M&A Deal Summary

C-COR Acquires Lantern Communications

On May 28, 2004, C-COR acquired communications company Lantern Communications from Integral Capital Partners

Acquisition Highlights
  • This is C-COR’s 3rd transaction in the Communications sector.
  • This is C-COR’s 3rd transaction in the United States.
  • This is C-COR’s 2nd transaction in California.

M&A Deal Summary

Date 2004-05-28
Target Lantern Communications
Sector Communications
Buyer(s) C-COR
Sellers(s) Integral Capital Partners
Deal Type Add-on Acquisition

Target

Lantern Communications

Sunnyvale, California, United States
Lantern Communications, Inc. provides packet based transport solutions that enable deployment of Ethernet services across metropolitan area networks. The company was founded in 1999 and is based in Sunnyvale, California. It has additional offices in San Jose, California and Ottawa, Canada.

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Buyer(S) 1

Buyer

C-COR

State College, Pennsylvania, United States

Category Company
Founded 1953
Sector Communications
Employees1,260
DESCRIPTION

C-COR enables its global customer base to confidently grow, manage and deliver next-generation products and services to consumers. The Company's integrated access and management platforms deliver highly reliable and flexible voice, video and data, and support quick launch and cost effective scaling of new services.


DEAL STATS #
Overall 3 of 3
Sector: Communications M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2004 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-11 Alopa Networks

Santa Clara, California, United States

Alopa Networks provides end-to-end subscriber services solutions that allow broadband Internet service providers to create and deploy subscriber services quickly and cost-effectively.

Buy $15M

Seller(S) 1

SELLER

Integral Capital Partners

Menlo Park, California, United States

Investor


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


DEAL STATS #
Overall 28 of 67
Sector: Communications M&A 3 of 5
Type: Add-on Acquisition M&A Deals 18 of 45
State: California M&A 20 of 48
Country: United States M&A 27 of 66
Year: 2004 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-20 Blue Nile

Seattle, Washington, United States

Blue Nile is an online retailer of diamonds and fine jewelry. Blue Nile offers a customer experience that includes education, guidance, selection, customization capability, convenience and value. Blue Nile, Inc. was formed in 1999 and is headquartered in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-04 Tropos Networks

Sunnyvale, California, United States

Tropos employs 55 people. The company’s wireless IP (Internet Protocol) broadband solutions focus on reliability, security and scalability, key characteristics for essential services in smart grid and other outdoor industrial applications.

Buy -