Cisco intends to acquire Acacia Communications

·       Acacia’s coherent optics technology empowers webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data

·       Acacia is headquartered in Maynard, Massachusetts and is publicly traded.

·       Innovation across software, silicon and optics is fueling Cisco’s initiative to make networks smarter, simpler and more secure

Cisco (CSCO) and Acacia Communications (ACIA) announced they have entered into a definitive agreement under which Cisco has agreed to acquire Acacia. An existing Cisco supplier, Acacia designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data.

Under the terms of the agreement, Cisco has agreed to acquire Acacia for $70.00 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities. As Cisco and Acacia come together, Cisco plans to support Acacia’s existing customers and new customers that want industry coherent optics, digital signal processing / photonic integrated circuit modules, and transceivers for use in networking products and data centers.

Source: https://www.prnewswire.com/

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