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For the second straight day, Brocade Communications Systems Inc. (Nasdaq: BRCD) ponied up for a startups technology, although the decibel level was far lower in todays deal.
Brocade has acquired Redmond, Wash.-based management software developer Therion Software in a stock deal worth approximately $9.3 million, one day after it decided to sink up to $7.5 million into wide-area file services (WAFS) vendor Tacit Networks Inc. (see Brocade Invests in Tacit).
Brocade has had a minority stake in Therion since last July, several months after the company started. Therion's nine employees, including CEO Frank Artale and VP of engineering Peter Benoit, will join Brocade's engineering organization.
While Brocade executives trumpeted the Tacit deal, they have little to say about Therion, which has apparently been in deep stealth while developing products with Brocade.
"We have been working with Therion for more than a year on technologies that will leverage SAN infrastructure to address challenges in the enterprise data center, Brocade CEO Mike Klayko says in a release. This acquisition allows us to integrate a skilled team with expertise in shared storage and dynamic system management into Brocades engineering group, and accelerate several new product development programs.
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