Brocade Buys Silverback Systems

Brocade Communications Systems Inc. (Nasdaq: BRCD) has acquired Silverback Systems Inc., a Campbell, Calif.-based provider of network acceleration technologies. No financial terms were disclosed, except that Brocade said that the “cash purchase price is not material to Brocade.” Silverback has raised around $50 million in total VC funding since its 2000 inception, from firms like JPMorgan Partners, Pitango Venture Capital, China Development Industrial Bank, Gemini Capital, Intel Capital, Newbury Ventures, Network Appliance Corp. and US Trust Private Equity.