Will acquire the assets of the SteelApp business unit, and SteelApp development and field personnel will join Brocade after closing
Brocade said it intends to acquire Riverbed Technology’s SteelApp product line in an all-cash asset transaction. SteelApp is one of the top virtual ADCs providing scalable, secure, and elastic delivery of enterprise, cloud, and e-commerce applications.
The SteelApp product line controls traffic to and from applications and enables fast, reliable, and secure application delivery to users anywhere from the cloud or data center.
Under the terms of the agreement, Brocade will acquire the assets of the SteelApp business unit, and SteelApp development and field personnel will join Brocade after closing. The addition of the SteelApp product line extends Brocade’s software portfolio and enables more advanced solutions for the company’s data center and service provider customers.
“The decision to divest the SteelApp product line reflects Riverbed’s ongoing commitment to focus on businesses and opportunities that leverage our core competencies,” said Jerry M. Kennelly, Chairman and CEO, Riverbed Technology. “Riverbed is focused on providing solutions that provide CIOs unparalleled visibility, optimization, and control in the hybrid enterprise, ensuring on-premises, cloud and SaaS applications perform as needed.”
Lloyd Carney, CEO, Brocade, said, “We are thrilled to add SteelApp’s widely-adopted solution to our portfolio and will invest our existing ADC resources to aggressively advance the roadmap and extend it into our open Vyatta Platform offering for NFV and SDN.”
The SteelApp product line will be added to Brocade’s growing portfolio of software networking products including virtual routing, firewall, VPN, SDN controller, and network visibility and analytics. Combined with its portfolio of world-class network hardware products, these disruptive additions strengthen Brocade’s portfolio for data center deployments, spanning Enterprise, Cloud and Telco customers.
