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Cisco Completes Acquisition of CoreOptics

^{Published on 2010-07-16 05:10:59 - Market Wire}
 

SAN JOSE, CA--(Marketwire - July 16, 2010) - Cisco (NASDAQ: [ CSCO ]) today announced it has completed its acquisition of privately-held [ CoreOptics Inc. ], a designer of digital signal processing (DSP) solutions for high-speed optical networking applications. Headquartered in San Jose, with the majority of its employee base in Nuremberg and Gerlingen, Germany, CoreOptics will enable Cisco to equip service provider customers with highly advanced 100 Gigabits per second (Gbps) transmission technology to scale their networks to meet the demands of rapidly growing Internet Protocol traffic driven by video, mobility and cloud services.

The next phase of innovation in optical networking will be driven by sophisticated modulation formats and advanced DSP technologies. These new capabilities enable the efficient transmission of large amounts of data over existing fiber optic installations. By enabling high speeds across an existing infrastructure, Cisco and CoreOptics will address the challenge facing service providers of accommodating the growth in network traffic while managing tight capital expenditure budgets.

The acquisition of CoreOptics expands Cisco's optical presence in Europe, builds on its existing European operations in Monza, Italy, and contributes to continued innovation in optical networking. With the close of the acquisition, CoreOptics employees become part of the Cisco Service Provider Technology Group and work with Cisco's existing optical engineering teams in Monza, Italy; Bangalore, India; and Richardson, Texas.

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