Ciena Corporation is set to buy Cyan, a provider of SDN, NFV, and packet-optical solutions for network operators, for nearly $335 million.
Meanwhile, Cyan said its revenue grew 89 percent to $36 million for the first quarter of 2015. Net loss for the first quarter has grown to $52.9 million against net loss of $17.8 million in the same period last year.
When combined with Ciena’s Agility software portfolio, Cyan’s network management 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.
“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,” said Gary Smith, president and CEO of Ciena.
The addition of Cyan accelerates the availability of a complete solution for Ciena customers to deliver virtualized networks and services on-demand.
“Ciena and Cyan share the common belief that disruptive innovations and a customer-first approach are key ingredients to enable network transformation,” said Mike Hatfield, president of Cyan.
editor@telecomlead.com
