Home / Networking / Cisco acquires Acacia Communications for $2.6 billion

Cisco acquires Acacia Communications for $2.6 billion

Tech news roundup: Amazon Prime Day, EA gaming service’s vulnerabilities, and multicloud basics
This week’s TechRepublic and ZDNet news stories include the brand battle between Apple and Microsoft, Word documents containing malicious links, and the future of on-premises databases. Read more: https://zd.net/2xqQ0Hn

Cisco said it will acquire Acacia Communications in a deal worth $2.6 billion.

Under the terms of the deal, Cisco will acquire Acacia for $70 a share in cash. Acacia, which makes optical interconnect technology, is an existing supplier to Cisco.

Acacia develops algorithms for digital signal processing as well as technology for ASIC design and verification, software, integration, and optics optimization.

Cisco said it will support Acacia’s existing customers and new ones using the company’s optics, digital signal processing, transceivers and other gear used in networking equipment.

Optical interconnect technologies have become a hot area. Cisco’s argument for the deal is that it can use Acacia’s technology throughout its networking portfolio aimed at cloud providers, service providers, and enterprises.

The deal will close in the second half of Cisco’s current fiscal year and Acacia will fall under Cisco’s Optical Systems business.


Source link

About

Check Also

4G speeds topping 5G in Australia: Opensignal

(Image: Opensignal) Of eight nations where Opensignal conducted real-world testing during April to the end ...

Leave a Reply

Your email address will not be published. Required fields are marked *