Ciena closes acquisition of Cyan
Juan Fernandez Gonzalez
| 05 August 2015
Network specialist Ciena has completed the acquisition of Cyan, a global provider of next-generation software and platforms enabling open, agile and scalable software-defined networks (SDN).
Under the terms of the agreement, Ciena acquired all outstanding shares of Cyan common stock in exchange for approximately $33.6 million in cash and 10.6 million shares of Ciena common stock, bringing the total amount to $490 million.
"Ciena and Cyan make a great combination for our customers as they transform their networks with Web-scale technologies to go beyond delivering capacity to create capabilities on demand," said Gary Smith, president and CEO of Ciena. "We believe this acquisition advances our strategy to deliver a complete on-demand solution for virtualised networks and services, and greater control and choice for customers in an open ecosystem."
Aiming to make the most out of the current fibre networks in the Latin American region, Ciena is working on virtual solutions, to which Cyan's know-how will contribute, especially through its Brazilian operation.
Ciena will unify the software activities of both companies under a single brand and set of resources known as the Blue Planet division. This will focus on helping customers automate services across both physical and virtual domains, in order to drive greater competitive advantage, create new revenue opportunities, and lower costs associated with hardware and operations.
Complementing Ciena's network control and software technologies, Cyan adds multi-vendor network and service orchestration and next-generation network management software. Further strengthening Ciena's leadership in packet-optical, Cyan also brings a growing metro packet-optical business with a complementary base of key customers.