Cisco (NASDAQ: CSCO) is to acquire Luxtera, Inc., a Carlsbad, Calif.-based semiconductor company, for $660M.
The acquisition is expected to close in the third quarter of Cisco’s fiscal year 2019, subject to customary closing conditions and required regulatory approvals.
Luxtera uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers. Its technology, design, and manufacturing innovation improves chip scale and performance, while lowering costs.
Now, with the acquisition, Cisco plans to incorporate Luxtera’s technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets.
The combination of the two companies’ capabilities in 100GbE/400GbE optics, silicon, and process technology will enable customers to build future-proof networks optimized for performance, reliability, and cost. In addition, the integration of their optical transceiver portfolio will broaden Cisco’s offering of 100GbE and 400GbE optics.
Upon completion of the transaction, Luxtera employees will join Cisco’s Optics business under David Goeckeler, executive vice president and general manager, Networking and Security Business.
FinSMEs
19/12/2018