M&A Deal Summary

Ciena Acquires ALTA Telecom

On January 26, 1998, Ciena acquired information technology company ALTA Telecom for 52M USD

Acquisition Highlights
  • This is Ciena’s 2nd transaction in the Information Technology sector.
  • This is Ciena’s 11th largest (disclosed) transaction.
  • This is Ciena’s 3rd transaction in the United States.
  • This is Ciena’s 3rd transaction in Georgia.
Investment Fate
  • ALTA Telecom was divested to a consortium of strategic buyers in 2012.

M&A Deal Summary

Date 1998-01-26
Target ALTA Telecom
Sector Information Technology
Buyer(s) Ciena
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

ALTA Telecom

Norcross, Georgia, United States
ALTA Telecom, Inc. provides diversified telecommunication support services for worldwide market segments.

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Buyer(S) 1

Buyer

Ciena

Hanover, Maryland, United States

Category Company
Founded 1992
Sector Technology Hardware
Employees8,627
Revenue 4.0B USD (2024)
DESCRIPTION
Entrance to Ciena's corporate headquarters in Hanover, Maryland.
Entrance to Ciena's corporate headquarters in Hanover, Maryland.

Ciena provides 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 3 of 21
Sector: Information Technology M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 20
State: Georgia M&A 3 of 3
Country: United States M&A 3 of 20
Year: 1998 M&A 2 of 3
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-26 ATI Telecom International

Norcross, Georgia, United States

ATI Telecom International Ltd., provides a range of engineering, furnishing and installation (EF&I) services for telecommunications service providers in the areas of transport, switching and wireless communications.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-22 Terabit Technology

Santa Barbara, California, United States

Terabit Technology, Inc., is a technology service provider. Terabit Technology a developer of optical components known as photodetectors or optical receivers.

Buy $12M