Brocade plans $300 Million investment in India

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To support the company’s New IP innovations, Brocade(NASDAQ:BRCD) has announced the opening of a new state-of-the-art Development Center in Bangalore, and stated that it will invest US$300 million in India over the next five years. The new Center reaffirms Brocade’s commitment to accelerating growth in one of the world’s fastest-growing economies, and will play an important role in the development of networking innovations based on the New IP architecture.

The Center will enable Brocade India to showcase proofs-of-concept and pilot projects for customers and partners – while contributing to the development of next-generation, fabric-based and software networking solutions. The Center will also work closely with Brocade technology and solution partners and networking industry thought leaders across India, enabling the company to achieve greater penetration in industry verticals such as service providers, media, banking and finance, education, and the public sector.

Brocade CEO Lloyd Carney 150x150 Brocade plans $300 Million investment in India“Brocade is taking focussed and purposeful steps in our global investment strategy with acquisitions that increase our depth in software networking, and strengthen our footprint and engineering capability in markets where we see growth potential. We believe India will be an early adopter of New IP technologies, and we are very excited to be in this next phase of Brocade’s growth in India,’ said Brocade CEO Lloyd Carney… See more

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