The leading Optical Transport provider for Communications Service Providers, Ciena has entered into an agreement to acquire Cyan, a leading provider of metro packet and Software Defined Networking (SDN) solutions, in a deal worth approximately $400 million. The transaction which has been approved by the boards of directors of both companies is expected to close during Ciena’s fiscal fourth quarter 2015.
Cyan offers SDN, NFV, and metro packet-optical solutions and has built a strong customer base that is complementary to Ciena which provides fiber optics networking gears. Cyan also provides multi-vendor network and service orchestration and next-generation network management software with advanced vizualization.
According to Ciena, when combined with its Agility software portfolio, Cyan’s next-generation software and platforms enable greater monetization for network operators through more efficient utilization of network assets and faster time-to-market with differentiated and profitable services.
Gary Smith, President and CEO, Ciena
Ciena is transforming networks by applying web-scale technologies for delivering greater efficiency, network automation and agility while driving the industry toward an open ecosystem. The addition of Cyan accelerates the availability of a complete solution for our customers to deliver virtualized networks and services on-demand.
Mike Hatfield, President, Cyan
Ciena and Cyan share the common belief that disruptive innovations and a customer-first approach are key ingredients to enable network transformation. We are confident that our combined efforts will accelerate this transformation adding significant value for our customers.