Market Insight

Brocade to Acquire Ruckus for $1.5B

April 05, 2016  | Subscribers Only

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This week, Brocade announced that it will acquire WiFi vendor Ruckus Wireless in a cash and stock transaction that values Ruckus at approximately $1.5B, keeping the consolidation momentum in the networking industry going. The transaction has been approved by the boards of directors of both companies and is expected to close in 2Q16. Selina Lo, current CEO of Ruckus, will stay on to manage the Ruckus division.

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