Are Your Brocade® ICX Switches Lost in the Shuffle?
In April 2016 Brocade® Communications Systems, Inc. (NASDAQ: BRCD) bought Ruckus Wireless (NYSE: RKUS), in a cash and stock transaction, to add to its networking portfolio.
Then just seven months later in November 2016 chipmaker Broadcom, Ltd (AVGO) announced it would buy Brocade®, moving Broadcom into a strong position in the networking storage business. However, under the terms of the deal, Broadcom agreed to divest itself of the IP networking part of Brocade®’s business, including Ruckus Wireless, which Brocade® had just recently purchased.
Then In February 2017 ARRIS International plc, (NASDAQ: ARRS) agreed to purchase Broadcom’s Brocade® Communication Systems’ Ruckus Wireless Division along with the Brocade® designed ICX campus switch product line.
But wait. If that’s not confusing enough, last month, in November 2018, CommScope, Inc. (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, agreed to acquire ARRIS International in an all-cash transaction. In addition, The Carlyle Group, a global alternative asset manager, has taken an ownership position in CommScope through a $1 billion minority equity investment.
To sum this up, Ruckus Wireless went from being an independent publicly traded company, to a division of Brocade®, to a division of Broadcom to being part of Arris to now being part of CommScope. It will take a team of actuaries to figure out everybody’s pension plan!
Perhaps lost in all the shuffling is the status of the legacy Brocade® ICX product line. If your customers are looking for support for ICX boxes call TeamKCI. In the US, Brocade®/Ruckus ICX boxes are covered under IMS. In Europe and APAC, we will gladly quote through procurement.
Brocade® is the registered trademark of Broadcom Inc.