Reading Time: < 1 minute Broadcom has announced a definitive agreement under which it will acquire Brocade merging networking with storage competency to build stronger company. Broadcom believes the SAN business is a strong complement to its portfolio of enterprise storage and networking solutions, also with the grow of converged storage solutions. Due to competitive overlaps, Broadcom plans to divest the IP Networking business. Brocade’s intention is to assist Broadcom in finding a buyer that will continue to invest in the strong portfolio that Brocade created.