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Brocade Communications Systems Inc. (Nasdaq: BRCD) may be mulling a move from publicly traded company to private firm, sources say.
Several financial analysts say they've heard speculation that the Fibre Channel firm may be thinking of selling out to a group of private equity partners. But no one can say for sure that a deal is imminent.
"It doesn't surprise me to hear this again. Contacts tell me Brocade is pursuing some outreach to major private equity firms," says one analyst, who asked not to be named.
"I heard they're shopping, but it could be rumors from hedge fund managers," cautions Dan Renouard of Robert W. Baird & Co. Inc.
Brocade media relations director Leslie Davis says the company can shed no light on the speculation. "I know those rumors are out there," she says. "But there's nothing I can add."
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
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