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Article: Ciena to acquire WaveSmith. (Business).(WaveSmith Networks Inc.)(Brief Article)
- Article from:
- Fiber Optics Weekly Update
- Article date:
- April 18, 2003
CopyrightCOPYRIGHT 2003 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ciena announced a definitive agreement under which Ciena will acquire privately-held WaveSmith Networks Inc. Based in Acton, Mass., WaveSmith is a leading innovator of multiservice switching. Ciena was an investor in WaveSmith's third round of financing and resells WaveSmith's equipment under a previously announced worldwide sales and reseller agreement. Under the terms of the acquisition agreement, WaveSmith will merge into Ciena, and all remaining outstanding shares of WaveSmith common and preferred stock will be exchanged for approximately 36 million shares of Ciena common stock. Ciena also will ...
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Article: WaveSmith Networks Achieves Next Major Milestone In ...
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... ... TM) NMA(R) System WaveSmith Networks, an emerging company focused ... CO) switching. About WaveSmith Networks WaveSmith Networks was founded in March of ... reseller agreement with CIENA Corporation. For more information ...
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