Friday , May 20 2022

Cisco buys Acacia for $ 2,600 million and includes optical technology



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Bloomberg.

Among Acacia's customers are Nokia, Huawei Technologies and ZTE.

Cisco Systems agreed to buy acacia Communications in exchange for US $ 2,600 million in demand for technologies to meet the demand for more stable networks.

The company, based in San Jose, California, will pay $ 70 per share, a premium of 46% compared to the closing price of Acacia on Monday, the companies said in a statement Tuesday. The agreement is expected will end in the second half of the fiscal year 2020 of Cisco.

Cisco, whose teams are the backbone of the Internet and corporate networksit has recently stepped up its growth through product upgrading and the inclusion of new software and services in the framework of renewal led by senior Chuck Robbins.

Among Acacia's customers are Nokia, Huawei Technologies and ZTE. A Cisco represents about 18% of your earningsaccording to Bloomberg.

Bill Gartner, Director of the Cisco Optics Division, He said the deal allows companies to more closely integrate their technologies and offer customers simpler solutions.

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