Networking giant Cisco Systems, Inc. (CSCO: Quote) revealed that it has completed the acquisition of privately-held Lightwire, Inc. Under the terms of the agreement, Cisco paid around $271 million in cash and retention-based incentives in exchange for all shares of the company.
Headquartered in Allentown, Pennsylvania, Lightwire develops advanced optical interconnect technology for high-speed networking applications.
Cisco said the acquisition would allow it to deliver cost-effective, high-speed networks with the next generation of optical connectivity. This will allow the company to help service provider and data center customers meet the increasing demands of video, data, voice, mobility and cloud services.
Lightwire employees will be integrated into Cisco's Transceiver Modules Group Business Unit and Supply Chain Operations Group.
by RTT Staff Writer
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