M&A Deal Summary

Ciena Acquires Tibit

On November 22, 2022, Ciena acquired technology hardware company Tibit

Acquisition Highlights
  • This is Ciena’s 12th transaction in the Technology Hardware sector.
  • This is Ciena’s 19th transaction in the United States.
  • This is Ciena’s 8th transaction in California.

M&A Deal Summary
Date 2022-11-22
Target Tibit
Sector Technology Hardware
Buyer(s) Ciena
Deal Type Add-on Acquisition

Target

Tibit

Petaluma, California, United States
Tibit offers a disruptive technology that will fundamentally change the way broadband access is deployed in the Service Provider markets worldwide (Telco, MSO, and Wireless). It makes small, low-powered solutions that can be easily placed anywhere in the network to enable multi-Gigabit connectivity with commercially available switching equipment. Tibit was formed in 2014 and is based in Petaluma, California.

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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 20 of 20
Sector (Technology Hardware) 12 of 12
Type (Add-on Acquisition) 19 of 19
State (California) 8 of 8
Country (United States) 19 of 19
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 Benu

Burlington, Massachusetts, United States

Benu has developed a portfolio of field-proven, cloud-native software solutions, including a virtual Broadband Network Gateway ((v)BNG). Its platform empowers clients to design and deliver richer, personalized broadband experiences without boundaries, all while achieving long-term network scalability. Benu was formed in 2010 and is based in Burlington, Massachusetts.

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