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UNITED STATES : Cisco Systems to purchase Lightwire for $271 million
Publish Date : 28-Feb-2012
Cisco Systems Inc. is all set to purchase Lightwire Inc., for $271 million.
Lightwire is headquartered in Allentown. It has offices in Santa Clara and is engaged in the development of optical interconnect technology for high-speed networking applications. With this purchase, the workers of Lightwire will become part of Cisco\'s Transceiver Modules Group Business Unit and Supply Chain Operations Group.
According to Cisco Systems, Lightwire\'s optical technology will assist its service provider and data center customers fulfill the rising demands of video, data, voice, mobility and cloud services.
Surya Panditi, SVP of Cisco Service Provider Networking Group, said, \"The acquisition of Lightwire will support our data center and service provider customers as they manage the continuing deluge of network traffic alongside tight capital and operating budgets.”
Ned Hooper, Chief Strategy Officer of Cisco Systems, said, \"The Lightwire acquisition builds on Cisco\'s existing optical networking expertise and complements Cisco\'s 2010 acquisition of CoreOptics, a designer of coherent digital signal-processing solutions and application-specific integrated circuits for high-speed optical networking applications.\"
The deal is likely to be closed in Q3 of Cisco\'s fiscal year 2012.
