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Article: CIENA Extends the Reach of Intelligent Optical Networking to Metropolitan Networks With Agreement to Acquire Cyras.
- Article from:
- Business Wire
- Article date:
- December 19, 2000
CopyrightCOPYRIGHT 2000 Business Wire. 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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Business Editors/High-Tech Writers
LINTHICUM, Md. & FREMONT, Calif.--(BUSINESS WIRE)--Dec. 19, 2000
In the continuing quest to improve the fundamental economics of building and operating service provider networks, CIENA Corporation (NASDAQ: CIEN) and Cyras Systems, Inc. today announced that CIENA has agreed to acquire privately held Cyras in exchange for 27 million shares of CIENA common stock. Cyras, based in Fremont, Calif., is developing data-optimized optical switching systems for metropolitan area network applications.
"A natural extension of CIENA's industry-leading CoreDirector(TM) product family, Cyras' high-capacity, data-optimized ...