Brocade Communication Systems Acquires StackStorm for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e4b74868-1320-41b9-a442-13a87f6ae8f6
Date
3/30/2016
Company Name
StackStorm
Mailing Address
261 Hamilton Ave. Palo Alto, CA 94301 USA
Company Description
StackStorm is an emerging leader of the third wave of operations automation. Built from the ground up with DevOps in mind, StackStorm’s vision is a world of self-driving data centers that learn over time how to better operate themselves.
Website
http://www.stackstorm.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
Under Brocade, the StackStorm technology will be extended to networking and new integrations will be developed for automation across IT domains such as storage, compute, and security. The StackStorm team also highlighted in its blog it anticipates investment from Brocade to increase the size of its team over the coming months. Financial terms of the transaction were not disclosed by the comapnies.