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.