logo
Share SHARE
FONT-SIZE Plus   Neg

Cisco Completes Lightwire Acquisition

Networking giant Cisco Systems, Inc. (CSCO) 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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share. The Coca-Cola Company (KO) reported that its fourth-quarter net income to shareowners increased to $1.24 billion or $0.28 per share from $770 million or $0.17 per share, last year. Adjusted earnings per share was $0.38, for the quarter. On average, 21 analysts polled by Thomson Reuters expected the company... With a view to promoting the all new Prius brand in U.S., Toyota has launched a lighthearted commercial. It highlights the reinvention of the hybrid technology. The advertisement was aired during the first half of Super Bowl 50 and was well received in social media.
comments powered by Disqus
RELATED NEWS
Trade CSCO now with 
Follow RTT