Possible suitors include HP and Oracle
Brocade has put itself up for sale, according to a report in the Wall Street Journal. The company with a $3.2 billion valuation is being shopped by Frank Quattrone of the Qatalyst Group, who is famous for brokering the acquisition of Data Domain by EMC. Possible suitors include HP and Oracle. In 2008, Brocade acquired Foundry Networks to extend its capabilities into the Ethernet switch space. The company offers an array of Fibre Channel, iSCSI and Gigabit Ethernet switches. Brocade had net income of $167 million on $1.5 billion in revenue in 2008.
