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Article obtained from Photonics RSS Feed.
Networking hardware and software company Cisco Systems Inc. has announced its intention to acquire privately held Luxtera Inc., a semiconductor company based in Carlsbad, Calif. that uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers. Cisco plans to incorporate Luxtera’s technology across its networking portfolio, spanning enterprise, data center, and service provider markets.
“With Cisco’s 2018 Visual Networking Index projecting that global internet traffic will increase threefold over the next five years, our customers are facing an exponential demand for internet bandwidth,” said David Goeckeler, executive vice president and general manager of Networking and Security Business at Cisco. “Optics is a fundamental technology to enable this future.”
Cisco will pay $660 million in cash and assumed equity awards for the acquisition of Luxtera. 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.READ MORE