Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Cisco Completes Lightwire Acquisition

RELATED NEWS
Trade CSCO now with 

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.

Click here to receive FREE breaking news email alerts for Cisco Systems Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks have fluctuated over the course of the trading day on Thursday, as traders continue to digest yesterday's monetary policy announcement from the Federal Reserve as well as better than expected third quarter GDP data. Hundreds of protesters stormed Burkina Faso's parliament on Thursday and set fire to the building, preventing the lawmakers from considering a bill to extend the president's 27-year rule. Security forces opened fire on protesters, as they looted computers and televisions in the National Assembly, news agencies reported. The angry crowd then marched towards the President's office, before they were U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.