Tech Company M&A Transactions
World Wide Packets Acquisition
Operating out of Spokane Valley, World Wide Packets was purchased by Ciena. The companies indicated that total deal value was $290 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/22/2008
Transaction Type
M&A
Amount
$290,000,000
M&A Terms
Ciena will pay $200 million in cash and 3.4 million shares of its stock, which was worth about $90 million based on the closing price of $26.52 on Friday (1/18/08). Ciena will also assume about $15 million in outstanding debt.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
115 North Sullivan Road
Spokane Valley, WA 99037
USA
Spokane Valley, WA 99037
USA
Phone
Website
Email Address
Not Recorded
Overview
World Wide Packets is the pioneering solutions provider for Ethernet broadband Fiber to the Subscriber connectivity. World Wide Packets LightningEdge offering enables a complete, fully standard-based access solution for business and residential subscribers, providing the most cost competitive broadband solution for the integrated delivery of voice, video, and data services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dave Curry
Chief Operating Officer
Matthew Frey
Chief Technical Officer
Kevin Daines
VP - Engineering
Michael Nielsen
VP - Marketing
Chad Whalen
VP - Operations
Scott McMillan
Browse more venture capital transactions:
Prev: 1/22/2008: Nanochip venture capital transaction
Next: 1/22/2008: GAIN Capital Holdings venture capital transaction
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