Ciena to acquire Tibit Communications for $210m.

Ciena, a networking systems, services and software company, agreed to acquire Tibit Communications, a disruptive technology company that will fundamentally change the way broadband access, for $210m. “The acquisitions of Tibit Communications and Benu Networks will extend our ability to support customers’ next-generation metro and edge strategies as service providers globally accelerate investments to modernize their networks and improve connectivity at the network edge. Tibit’s high-speed PON technologies and Benu’s subscriber management products, combined with Ciena’s current access and edge portfolio, will enable us to offer broader, more complete, and fully integrated broadband access solutions that combine routing, subscriber management, and PON features and functionality,” Scott McFeely, Ciena Senior Vice President of Global Products and Services.