Extreme Networks cutting 13% of workforce
Extreme Networks is laying off 13% of its workforce, or about 90 employees, in an effort to reduce expenses by $7 million per quarter.
Extreme Networks is laying off 13% of its workforce, or about 90 employees, in an effort to reduce expenses by $7 million per quarter.
Cisco this week announced its intent to acquire BroadHop, a developer of network management servers and software for carriers.
Blue Coat Systems Monday announced an agreement to acquire Crossbeam Systems for an undisclosed amount by year-end. This would mark the second time Crossbeam has been acquired in 2012, with private equity firm Thoma Bravo acquiring it just last month.
Sprint today formally announced its plan to shell out $2.1 billion to buy the remaining 49% of Clearwire that it doesn't already own. The move gives Sprint direct access to Clearwire's extensive spectrum portfolio, just as the carrier is set to reap some $20 billion on cash from its acquisition by SoftBank.
Juniper Networks this week acquired Contrail Systems, a startup that makes controllers for software-defined networks, for $176 million in cash and stock.
IT pros are divided when it comes to bonus expectations, according to tech jobs site Dice.com, and most believe company performance determines bonus payouts, not individual performance.
Meraki Networks, the tiny, privately held WLAN vendor that Cisco earlier this week announced it will buy for $1.2 billion, is as different from Cisco as night is from day.
Even though Meraki made a name for itself in cloud-based WLANs, Cisco's long-term goals for its new acquisition go beyond just Wi-Fi.
Crossbeam has been bought by private equity firm Thoma Bravo, opening up the door for the security company to expand its product line both in-house and via acquisitions.
Brocade has announced its acquisition of Vyatta, a privately held maker of open source-based network software, for an undisclosed amount of cash.
Despite a substantial decline in Riverbed's stock price after the news of its $1 billion acquisition of Opnet this week, industry experts say that the buyout leaves Riverbed in a uniquely strong position in the network management arena.
While complaints can be heard far and wide that it's hard to find the right IT security experts to defend the nation's cyberspace, the real problem in hiring security professionals is the roadblocks put up by lawyers and human resources personnel and a complete lack of understanding of geek culture, says security consultant Winn Schwartau.
Juniper Networks needs better marketing and execution, among other things, to turn its fortunes around.
A management shake-up at Juniper Networks continues, as Stefan Dyckerhoff has been replaced as executive vice president of Juniper’s Platform Systems Division by Rami Rahim, who currently leads the company’s edge and aggregation routing business unit.
Separate reports Wednesday morning show that Research in Motion, despite being battered this year for everything from outages to late products to lost market share, hasn’t been without its admirers.