Oclaro Buys Mintera for $12M Plus Bonuses
San Jose, CA-based Oclaro (NASDAQ: OCLR), an optical communications and laser technology firm, announced today it has acquired Mintera, based in Acton, MA, for $12 million in cash upfront. The deal could be worth as much as $32 million in total, if Mintera reaches cumulative revenues of $70M over the next 18 months. Mintera’s annual revenue was about $20 million over the most recent fiscal year, according to the press release. The company was founded in 2000 and specializes in high-speed optical transmission systems. Its investors included Court Square Ventures, JDSU, Polaris Venture Partners, Portview Communications Partners, RRE Ventures, and Star Ventures. Terry Unter, Mintera’s CEO, will remain with Oclaro for a transitional period of unspecified length.