M&A Deal Summary

Ciena Acquires Akara

On September 3, 2003, Ciena acquired technology hardware company Akara for 46M USD

Acquisition Highlights
  • This is Ciena’s 8th transaction in the Technology Hardware sector.
  • This is Ciena’s 12th largest (disclosed) transaction.
  • This is Ciena’s 1st transaction in Canada.
  • This is Ciena’s 1st transaction in Ontario.

M&A Deal Summary
Date 2003-09-03
Target Akara
Sector Technology Hardware
Buyer(s) Ciena
Deal Type Add-on Acquisition
Deal Value 46M USD
Advisor(s) RBC Capital Markets (Financial)

Target

Akara

Ottawa, Ontario, Canada
Akara Corp. is a supplier with a singular focus on extending business continuance applications between data centers with the lowest MByte per mile cost across existing MAN/WAN networks. Akara's solutions significantly reduces operational and capital expense by leveraging the existing SONET/SDH, dark fiber or DWDM networks, and ensures the performance of Fibre Channel, ESCON, FICON and Gigabit Ethernet in geographically dispersed business continuance applications.

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Buyer(S) 1

Buyer

Ciena

Hanover, Maryland, United States
Category Company
Founded 1992
Sector Technology Hardware
Employees8,627
Revenue 4.4B USD (2023)
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 10 of 20
Sector (Technology Hardware) 8 of 12
Type (Add-on Acquisition) 10 of 19
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2003) 2 of 2
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-09 Wavesmith Networks

Acton, Massachusetts, United States

Wavesmith Networks, Inc. is a provider of multiservice switching. Its approach empowers carriers to cap their investments in aging technology while they begin deploying next-generation platforms.

Buy $158M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-19 Internet Photonics

Shrewsbury, New Jersey, United States

Internet Photonics, Inc. is a carrier grade Intelligent Wavelength Platforms, which allow network operators (service providers and cable MSOs) to sell profitable high-bandwidth data services alongside existing legacy services.

Buy $150M
Mergr

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