logo
Share SHARE
FONT-SIZE Plus   Neg

Cisco Completes Lightwire Acquisition

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

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT