M&A Deal Summary

McDATA Acquires Computer Network Technology

On January 19, 2005, McDATA acquired technology hardware company Computer Network Technology for 235M USD

Acquisition Highlights
  • This is McDATA’s 4th transaction in the Technology Hardware sector.
  • This is McDATA’s largest (disclosed) transaction.
  • This is McDATA’s 4th transaction in the United States.
  • This is McDATA’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2005-01-19
Target Computer Network Technology
Sector Technology Hardware
Buyer(s) McDATA
Deal Type Add-on Acquisition
Deal Value 235M USD

Target

Computer Network Technology

Minneapolis, Minnesota, United States
Computer Network Technology Corp. is a provider of storage networking systems.

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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 4 of 4
Sector (Technology Hardware) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 4 of 4
Year (2005) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS 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
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