SUNNYVALE, Calif. -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optics communications, today announced that it had acquired Broadway Networks, Ltd., for an undisclosed sum in an all-cash transaction.

Broadway Networks, Ltd., was started in 2006 to develop transceiver products that incorporate additional "system level" functionality for FTTx networks. Broadway has developed a pluggable transceiver that incorporates an EPON ONU in an SFP and enables switches, routers and other customer premises equipment (CPE) to connect directly to PON networks. This "System on a Transceiver" approach offers particular advantages in the case of PON networks that are deployed for broadband services to multi-dwelling units, businesses and for wireless backhaul. Finisar expects to follow a product roadmap which will eventually extend Broadway's innovative technology to the GPON market. According to industry analyst Ovum, approximately 65% of new EPON subscribers and a smaller but growing percentage of GPON subscribers reside in multi-dwelling units.

Broadway has also developed a "Smart SFP" with built-in remote management functionality designed to enable telecom carriers to monitor and diagnose the fiber links connecting customer sites, and reduce operating costs in the process.

Finisar Corp. (Nasdaq: FNSR)