Wednesday, September 26, 2007

Occam to Acquire Assets of Terawave -- GPON

Occam Networks agreed to acquire certain assets and to assume certain liabilities of Terawave Communications, an early developer of fiber to the business and fiber to the home technology. The transaction is expected to include:

  • FSAN ITU G.984 GPON interoperable technology,

  • Technology focused on GPON physical interfaces,

  • Products and technology directed towards Metro Ethernet, and

  • Technology license agreements to two leading silicon manufacturers: Ikanos Communications, Inc. and Mindspeed Technologies

Occam will pay Terawave $3.4 million in cash, forgive bridge financing of up to approximately $1.9 million and assume certain liabilities and purchase commitments.

Following the closing of the acquisition, Occam also intends to make employment offers to certain employees of Terawave , including members of Terawave's team of optical development and systems engineers, who have broad experience in fiber network products and deployments.

See also