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Brocade Closes Out McData

Brocade officially closed the McData deal today, and promptly cleared out its rival's management team and most of its products. (See Brocade Completes McData Buy.)

The final price tag came to $973 million, based on Brocade's closing stock price last Friday. Brocade CEO Mike Klayko rang the Nasdaq stock market opening bell in New York today, then headed to McData's Broomfield, Colo., headquarters to meet with former McData employees.

Brocade also sketched out its combined product line, which looks a lot like its product line from before it revealed its acquisition plans last Aug. 8. (See Brocade Bags McData For $713M.)

Brocade will integrate McData's services organization, which came primarily from a 2005 acquisition of CNT Networks, into its services group and continue to sell McData directors, fabric management software, and mainframe extension platform.

The rest is gone or going soon. So is McData's management team, which was swept out entirely.

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