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
Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, reported second-quarter net income of $89.1 million, or $0.51 per share, compared to $67.9 million, or $0.37 per share, prior year. Pre-tax income increased to $140.4 million from $86.5 million. On average, 18 analysts polled by... German conglomerate Bayer AG said it has made an all-cash offer to acquire U.S. competitor Monsanto for $122 per share or an aggregate value of $62 billion. Bayer expects the deal to reinforce it as a Life Science company with a deepened position. Responding to recent media reports, agricultural products giant Monsanto recently had disclosed that it had received an unsolicited proposal from Bayer. Agricultural machinery maker Deere & Co. reported Friday lower profit in its second quarter, reflecting weak equipment sales. Profit and net sales, however, topped analysts' estimates. Further, the company cut its forecast for fiscal 2016 profit, while updated sales view.
comments powered by Disqus
Follow RTT