Ciena Buys WWP

Ciena announces intent to acquire World Wide Packets

January 22, 2008

1 Min Read

LINTHICUM, Md. -- Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced that it has reached a definitive agreement to acquire privately-held World Wide Packets. Based in Spokane Valley, Wash., World Wide Packets is a leading supplier of solutions for enabling the cost-effective delivery of a wide variety of Carrier Ethernet-based services.

“As part of our strategy to leverage Ethernet as the vehicle for network convergence to optimize the cost and efficiency of network resources, the addition of World Wide Packets’ technology expands our ability to address the access and aggregation tiers of the network with simplified IP/Ethernet service architectures,” said Gary Smith, president and CEO of Ciena. “Bringing to our FlexSelect™ Architecture these flexible, highly-scalable Carrier Ethernet service delivery platforms further advances us in the high-growth business Ethernet services market and strengthens our position in the emerging wireless backhaul space.”

“Since the inception of the company, it has been the goal of World Wide Packets to define and provide the next-generation of Carrier Ethernet solutions, and today’s news is conclusive validation of our approach,” said Matthew Frey, president and COO of World Wide Packets. “Our expertise in True Carrier Ethernet™ combined with the power and flexibility of Ciena’s FlexSelect Architecture provides customers with a compelling and cost-effective solution for delivering Carrier Ethernet-based services.”

Ciena Corp. (NYSE: CIEN)

World Wide Packets Inc.

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