x
Optical components

Cisco Closes Lightwire Buy

SAN JOSE, Calif. -- Cisco (NASDAQ: CSCO - News) today announced the completion of the acquisition of privately held Lightwire, Inc. Headquartered in Allentown, Penn., Lightwire develops advanced optical interconnect technology for high-speed networking applications. The acquisition will allow Cisco to deliver cost-effective, high-speed networks with the next generation of optical connectivity, allowing service provider and data center customers to meet the growing demands of video, data, voice, mobility and cloud services.

Upon the close of the acquisition, Lightwire employees will be integrated into Cisco's Transceiver Modules Group Business Unit and Supply Chain Operations Group. Under the terms of the agreement, Cisco paid approximately $271 million in cash and retention-based incentives in exchange for all shares of Lightwire.

Cisco Systems Inc. (Nasdaq: CSCO)

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE