Tellabs Acquires Vinci Systems

NAPERVILLE, Ill. -- Tellabs today acquired Vinci Systems, a privately held developer of optical networking terminals (ONTs) for Fiber-to-the-Home (FTTH) access systems. Under the terms of the agreement, Tellabs will pay up to $52.5 million in cash and restricted Tellabs stock.

The move brings Tellabs a family of third-generation ONTs that complements the Tellabs FiberDirect(SM) solution. Vinci Systems, a start-up based in Vienna, Va., was founded in 2002 and has demonstrated interoperability of its ONT products with the industry's leading Optical Line Terminal (OLT) vendors.

"This acquisition further illustrates our commitment to expanding into the growing FTTx market," said Carl DeWilde, executive vice president of access products at Tellabs. "Vinci's ONT technology enables us to deliver a more cost-effective fiber access solution."

Tellabs Inc.