Cisco Systems Acquires CoreOptics for $99,000,000

  • Feed Type
  • Date
    5/20/2010
  • Company Name
    CoreOptics
  • Mailing Address
    2841 Junction Ave. San Jose, CA 95134-1921
  • Company Description
    CoreOptics, with operations in Nuremberg, Germany, San Jose, California and Manchester, New Hampshire, USA, develops and manufactures subsystems for ultra high-speed optical networking applications in the telecommunications and information technology industries. CoreOptics current portfolio includes advanced 10Gbps and 40Gbps transponders for Metropolitan, Regional and Long Haul optical systems using DWDM, OTN, SONET/SDH, ATM and IP protocols
  • Website
    http://www.coreoptics.com
  • Transaction Type
    M&A
  • Transaction Amount
    $99,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Cisco will pay approximately $99 million in cash and retention-based incentives in exchange for all shares of CoreOptics.

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