Tuesday, December 18, 2018

Cisco Acquires Luxtera For $660M

Cisco announced its acquisition of optical photonics developer Luxtera on Tuesday morning, saying it will pay $660M in cash and assumed equity options for Luxtera. Luxtera develops optical semiconductors used in the high speed networking market and in optical transceivers, and was based in Carlsbad, California. According to Cisco, it will incorporate Luxtera's technology into its "intent-based" networking portfolio. Luxtera's semiconductors are used in optical transceivers, including 100GbE and 400GbE networks. Luxtera was venture backed by such investors as NEA, August Capital, Sevin Rosen, Funds, Lux Capital, and Tokyo Electron.