Cisco buys CoreOptics for $99 million
May 25, 2010 // Peter Clarke, EETimes.com
Networking giant Cisco Systems Inc. (San Jose, Calif.) has announced its intent to acquire privately-held CoreOptics Inc. (San Jose, Calif.) for $99 million in cash and other incentives.
CoreOptics was founded in 2001 and, although headquartered in San Jose,
has its main engineering resources in Nuremburg and Stuttgart, Germany.
The company develops and manufactures 10G and 40G modules and ICs for
The company raised more than $90 million from leading venture
capital investors including: Atila Ventures, Crescendo Ventures, GIMV,
High Tech Private Equity GmbH, Quest for Growth NV, T-Com, and TVM
Cisco said the acquisition of CoreOptics will enable it to
equip service provider customers with 100 gigabits per second
transmission technology to help scale their networks Cisco estimates
that global IP traffic will increase fivefold from 2008 to 2013 with a
40 percent compound annual growth rate.
The acquisition expands Cisco's optical presence in Europe, builds on
its existing European operations in Monza,Italy. CoreOptics has an
engineering team that has expertise in digital ASIC design, advanced
modulation formats, optical systems, applications and network
"With this acquisition, Cisco reinforces its commitment to continue to
invest in its core networking business and to deliver IP
next-generation networks at 100 Gbps and beyond," said Surya Panditi,
vice president and general manager of Cisco's service provider access
and transport technology group, in a statement.
The acquisition is subject to customary closing conditions and is expected to close in the second half of calendar year 2010
Li-Fi communication module wirelessly transfers data at 1-Gbps
October 31, 2014
The Fraunhofer Institute for Photonic Microsystems IPMS in Dresden has developed communication modules that can wirelessly ...
Digital Lumens raises USD23m for intelligent LED lighting solution
Bosch brings electronic fuel system, connectivity to Asian motorbikes
NXP extends NFC ecosystem to the car
Japan's MegaChips to buy MEMS maker SiTime
Freescale CEO: 'IoT isn't just buzz'
October 30, 2014
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's ...
3D prints world's best inverter
Research project significantly improves electronics reliability
Netscout Acquires Communications Businesses From Danaher
- Wireless Power User Guide
- Secure is the New Smart
- 5 Best Practices for Designing Flexible Test Stations
- Intelligent PLCs Expand the Internet of Things
InterviewFreescale CEO: 'IoT isn't just buzz'
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's CEO Gregg Lowe had every reason to be chipper and lively when EE Times ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.
Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.