Investment Summary

Lone Rock Technology Group Exits Packet Design

On May 31, 2018, Ciena invested in software company Packet Design from Lone Rock Technology Group

Investment Highlights
  • This is Ciena’s 2nd transaction in the Software sector.
  • This is Ciena’s 14th transaction in the United States.
  • This is Ciena’s 7th transaction in California.

Investment Summary

Date 2018-05-31
Target Packet Design
Sector Software
Investor(s) Ciena
Sellers(s) Lone Rock Technology Group
Deal Type Add-on Acquisition

Target

Packet Design

Santa Clara, California, United States
Packet Design is a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics.

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Investor(S) 1

Investor

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 15 of 21
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 15 of 20
State: California M&A 7 of 8
Country: United States M&A 14 of 20
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Cyan

Petaluma,, California, United States

Cyan, Inc. is a provider of next-generation software and platforms to enable open, agile and scalable software-defined networks.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 DonRiver

Dallas, Texas, United States

DonRiver, Inc. is a software and services company specializing in federated network and service inventory management solutions within the service provider Operational Support Systems (OSS) environment. DonRiver, Inc. was founded in 2007 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Lone Rock Technology Group

Austin, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Lone Rock Technology Group is a private equity firm focused on the enterprise software sector. The Firm targets established companies with $5 to $100 million in revenue exhibiting flat growth, diversified customers, and with an established market presence. Lone Rock Technology Group was formed in 2011 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-19 Packet Design

Santa Clara, California, United States

Packet Design is a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics.

Buy -