While the terms of the deal were not disclosed, Brocade said the cash purchase price was "not material" to the company, but it said it expected "to record goodwill, in-process research and development, and other intangible assets associated with the transaction in the first quarter of fiscal 2007."
Analysts said that the acquisition meant that Brocade would be obtaining "excellent engineering and technology expertise in an area where the company will continue to grow and expand its business."
"As data centres expand to include emerging technologies such as 10GbE and high performance IP connectivity, Brocade is demonstrating its commitment to continue to provide customers with a broad range and choice of high-performance networked storage solutions." said Arun Taneja, Founder & Consulting Analyst, Taneja Group.
The deal is the third for Brocade in the last 10 months. In March last year, it bought file management software company NuView. In August, Brocade announced a definitive agreement to acquire San company McDATA. The McDATA acquisition remains subject to approval of Brocade and McDATA stockholders, regulatory approval, and other closing conditions.
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Rene Millman is a freelance writer and broadcaster who covers cybersecurity, AI, IoT, and the cloud. He also works as a contributing analyst at GigaOm and has previously worked as an analyst for Gartner covering the infrastructure market. He has made numerous television appearances to give his views and expertise on technology trends and companies that affect and shape our lives. You can follow Rene Millman on Twitter.