transaction, integration of the company and Tegile, business strategies, products and technologies, market positioning, growth opportunities, and market demand and trends. There are a number of risks and uncertainties that may cause these forward-looking statements to be inaccurate including, among others: the anticipated benefits of the transaction may not materialize as expected; failure to successfully integrate the company and Tegile; volatility in global economic conditions; business conditions and growth in the storage ecosystem; the impact of competitive products and pricing; market acceptance and cost of commodity materials and specialized product components; actions by competitors; unexpected advances in competing technologies; our development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with acquisitions, mergers and joint ventures; difficulties or delays in manufacturing; and other risks and uncertainties listed in the company's filings with the Securities and Exchange Commission (the "SEC"), including the company's Form 10-K filed with the SEC on Aug. 29, 2017, to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
Western Digital, WD and SanDisk are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the U.S. and/or other countries. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. © 2017 Western Digital Corporation or its affiliates. All rights reserved.
The enterprise giant paid $1.2 billion for the storage vendor.
Hewlett-Packard Enterprise (HPE) has agreed purchase all-Flash and hybrid storage array vendor Nimble Storage for $1.2 billion. Nimble is often talked about as a peer to Tintri and Tegile; hybrid array companies that brought disruption to the traditional storage array market. Of the three, Nimble was the only one to have IPOed and now is the only one of the three to have been acquired.
Nimble and Tintri were both founded in 2008, with Tegile having been founded in 2010. Hybrid arrays didn't really start to take off until a few years later, and all three companies made names for themselves.
In many ways the development of Nimble, Tintri and Tegile have mirrored one another. These companies started out by offering hybrid arrays that married flash with traditional magnetic disk. Once hybrid arrays become just a feature and not a product, all three developed analytics platforms. Eventually, each created their own all-Flash offerings.
Making Sense of it All
At first glance, the HPE acquisition doesn't make a lot of sense to me. Of the three, Nimble was the more expensive company. I have personally been a Tintri user since 2015, and while I can see and understand the differences between the three competitors, I have not traditionally seen Nimble as all that much more advanced over Tintri.
There's also Pure Storage to consider. Pure is arguably top dog in the all-Flash space (Dell EMC would be the one to argue this). Where Nimble has succeeded in the midmarket space, Pure has gained a lot of mindshare among large enterprises and other big spenders.
Google says Nimble's market cap was $1.07 billion before the post-announcement spike. HPE agreed to purchase them at $1.2 billion. Pure's stock price is currently in a dip, but has had a market cap of anywhere between $2.5 billion and $3 billion over the past year.
HPE doesn't traditionally care much about the SMB, had never had great midmarket offerings, but loves the large enterprise. HPE does best when dealing with people who measure their datacenter footprint in acres. Pure's customers are more in line with HPE's approach to life, and isn't afraid of spending a couple billion extra if it gets them what they want. So why did HPE buy Nimble?
InfoSight: Nimble Analytics
I took the time to hunt down a few Nimble customers and ask them their views. The responses from every one of them were similar. The first thing to mind was Nimble's analytics package, InfoSight. Among Nimble's customers this functionality not only has a lot of mind share, it has acquired an almost cult-like devotion.
Nimble's customers also consistently mention price as a motivating factor behind their purchases. While I won't dispute the math on the price/performance or price/capacity calculations they put forth, I just don't buy this as an argument for HPE's acquisition. HPE does not traditionally focus on easily measurable, value-per-dollar metrics. Customers buy HPE because they want enterprise support, they want to do obscure and hard-to-do things, or they want to tie a whole lot of disparate types of systems together and manage it as one.
This leads me back to InfoSight. Tintri, Tegile, Pure and Nimble all have analytics packages. Among them, InfoSight is the best. Personally, I rather like Tintri's analytics, and have never had a need to look beyond them, but having spent the past 24 hours playing with all offerings as well as interrogating customers, it's clear that Nimble is the leader here.
The question: is InfoSight $1.2 billion dollars worth of leadership?
The 'Hard to Qualify' Stuff
There are 1,300 Nimble employees. As with any merger, "back end" staff such as accounting, HR, marketing and so forth will probably be invited to take redundancies. HPE just got a bunch of them from buying SimpliVity at fire sale prices, has a bunch of its own, and makes a yearly festival out of firing thousands of people. Getting past those folks, however, there is value in Nimble's human assets.
Someone at Nimble -- or a bunch of someones, more likely -- wrote InfoSight. This means conceiving of the product, doing things like testing, QA and refining the product. My investigations reveal that Nimble's InfoSight devs and management team are that rarest of the rare beasts: coders that listen to their customers and implement changes based on feedback. Surely this has value.
Perhaps more importantly, however, Nimble has created a sales force that has consistently driven growth in a highly conservative market. Storage admins resist change with a strength bordering on an elemental force and yet somehow Nimble carved out a sizable niche.
While HPE has little use for these sales folks continuing to sell storage -- it has a well established channel for that -- it has been forced to spin off its services business into a complex merger with CSC, and has also sold off "non-core" software assets in another spin-off merger with Micro Focus. Clearly, HPE could use sales nerds capable of actually driving growth all across the organization, meaning at least some of the value here might just be a small injection of new blood. This approach rarely seems to work in large vendors, but it never seems to prevent them from trying.
Nimble also has its own cloud play, Nimble Cloud Volumes, though as this is still a nascent offering with limited uptake, I'm unsure it would have been a big factor in HPE's decision. HPE has not had a lot of success running its own private cloud, and I'm told they're not eager to rerun the experiment. HPE does, however, have much better success setting up clouds for others.
The Waiting Game
In the end, we will have to wait and see to know if Nimble was worth the $1.2 billion. A lot of that value looks like it will depend on what HPE does with InfoSight. Good luck to all involved.
About the Author
Trevor Pott is a full-time nerd from Edmonton, Alberta, Canada. He splits his time between systems administration, technology writing, and consulting. As a consultant he helps Silicon Valley startups better understand systems administrators and how to sell to them.