Ciena Acquires Photonics Assets Worth $32M from Teraxion
HANOVER, Maryland, Jan. 19, 2016 — Network specialist Ciena Corp. said it has entered into an agreement with Teraxion Inc. of Quebec City, from whom it will purchase high-speed indium phosphide and silicon photonics technologies and underlying intellectual property, in a cash deal worth about $32 million.
The technologies are key enablers of Ciena’s WaveLogic coherent optical chipsets. To date, Ciena said it has shipped over 75,000 high-speed coherent line interfaces.
The acquisition reflects Ciena’s development of operations in Canada, home to its largest employee base, including more than 50 percent of its R&D team, said Scott McFeeley, senior vice president of networking platforms.
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