Sony Pixel Power calrec Sony

Cisco Completes Acquisition of Acacia Communications

01/03/2021

News Summary:

Cisco completed the acquisition of Acacia Communications, Inc. following approval of the transaction by a majority of Acacia shareholders.

The Acacia acquisition reinforces Cisco's commitment to optics as a building block that will enhance Cisco's Internet for the Future' strategy with world class coherent optical solutions.

Cisco is committed to supporting and growing Acacia's existing customers around the world as well as new customers that require industry-leading coherent optics, digital signal processing/photonic integrated circuit modules and transceivers for use in networking products and data centers.

SAN JOSE, Calif. - March 1, 2021: Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of Acacia Communications, Inc. (NASDAQ: ACIA) following approval by a majority of Acacia's shareholders. Acacia designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers and data center operators to meet the fast-growing consumer demand for data.

This acquisition reinforces Cisco's commitment to optics as a critical building block that will enhance Cisco's Internet for the Future' strategy with world class coherent optical solutions for customers, further enabling them to address the unprecedented scale of modern IT. Cisco is committed to supporting Acacia's existing customers around the world as well as new customers that want industry-leading coherent optics, digital signal processing/photonic integrated circuit modules and transceivers for use in networking products and data centers.

We are thrilled to welcome the Acacia team to Cisco, said Chuck Robbins, Cisco chairman and CEO. Our Internet for the Future strategy puts Acacia's high-speed coherent optics technologies front and center as we work to empower webscale companies, service providers and data center operators to meet today's fast-growing demands for data.

Cisco has agreed to acquire Acacia for $115.00 per share in cash, or approximately $4.5 billion on a fully diluted basis, net of cash and marketable securities. As a result of the transaction, Acacia is no longer a publicly traded company. Acacia has notified NASDAQ of the completion of the acquisition and has requested that NASDAQ file a notification of delisting with the Securities and Exchange Commission on Acacia's behalf.

Acacia employees join Cisco's Optics business as part of the Mass-Scale Infrastructure Group.

Additional Resources

Read the blog for more information

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on Network and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks.

Forward Looking Statements

This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words believes, plans, anticipates, expects, estimates and similar expressions) should be considered to be forward-looking statements, although not all forward-looking statements contain these identifying words. Readers should not place undue reliance on these forward-looking statements. Statements regarding future events are based on the parties' current expectations and are necessarily subject to associated risks related to, among other things, general economic conditions, including as related to the ongoing COVID-19 pandemic, the retention of employees of Acacia and the ability of Cisco to successfully integrate Acacia's market opportunities, technology, personnel and operations and to achieve expected benefits. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the Risk Factors section of Cisco's most recent quarterly report on Form 10-Q filed with the SEC on February 16, 2021 and on its most recent annual report on Form 10-K filed with the SEC on September 3, 2020, as well as the Risk Factors section of Acacia's most recent quarterly report on Form 10-Q filed with the SEC on November 9, 2020 and on its most recent annual report on Form 10-K filed with the SEC on February 18, 2020. The parties undertake no obligation to revise or update any forward-looking statements for any reason.
LINK: https://newsroom.cisco.com/press-release-content?type=webcontent&artic...
See more stories from cisco

North America Stories

22/04/2021

WO Automation for Radio v5.0 offers fully remote station operations without compromise

The latest version of WO Automation for Radio, version 5.0, includes significant...

21/04/2021

Netflix Adds 4M Subscriptions in Q1 2021, Short of Expectations

LOS GATOS, Calif.-Is the streaming boom powered by the pandemic starting to fade? One sign that could point to that idea is Netflix, the largest streaming provi...

21/04/2021

Hulu Strikes Deal to Carry NFL Network, NFL RedZone

NEW YORK-Hulu and NFL Media have come to terms on a multi-year carriage agreement that will bring NFL Network and NFL Redzone to the Hulu + Live TV service in t...

21/04/2021

Dejero Completes $60M Minority Recapitalization to Boost Growth

WATERLOO, Ontario-Dejero has announced a minority recapitalization of its business that totaled $60 million. The recapitalization was led by Vertu Capital, alon...

21/04/2021

ESPN, Fox Lead 42nd Sports Emmy Nominations

NEW YORK-The National Academy of Television Arts and Sciences has announced the nominees for the 42nd Annual Sports Emmy Awards, with ESPN and Fox leading all n...

21/04/2021

APTS, PBS Back FCC's Efforts to Increase False Emergency Alert Reports

WASHINGTON-Citing the goal of quickly and accurately informing the public about safety threats, America's Public Television Stations and PBS (collectively P...

21/04/2021

IBC Set to Go Ahead as Planned in September

LONDON-IBC 2021 is set to go ahead as planned in September, with organizers saying they are focused on delivering a fantastic event at the RAI in Amsterdam....

21/04/2021

Sony Sells Its Memnon Archiving Division to ES Broadcast

LONDON-ES Broadcast announced its acquisition of Sony's Memnon archiving solution arm. Terms of the deal were not disclosed....

21/04/2021

Quibi Content Becomes Roku Originals'

SAN JOSE, Calif.-Roku has driven the final nail in Quibi's coffin, announcing that the short-lived mobile streaming platform's content it acquired in Ja...

21/04/2021

Tightrope's Cablecast Powers Online Video Delivery for Cambridge Public Schools

MINNEAPOLIS-The Cablecast Community Media platform from Tightrope Media Systems ...

21/04/2021

Live Video Game Streaming Hit 8.8B Hours in Q1 2021

LONDON-People aren't just streaming TV shows and movies, live streams of video games grew substantially in 2020, and after the first quarter, 2021 is off to...

21/04/2021

Teradek Joins NDI Ecosystem

IRVINE, Calif.-Teradek is now part of the NDI ecosystem, which it will incorporate with its line of Teradek Cube 700 series encoders. Teradek Cube 705 and Terad...

21/04/2021

SVG Sit-Down: New FOR-A America President Satoshi Kanemura on Company's Role in Sports Production

SVG Sit-Down: New FOR-A America President Satoshi Kanemura on Company's Role...

21/04/2021

SVG SportsTech On Demand: VITEC Mark Robison's on New Venues With IPTV Systems and Enhancing the Fan Experience

SVG SportsTech On Demand: VITEC Mark Robison's on New Venues With IPTV Syste...

21/04/2021

SVG SportsTech On Demand: Haivision's Mark Horchler on Remote Collaboration and Remote Operation Over IP

SVG SportsTech On Demand: Haivision's Mark Horchler on Remote Collaboration ...

21/04/2021

SVG SportsTech On Demand: Spectra Logic's Hossein ZiaShakeri on Evolution of the Storage Industry and the Power of StorCycle

SVG SportsTech On Demand: Spectra Logic's Hossein ZiaShakeri on Evolution of...

21/04/2021

SVG SportsTech On Demand: disguise's Tom Rockhill on the Unlimited Options of xR Technology

SVG SportsTech On Demand: disguise's Tom Rockhill on the Unlimited Options o...

21/04/2021

SVG SportsTech On Demand: BirdDog's Dan Miall on the Power of NDI

SVG SportsTech On Demand: BirdDog's Dan Miall on the Power of NDI By Ken Kerschbaumer, Editorial Director Wednesday, April 21, 2021 - 9:20 am Print Thi...

21/04/2021

SVG SportsTech On Demand: Blackmagic Design's Bob Caniglia Discusses Expanded ATEM Lineup and More

SVG SportsTech On Demand: Blackmagic Design's Bob Caniglia Discusses Expande...

21/04/2021

IBC Still Planning on In-Person September Event But Has Fall-Back Option in December

IBC Still Planning on In-Person September Event But Has Fall-Back Option in Dece...

21/04/2021

At the Rink: Washington Capitals Approach Regular Season With Virtual Gameday Digital Experience, Traditional In-Venue Flair

At the Rink: Washington Capitals Approach Regular Season With Virtual Gameday Di...

21/04/2021

Inside the ESPN's NBA Daily Wager Special: How ESPN Produced Its First Sports-Betting-Driven Broadcast

Inside the ESPN's NBA Daily Wager Special: How ESPN Produced Its First Sport...

21/04/2021

Hanging in the Balance: More Research Coordination, Collaboration Needed for AI to Reach Its Potential, Experts Say

As AI is increasingly established as a world-changing field, the U.S. has an opp...

21/04/2021

The Future's So Bright: NVIDIA DRIVE Shines at Auto Shanghai

NVIDIA DRIVE-powered cars electrified the atmosphere this week at Auto Shanghai. The global auto show is the oldest in China and has become the stage to debut ...

21/04/2021

Ragnarok season 2 is coming to Netflix on May 27

Back to All News Ragnarok season 2 is coming to Netflix on May 27 Entertainment 21 April 2021 GlobalNorwayDenmarkSweden View and download the first look im...

21/04/2021

Sardar Ka Grandson Welcomes You To Their Family!

Back to All News Sardar Ka Grandson Welcomes You To Their Family!Play Video Play Video Entertainment 21 April 2021 GlobalIndia Netflix launches the traile...

21/04/2021

UiPath: The Automation IPO

Our first meeting with Daniel at Fish House in Bucharest. Try the Salt-Crusted Sea Bass! By Eric Liaw, Alex Lim, Jules Maltz, and Jason Kong Today, we are exc...

21/04/2021

TechnipFMC Awarded a Significant Subsea Contract for Petrobras' Marlim and Voador Fields

Press release | April 20 2021 TechnipFMC Awarded a Significant Subsea Contract...

21/04/2021

Cisco Commits $100 Million to Help Address Climate Crisis

News Summary: The Cisco Foundation is committing $100 million over ten years to help reverse the impact of climate change. Cisco will move the needle on cli...

21/04/2021

Avid and Dolby Deliver Industry First Pro Tools Dolby Atmos Production Course and Certification

Avid and Dolby Deliver Industry First Pro Tools Dolby Atmos Production Course ...

21/04/2021

YouTube Select Adds Seasonal Sponsorship Opportunities

YouTube said that it will be making seasonal sponsorships available as part of its Select premium advertising product, allowing marketers to own the top mom'...

21/04/2021

Primetime Ratings Monday: Fox on Top With 9-1-1'

Fox won the Monday ratings race with the return of 9-1-1 and 9-1-1: Lone Star. Fox rated a 0.9 in viewers 18-49, per the Nielsen overnights, and a 6 share. In s...

21/04/2021

PTC Issues Cord-Cutters Guide to Streaming Services

In its first report under its rebrand as the Parents Television & Media Counsel, PTC said there are upsides and downsides to streaming media that families need ...

21/04/2021

Syndication Ratings: Aaron Rodgers Leads Jeopardy!' to Weekly Win

Aaron Rodgers, playing guest host for two weeks, gave CBS Media Ventures' Jeopardy! a big boost in the session ending April 11. Rodgers, the star quarterbac...

21/04/2021

Deadliest Catch: Bloodline' on Discovery Plus April 20

A new season of Deadliest Catch: Bloodline is on Discovery Plus April 20. Captain Josh Harris and business partner Casey McManus venture to Hawaii after discove...

21/04/2021

Netflix Adds Just 4 Million New Subscribers in 1st Quarter

Netflix added just 3.98 million streaming subscribers worldwide in the first quarter after adding 15.77 million a year ago as the COVID-19 pandemic set in....

21/04/2021

Derek Chauvin Guilty Verdict: Networks Break Into Regularly Scheduled Programming

Derek Chauvin was found guilty Tuesday of murdering George Floyd on three separa...

21/04/2021

Nielsen Exec Kelly Abcarian Takes Post at NBCU Advertising

Kelly Abcarian, the long-time Nielsen executive, is joining NBCUniversal's advertising and partnerships division as executive, measurement & impact....

21/04/2021

CBS Gives the 2021 ACM Awards TV's Biggest Promo Push

B&C has partnered with always-on TV ad measurement and attribution company iSpot.tv to bring you a weekly chart we call Promo Mojo: exclusive data showing the t...

21/04/2021

Roku Sets Roku Originals Brand With Quibi Content

Roku said that it will launch a Roku Originals brand starting with the content it acquired from Quibi, the short-lived short-form mobile-first subscription serv...

21/04/2021

LiveU Lauded by Frost and Sullivan for LU800, Its Comprehensive 5G Production Unit for Broadcasters

Based on its recent analysis of theNorth American 5G network applications market...

21/04/2021

Rights-Cleared Pool Feed of First U.S. Presidential Address to Joint Session of Congress Offered on Cloud-Based TVU MediaSource Platform

TVU Networks, a market and technology leader in cloud and IP-based live video so...

21/04/2021

Mo-Sys takes virtual production to a truer focus

Mo-Sys takes virtual production to a truer focus data-src=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c562aaf4-bpthumb.jpg data-srcset=ht...

21/04/2021

Durable Goods Signs Director Katharina Baron

Durable Goods Signs Director Katharina Baron data-src=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c562aaf4-bpthumb.jpg data-srcset=https:...

21/04/2021

NewTek 3Play 3P2 Delivers The Best Plays, Played Better: Replay in Affordable, Stunning 4K

NewTek 3Play 3P2 Delivers The Best Plays, Played Better: Replay in Affordable, S...

21/04/2021

Cooke Optics appoints Andy Buckland as Director of Product Management

Cooke Optics appoints Andy Buckland as Director of Product Management data-src=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c562aaf4-bpthu...

21/04/2021

SXSW Feature Film I'm Fine (Thank You For Asking) Shoots and Finishes with Blackmagic Design

SXSW Feature Film I'm Fine (Thank You For Asking) Shoots and Finishes with B...

21/04/2021

Rights-Cleared Pool Feed of First U.S. Presidential Address to Joint Session of Congress Offered on Cloud-Based TVU MediaSource Platform

Rights-Cleared Pool Feed of First U.S. Presidential Address to Joint Session of ...

21/04/2021

Creative House Studios Debuts ARRI Lighting Upgrades & More

Creative House Studios Debuts ARRI Lighting Upgrades & More data-src=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c562aaf4-bpthumb.jpg......

21/04/2021

VFX Graduates at Rising Sun Pictures Follow Different Paths to Success

VFX Graduates at Rising Sun Pictures Follow Different Paths to Success data-src=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c562aaf4-bpth...