Brocade to Acquire Ruckus Wireless to Build a Networking Company for the Digital Transformation Era (NASDAQ:BRCD)

ENHANCES BROCADE'S POSITION AS A PURE-PLAY NETWORKING COMPANY, ADDRESSING CRITICAL NETWORKING REQUIREMENTS FROM THE DATA CENTER TO THE WIRELESS NETWORK EDGE
- COMBINED COMPANY EXPECTED TO BE #1 IN STORAGE AREA NETWORKING, #1 IN SERVICE PROVIDER WI-FI, #2 IN DATA CENTER NETWORKING, #3 IN ENTERPRISE WIRELESS LAN, AND #3 IN ENTERPRISE EDGE NETWORKING IN THE U.S. AND EMEA
- TRANSACTION EXPECTED TO BE ACCRETIVE TO BROCADE'S NON-GAAP EARNINGS BY Q1 FY17
- BROCADE INCREASES STOCK REPURCHASE AUTHORIZATION BY $800 MILLION

Brocade to Acquire Ruckus Wireless to Build a Networking Company for the Digital Transformation Era (NASDAQ:BRCD)