Brocade to buy McData for $713M


"There is a complete overlap in products and customers," Adams said during the conference call to announce the acquisition. "It looks like you've got one company doing very well, one company that's stumbling, and if you'd waited a couple of quarters you might have had that market share anyway."

McData Corp. had said in mid-July that in 30 days it would be announcing a product strategy that makes it easier for organizations to centralize remote storage needs and perform tasks such as backup and electronic discovery.