WASHINGTON, DC--(Marketwire - Jan 22, 2013) - [ Brocade ] (NASDAQ: [ BRCD ]), today announced that Michael Klayko, former Brocade CEO and advisor to current CEO Lloyd Carney, is scheduled to testify before the Committee on Oversight and Government Reform about Federal IT Acquisition Reform. Drawing from Brocade's long-term service to the federal government, Mr. Klayko will discuss the costs of overdependence on a single-source supplier in the federal acquisition process.

"As a company rooted in innovation and R&D, we understand firsthand how open competition and diversity can enable the federal government to accomplish mission priorities and set a new standard for better citizen services and organizational leadership," said Anthony Robbins, vice president of Brocade Federal. "From a procurement standpoint, it is of paramount importance that government agencies have open and easy access to best-of-breed solutions to ensure that every taxpayer dollar goes towards serving the needs of the nation, not unwarranted spending on legacy technologies."

WHAT: 
Mr. Klayko's testimony at the "[ Wasting Information Technology Dollars: How Can the Federal Government Reform Its IT Investment Strategy ]" hearing will include actionable recommendations for using open industry standards in federal networks and provide examples of how multivendor networks can promote innovation and increase competition. Mr. Klayko will share his unique perspective informed by decades of experience serving the needs of government with legislators and stakeholders addressing:

• How open standards can reduce unwarranted spending on inefficient legacy technologies
• Why multivendor networks are better suited to promote innovation and meet IT imperatives
• How acquisition reform can provide value to the IT industry by rewarding R&D investments, intellectual property, and differentiation

WHEN:
Tuesday, January 22, 2013; 1:00 p.m. EST

WHERE:  
The Rayburn House Office Building, Room 2154, Washington, DC. The hearing will also be live streamed online at: [ http://oversight.house.gov/ ]

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