Add-on Acquisition • Technology Hardware

Brocade Communications Systems Acquires Rhapsody Networks

On November 5, 2002, Brocade Communications Systems acquired technology hardware company Rhapsody Networks for 175M USD

Acquisition Context
  • This is Brocade Communications Systems’ 1st transaction in the Technology Hardware sector.
  • This is Brocade Communications Systems’ 4th largest (disclosed) transaction.
  • This is Brocade Communications Systems’ 1st transaction in the United States.
  • This is Brocade Communications Systems’ 1st transaction in California.

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M&A Deal Summary

Date November 5, 2002
Target Rhapsody Networks
Sector Technology Hardware
Buyer(s) Brocade Communications Systems
Deal Type Add-on Acquisition
Deal Value 175M USD

Target Company

Rhapsody Networks

Fremont, California, United States
Rhapsody Networks Inc. develops multiprotocol switches that can run network-based storage applications such as storage virtualization.
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Buyer Overview 1

Buyer

Brocade Communications Systems

San Jose, California, United States

Category Company
Founded 1995
Sector Technology Hardware
Employees4,724
Revenue 2.3B USD (2015)
DESCRIPTION
Entrance to Brocade's corporate headquarters in San Jose, California.
Entrance to Brocade's corporate headquarters in San Jose, California.

Brocade Communications Systems, Inc. is a supplier of networking hardware, software, and services, including Storage Area Networking solutions and Internet Protocol Networking solutions for businesses and organizations of various types and sizes. Brocade’s end customers include global enterprises and other organizations that use the Company’s products and services as part of their communications infrastructure and service providers, such as telecommunication firms, cable operators, and mobile carriers, that use the Company’s products and services as part of their commercial operations. Brocade offers a line of networking hardware and software products and services that enable businesses and organizations to make their data centers and networks more efficient, reliable, and adaptable to the changing demands of new network traffic patterns and volumes. Brocade Communications Systems, Inc. was established in 1995 and is headquartered in San Jose, California.


Deal Context for Buyer #
Overall 1 of 11
Sector: Technology Hardware 1 of 3
Type: Add-on Acquisition 1 of 11
State: California 1 of 7
Country: United States 1 of 11
Year: 2002 1 of 1
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Therion Software

Redmond, Washington, United States

Therion Software Corp. is an enterprise software development company based in Redmond, Washington.

Buy $9M