M&A Deal Summary

McDATA Acquires Nishan Systems

On August 25, 2003, McDATA acquired technology hardware company Nishan Systems for 85M USD

Acquisition Highlights
  • This is McDATA’s 2nd transaction in the Technology Hardware sector.
  • This is McDATA’s 4th largest (disclosed) transaction.
  • This is McDATA’s 2nd transaction in the United States.
  • This is McDATA’s 2nd transaction in California.

M&A Deal Summary

Date 2003-08-25
Target Nishan Systems
Sector Technology Hardware
Buyer(s) McDATA
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

Nishan Systems

San Jose, California, United States
Nishan Systems is a supplier of native IP storage networking solutions.

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Buyer(S) 1

Buyer

McDATA

Broomfield, Colorado, United States

Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

McDATA is a provider of data access solutions, helping customers build, globally connect, optimize and centrally manage data infrastructures across SAN, MAN and WAN environments.


DEAL STATS #
Overall 2 of 4
Sector (Technology Hardware) 2 of 4
Type (Add-on Acquisition) 2 of 3
State (California) 2 of 2
Country (United States) 2 of 4
Year (2003) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-25 Sanera Systems

Sunnyvale, California, United States

Sanera Systems is a provider of highly scalable and reliable enterprise storage networking solutions.

Buy $102M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-31 Inrange Technologies

Lumberton, New Jersey, United States

INRANGE Technologies designs, manufactures, markets and services networking and switching products for storage, data and telecommunications networks.

Buy $190M