Article: CIENA Extends the Reach of Intelligent Optical Networking to Metropolitan Networks With Agreement to Acquire Cyras.

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 ...

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