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Article Image - Ciena Acquisition of Certain TeraXion Assets
Posted 19th January 2016

Ciena Acquisition of Certain TeraXion Assets

Ciena® Corporation, the network specialist, has entered into a definitive agreement with TeraXion Inc. to acquire its high-speed photonics components (HSPC) assets for approximately USD $32 million (CAD $46.6 million) in cash.

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Ciena Acquisition of Certain TeraXion Assets
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Ciena® Corporation, the network specialist, has entered into a definitive agreement with TeraXion Inc. to acquire its high-speed photonics components (HSPC) assets for approximately USD $32 million (CAD $46.6 million) in cash.

The asset purchase includes TeraXion’s high-speed indium phosphide and silicon photonics technologies as well as the critical underlying intellectual property. These technologies are key enablers of Ciena’s industry-leading WaveLogic coherent optical chipsets, which make the optical layer of next-generation networks more intelligent and responsive to today’s web-scale demands.

Scott McFeely, Senior Vice President, Networking Platforms at Ciena said:

“The TeraXion HSPC assets advance Ciena’s established leadership in high-speed optics and enhance our ability to develop differentiated solutions that enable service providers to scale their networks with greater programmability and agility. This acquisition also reinforces our commitment to serving as a growth and innovation engine in Canada, which is home to our largest employee base and more than 50 percent of our global research and development team.”

As the pioneer and market leader in coherent technology, Ciena introduced the industry’s first commercially-available systems, including the deployment of coherent 100G since 2009. Today, Ciena has shipped over 75,000 coherent high-speed coherent line interfaces to more than 240 customers across the globe, with more than 80 million coherent kilometres deployed.

Categories: Finance, M&A


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