IBM Acquires BLADE Network Technologies

Data Center Knowledge (Sep 27 2010) Cloud Computing , Networking

1. IBM has entered into a definitive agreement to acquire BLADE Network Technologies, which makes Ethernet switching hardware and software for data centers. The deal continues the realignment of planets in the IT industry as largest vendors position themselves for the Battle for the Data Center. Financial terms were not disclosed. BLADE Network Technologies is privately held, but said last year that a series B financing round valued the company at $230 million. The acquisition is anticipated to close in the fourth quarter of 2010, the companies said. (Read Full Article)

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