QLogic (Nasdaq: QLGC), the industry leader in Fibre Channel adapters and
Brocade Communications (Nasdaq: BRCD), the industry leader in Fibre
Channel switches, today announced a broad technology alliance agreement
that will enhance end-to-end storage connectivity for end users and
accelerate innovation in Storage Area Networks.
Under the terms of the agreement, QLogic and Brocade will:
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Jointly develop capabilities to enhance Fibre Channel technology on an
end-to-end basis with improved performance, manageability and
reliability for enterprise customers
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Align on product plans and testing to accelerate deployment of Gen 5
and Gen 6 Fibre Channel technology
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Jointly market and evangelize advanced SAN solutions for the
next-generation data centers
“Brocade and QLogic pioneered Fibre Channel and brought SANs into the
mainstream enterprise,” said Jack Rondoni, Vice President of Product
Management, Brocade. “Both companies have a long history of delivering
innovative, high-performance connectivity solutions to address
enterprise IT needs, and with this agreement we will accelerate
innovation for the next generation of storage networking.”
“QLogic and Brocade are in a unique position in the industry. Between
our two companies, we have the ability to innovate on server, fabric and
storage connectivity to deliver end-to-end optimized solutions for our
customers,” said Amit Vashi, Vice President of Products, Technology and
Planning, QLogic. “Working together with Brocade will also allow us to
accelerate the adoption of new SAN technologies and drive the future of
Fibre Channel.”
In connection with the technology and marketing alliance agreement,
QLogic also acquired
Brocade’s Fibre Channel and converged network adapter business. This
further extends QLogic’s market leading adapter offerings and ensures
continuity of supply to current Brocade customers. This acquisition is
not expected to have a material impact on the operating results of
QLogic.
Follow QLogic @ twitter.com/qlogic
QLogic – the Ultimate in Performance
QLogic
(Nasdaq:QLGC) is a global leader and technology innovator in high
performance server and storage networking connectivity products. Leading
OEMs and channel partners worldwide rely on QLogic for their server and
storage networking solutions. For more information, visit www.qlogic.com.
Disclaimer – Forward-Looking Statements
This press release contains statements relating to future results of
the company (including certain expectations regarding impact of the
acquisition on our operating results) that are "forward-looking
statements" as defined in the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected or implied in the forward-looking statements. The
company advises readers that these potential risks and uncertainties
include, but are not limited to: uncertainties whether the technology
alliance agreement will achieved its anticipated goals, unfavorable
economic conditions; potential fluctuations in operating results; gross
margins that may vary over time; the stock price of the company may be
volatile; the company's dependence on the networking markets served; the
ability to maintain and gain market or industry acceptance of the
company's products; the company's dependence on a small number of
customers; the company's ability to compete effectively with other
companies; the ability to attract and retain key personnel; the
complexity of the company's products; declining average unit sales
prices of comparable products; the company's dependence on sole source
and limited source suppliers; the company's dependence on relationships
with certain third-party subcontractors and contract manufacturers;
sales fluctuations arising from customer transitions to new products;
seasonal fluctuations and uneven sales patterns in orders from
customers; a reduction in sales efforts by current distributors; changes
in the company's tax provisions or adverse outcomes resulting from
examination of its income tax returns; international economic, currency,
regulatory, political and other risks; facilities of the company and its
suppliers and customers are located in areas subject to natural
disasters; the ability to protect proprietary rights; the ability to
satisfactorily resolve any infringement claims; uncertain benefits from
strategic business combinations, acquisitions and divestitures; declines
in the market value of the company's marketable securities; changes in
and compliance with regulations; difficulties in transitioning to
smaller geometry process technologies; the use of "open source" software
in the company's products; system security risks, data protection
breaches and cyber-attacks; and the company’s ability to borrow under
its credit agreement is subject to certain covenants.
More detailed information on these and additional factors that could
affect the company's operating and financial results are described in
the company's Forms 10-K, 10-Q and other reports filed, or to be filed,
with the Securities and Exchange Commission. The company urges all
interested parties to read these reports to gain a better understanding
of the business and other risks that the company faces. The
forward-looking statements contained in this press release are made only
as of the date hereof, and the company does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise.
QLogic and the QLogic logo are registered trademarks of QLogic
Corporation. Other trademarks and registered trademarks are the property
of the companies with which they are associated.
Copyright Business Wire 2014