About McData
McData is a company based in Broomfield (United States) founded in 1982 was acquired by Brocade Communication Systems in August 2006.. The company has 92 employees as of April 09, 2024. McData has completed 2 acquisitions, including Nishan Systems and Sanera. McData operates in a competitive market with competitors including DDN, Coraid, Chelsio, Incipient and Active Storage, among others.
- Headquarter Broomfield, United States
- Employees 92 as on 09 Apr, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mcdata Corporation
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.33 M (USD)65.34as on Mar 31, 2023
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Net Profit
$296.29 K (USD)129.13as on Mar 31, 2023
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EBITDA
$370.48 K (USD)118.58as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
92
as on Apr 09, 2024
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Investments & Acquisitions
Nishan Systems
& 1 more
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Acquired by
Brocade Communication Systems
(Aug 08, 2006)
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Funding Insights of McData
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in McData
McData has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Brocade Communication Systems. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Networking products for data centers and storage fabrics are supplied.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by McData
McData has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Nishan Systems and Sanera. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Enterprise SAN switches are provided for storage networking solutions.
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2000 | ||||
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IP storage networking solutions are developed through switches and adapters.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - McData
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mcdata Comparisons
Competitors of McData
McData operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DDN, Coraid, Chelsio, Incipient and Active Storage, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Big data and HPC storage appliances are provided for businesses.
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| domain | founded_year | HQ Location |
Ethernet-based SAN storage solutions are provided for data networks.
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| domain | founded_year | HQ Location |
Networking solutions for storage solutions
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| domain | founded_year | HQ Location |
Enterprise storage, SAN virtualization, and data migration solutions are developed.
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| domain | founded_year | HQ Location |
High-performance storage solutions are provided for content creators.
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| domain | founded_year | HQ Location |
Storage area network solutions and data systems are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about McData
When was McData founded?
McData was founded in 1982.
Where is McData located?
McData is headquartered in Broomfield, United States. It is registered at Broomfield, Colorado, United States.
How many employees does McData have?
As of Apr 09, 2024, the latest employee count at McData is 92.
What is the annual revenue of McData?
Annual revenue of McData is $2.33M as on Mar 31, 2023.
What does McData do?
McData was founded in 1982 in Broomfield, United States, as a provider in the storage networking sector. Fibre channel directors, fabric switches, blade switches, SAN routers, and a network management solution are included among its products for managing storage area networks. Data infrastructure solutions are also offered. Following its acquisition by Brocade, an expanded customer base and a fuller SAN product lineup were achieved.
How many acquisitions has McData made?
McData has made 2 acquisitions, including Nishan Systems, and Sanera.
Who are McData's investors?
McData has 1 investor. Key investors include Brocade Communication Systems.
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