M&A Deal Summary

Ciena Acquires Cyras Systems

On March 29, 2001, Ciena acquired technology hardware company Cyras Systems for 1.1B USD

Acquisition Highlights
  • This is Ciena’s 5th transaction in the Technology Hardware sector.
  • This is Ciena’s largest (disclosed) transaction.
  • This is Ciena’s 7th transaction in the United States.
  • This is Ciena’s 3rd transaction in California.

M&A Deal Summary
Date 2001-03-29
Target Cyras Systems
Sector Technology Hardware
Buyer(s) Ciena
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Cyras Systems

Fremont, California, United States
Cyras Systems, Inc., is a provider of developing data-optimized optical switching systems for metropolitan area network applications.

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Buyer(S) 1

Buyer

Ciena

Hanover, Maryland, United States

website

Category Company
Founded 1992
Sector Technology Hardware
Employees8,361
Revenue 3.6B USD (2022)
DESCRIPTION
Entrance to Ciena's corporate headquarters in Hanover, Maryland.
Entrance to Ciena's corporate headquarters in Hanover, Maryland.

Ciena is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. Ciena was founded in 1992 and is based in Hanover, Maryland.

DEAL STATS #
Overall 7 of 20
Sector (Technology Hardware) 5 of 12
Type (Add-on Acquisition) 7 of 19
State (California) 3 of 8
Country (United States) 7 of 19
Year (2001) 1 of 1
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-06 Omnia Communications

Marlborough, Massachusetts, United States

Omnia Communications, Inc. is a provider of access and transport products that enable public network operators to deliver integrated communications services over fiber optic access networks.

Buy $474M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-21 ONI Systems

San Jose, California, United States

ONI Systems Corp. develops and markets optical telecommunications systems designed to address bandwidth and service limitations of regional and metropolitan networks.

Buy $398M
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