Dallas, Texas 10/17/2013 (Financialstrend) – The $3.68 billion data storage and technology provider Brocade Communications Systems, Inc. (NASDAQ:BRCD) has been retooling itself in order to remain relevant in a market where demand for cheaper, faster and easy to manage and data storage appliances is growing exponentially.
Brocade is also finding itself facing larger competition as the Information Technology infrastructure provider landscape has gone through consolidation. Hence Brocade is now competing head on with technology behemoths like IBM and Oracle unlike an EMC or other smaller niche players earlier. Hence it has lined up a host of newly engineered products which are likely to help it gain market share. October 15 announcement of releasing a new storage area network management solution from Brocade Communications Systems, Inc. (NASDAQ:BRCD) has to be seen in this light.
The network and data storage infrastructure provider has touted this new offering as a industry leading “storage area network (SAN) management solution.” It comes equipped with new features like “Monitoring and Alerting Policy Suite” and “Flow Vision”. These new features are designed to provide data centre managers with remote access capabilities which will help reduce the complexity of managing huge enterprise wide SAN. New functionalities also include receiving alert mechanism via SMS and automation of day to day management tasks there by increasing the productivity of IT staff. In addition to its own products, Brocade is also collaborating with one time competition like EMC to certify its solution offerings there by offering its customers interoperable solutions. Analysts see this move by smaller companies as a logical effort to consolidate resources while they take on bigger competition.
As of close of business on October 16, the share price had settled at $8.18 up 0.25% from its previous day close. Over the last 30 days the stock has appreciated by close to 5.1% and by 41% in the past year.