M&A Deal Summary

Redback Networks Acquires Siara Systems

On November 29, 1999, Redback Networks acquired technology hardware company Siara Systems for 4.3B USD

Acquisition Highlights
  • This is Redback Networks’ 1st transaction in the Technology Hardware sector.
  • This is Redback Networks’ largest (disclosed) transaction.
  • This is Redback Networks’ 1st transaction in the United States.
  • This is Redback Networks’ 1st transaction in California.

M&A Deal Summary
Date 1999-11-29
Target Siara Systems
Sector Technology Hardware
Buyer(s) Redback Networks
Deal Type Merger
Deal Value 4.3B USD

Target

Siara Systems

Sunnyvale, California, United States
Siara Systems is a communications technology equipment and software provider. It provides IP over SONET solutions for traditional and IP-based services.

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Buyer(S) 1

Buyer

Redback Networks

San Jose, California, United States

website

Category Company
Founded 1996
Sector Technology Hardware
DESCRIPTION

Redback Networks, Inc. provides subscriber management systems and edge routers for carriers' broadband access networks. Redback has over 700 carrier customers in more than 80 countries and employs about 800 people, including 500 R&D engineers.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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