Tech Company M&A Transactions
Internet Photonics Acquisition
Headquartered in Shrewsbury, Internet Photonics was purchased by Ciena. Ciena disclosed that the acquisition price was $150 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/19/2004
Transaction Type
M&A
Amount
$150,000,000
M&A Terms
Under the terms of the acquisition agreement, Internet Photonics will merge into Ciena, and all the outstanding shares of Internet Photonics common and preferred stock, and employee stock options will be exchanged for shares of Ciena common stock. value of the transaction is approximately $150 million.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
1030 Broad Street
Shrewsbury, NJ 07702
USA
Shrewsbury, NJ 07702
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Internet Photonics, Inc. is an innovative growth company delivering the first carrier-grade Intelligent Wavelength Platforms, which allow network operators (service providers and cable MSOs) to sell profitable high-bandwidth data services alongside existing legacy services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gregory Koss
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We do our best to report on every notable VC transaction. VC transactions on this site come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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