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Article: McData acquired by rival Brocade Deal for Broomfield tech company valued at $713 million.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- August 9, 2006
- Author:
CopyrightCOPYRIGHT 2006 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Roger Fillion, Rocky Mountain News
McData Corp., the last big player in Colorado's storied data-storage industry, agreed to be sold to larger rival Brocade Communications Systems Inc. of Silicon Valley for about $713 million.
The all-stock deal marks the final chapter for Broomfield-based McData, founded in 1982 by six former Storage Technology Corp. executives.
And it marks the loss of another Colorado-based tech company swept up in merger activity. Sun Microsystems bought homegrown StorageTek last year for $4.1 billion, and PeopleSoft Inc. - which was itself acquired by Oracle Corp. - bought Denver software maker J.D. Edwards & Co. ...
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... ... Jack McDonnell, CEO and chairman of McDATA(R) Corporation (Nasdaq: MCDT, MCDTA ... storage networking solutions, detailed McDATA's leading position in the storage area ... Storage Conference. McDonnell discussed McDATA's progress in its drive towards expanding ...
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