Showing posts with label Mergers and Acquisitions. Show all posts
Showing posts with label Mergers and Acquisitions. Show all posts

Thursday, April 22, 2021

Infovista acquires Empirix, adding monitoring, assurance, analytics

Infovista has acquired Empirix, a Thoma Bravo portfolio company. Financial terms were not disclosed. As part of the operation, Thoma Bravo becomes a minority shareholder of Infovista, with Apax Partners remaining the major shareholder.

Empirix is a leader in network and service testing, performance monitoring, assurance and analytics. It serves Tier 1 CSPs and large Contact Centers of Fortune Global 500 companies. Empirix has invested heavily since 2017 to develop KLERITY, which is a cloud-native monitoring, assurance and analytics solution for 5G and IoT. Empirix is headquartered in Billerica, Massachusetts, and employs approximately 300 people worldwide.

Infovista said the acquisition extends its ability to serve CSPs globally and expands the capabilities of its cloud-native, open platform which manages the entire network lifecycle. This enables the digital transformation of CSPs and the acceleration of 5G deployments while delivering unprecedented efficiency and productivity levels in managing both 5G and legacy networks. It also enables CSPs to deploy new revenue generating services from digital services, IoT, network slicing and monetization of data and network assets.

“The union of Infovista and Empirix gives all our clients a unique opportunity to reap the benefits of 5G, IoT and private networks, and to move fast towards a software-based and cloud-native future. By bringing network lifecycle automation to a strategic level, we provide CSPs with new ways to improve their productivity, customer experience and time-to-market,” commented José Duarte, CEO of Infovista. “With this acquisition, we also increase our presence in North America and Europe to expand our global footprint and strengthen our ability to help clients accelerate their network and business transformation.”

“Telco CTOs today face a complex technology landscape with a large number of vendors. They are looking to support innovation and increase efficiency of operations through automation,” noted James Crawshaw, Principal Analyst at Omdia. “Empirix’s cloud-native assurance and analytics solutions should round out Infovista’s existing portfolio of solutions that span the network lifecycle. Better network visibility and increased automation are key to supporting the business goals of CSPs in the 5G era.”

“The industry is looking at 5G standalone and network slicing as the next major engines for business growth especially around IoT and private network opportunities. Empirix helps deliver the promise and full benefits of these exciting technologies with its cloud-native and automated customer experience assurance and analytics,” added John D’Anna, CEO of Empirix. “This is the perfect time for Empirix to join Infovista, expand the market for KLERITY and take it to the next level.”

 http://www.infovista.com

Monday, April 19, 2021

UK to examine NVIDIA’s takeover of ARM


The U.K.'s Digital Secretary, Oliver Dowden, instructed the Competition and Markets Authority (CMA) to begin an investigation into the proposed sale of ARM to NVIDIA.

ARM, which is headquartered in Cambridge, is a major global player in the semiconductor industry. 

Digital Secretary Oliver Dowden states: “Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds.

“As a next step and to help me gather the relevant information, the UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions.

“We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this.”


Thursday, April 8, 2021

Axiata and Telenor seek to build a new Malaysian Digital Champion

Axiata Group and Telenor Asia are planning to merge the telco operations of Celcom Axiata Berhad (Celcom) and Digi.com Berhad (Digi) into a new Malaysian Digital Champion.

The partners will have equal ownership in the venture estimated at 33.1 percent each. Axiata together with Malaysian institutional funds will own over 51% of the merged company, which will be considered a leading telecommunications service provider in Malaysia in terms of value, revenue and profit, with proforma revenue of about RM12.4 billion, pre-synergy EBITDA of the combined entity at approximately RM5.7 billion, and an estimated 19 million customers. The new company will be named Celcom Digi Berhad and will continue to be listed on Bursa Malaysia.

Chairman of the Axiata Board, Tan Sri Ghazzali Sheikh Abdul Khalid, said: “We are exceedingly pleased to have come this far in discussing the potential merger of our Malaysian operations. The joint creation of a true Malaysian Champion, this merger of Celcom and Digi will see the coming together of the largest mobile operator with the firepower to trigger tremendous opportunities in helping Malaysia leapfrog into the Fourth Industrial Revolution and fulfil our vision of a digitised nation.”

“As Malaysia charges ahead in new areas of 5G, cybersecurity, Artificial Intelligence and Internet-of-Things, the new entity will be positioned to compete amidst uncertainties and challenges in the post-pandemic world. As we face fierce competition from global internet based services and content providers, our stronger strategic position will allow for better negotiation levers in how we choose to compete and cooperate.”

Axiata’s President & Group Chief Executive Officer, Dato’ Izzaddin Idris, said: “It is no secret that the telecommunications industry continues to face long-term structural headwinds of slower growth, increased operating costs and lower profits. On one hand, we see prices of products and services continue to slide while capital expenditure especially on network, quality coverage and advanced technology continue to rise. Against that, data traffic has doubled every year pre-Covid and expected to accelerate even faster in the new norm. Digital aspirations and the ever-increasing demand for connectivity call for significant investments. In order to stay ahead of the curve, we must strengthen the foundation to offer continuous high-quality broadband, improve 4G connectivity and subsequently, support the acceleration of 5G rollout.”

https://www.axiata.com/investors/ir-presentations/

Wednesday, March 24, 2021

II-VI maintains its existing bid for Coherent, Inc.

II-VI is maintaining its current proposal to acquire Coherent, which will expire at Noon Pacific Time on Thursday, March 25, 2021.  II-VI believes its proposal would create significant value for the shareholders of both companies and remains superior to Lumentum’s latest proposal.


Under the terms of the II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock for the period ending March 16, 2021, the day prior to the date II-VI submitted its current proposal.

https://ii-vi.com/ii-vi-incorporated-maintains-its-current-proposal-for-coherent/

Lumentum again raises bid for Coherent Inc.

On March 22, Lumentum increased its bid to acquire Coherent.Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.Lumentum intends to finance the cash portion of the transaction through a combination of...

II-VI again raises its bid for Coherent

II-VI increased its offer to acquire Coherent Inc. to top the revised proposal from Lumentum on March 17th.Under the terms of the revised II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock, ending March 16, 2021. II-VI continues to expect...


Tuesday, March 23, 2021

Lumentum again raises bid for Coherent Inc.

On March 22, Lumentum increased its bid to acquire Coherent.

Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.

Lumentum intends to finance the cash portion of the transaction through a combination of cash on hand from the combined company's balance sheet, $3.25 billion in new debt financing from a fully committed Term Loan B and the previously announced $1 billion equity investment from Silver Lake.

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-revised-proposal-coherent-2



Thursday, March 18, 2021

VMware to acquire Mesh7

VMware agreed to acquire Mesh7, a start-up that developed a contextual API behavior security solution based on Envoy. Financial terms were not disclosed.

VMware said the Mesh7 technology will bring visibility, discovery, and better security to APIs.

Envoy, which is a platform for next-generation security services, offers an open-source Layer 7 proxy designed for large modern service-oriented architectures. Envoy is a foundational component of Tanzu Service Mesh, which provides consistent connectivity and security for microservices across Kubernetes clusters and clouds. Tanzu Service Mesh controls the communication between thousands of application components, enforces security policy and measures performance and other critical functions, regardless of the underlying infrastructure.

Mesh7 is based in Sunnyvale, California.

Wednesday, March 17, 2021

Lumentum again raises its bid for Coherent to $6.9 billion

Lumentum Holdings delivered a higher acquisition offer to Coherent's Board of Directors. The new cash and stock offer is valued at $6.9 billion. 

Under the terms of the revised proposal, Coherent stockholders would receive $220.00 per share in cash and 0.6100 shares of Lumentum common stock for each Coherent share they own. Using Lumentum's closing stock price as of March 16, 2021, this equates to a consideration of $275.00 per Coherent share. As part of Lumentum's revised proposal, Silver Lake, the global leader in technology investing, will make a $1 billion equity investment in the combined company.

"Our Board of Directors remains steadfast in our belief that the combination of Lumentum and Coherent will create a diversified industry leader best positioned to accelerate the future of photonics," said Alan Lowe, Lumentum President and CEO. "Based on additional work, we are confident that we can meaningfully exceed our prior synergy estimates and have identified an estimated $219 million to $244 million of annual run-rate synergies. We are pleased to now pursue this combination with the support of Silver Lake, whose investment is a compelling indicator of the power of this transformative opportunity. We look forward to combining the talented teams at Coherent and Lumentum at a time when global markets are increasingly relying on photonics products and technologies."


"We are very familiar with Lumentum and Coherent and have a clear line of sight into the unique breadth of opportunity created by this combination," said Ken Hao, Chairman and Managing Partner, Silver Lake. "We believe strongly in the potential of the increased scale, expanded portfolio, and bolstered capabilities of the proposed combination and look forward to supporting Alan and the management team as investors and a member of the Board."

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-revised-proposal-coherent-0

Coherent receives a higher offer from II-VI

On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum.  Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​

Coherent said it has notifed Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021.

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Tuesday, March 16, 2021

Qualcomm completes $1.4 billion acquisition of NUVIA

Qualcomm completed its previously announced acquisition of NUVIA for $1.4 billion before working capital and other adjustments.

“The world-class NUVIA team enhances our CPU roadmap, extending Qualcomm’s leading technology position with the Windows, Android and Chrome ecosystems,” said Cristiano Amon, President and CEO-Elect, Qualcomm Incorporated. “The broad support of this acquisition from across industries validates the opportunity we have to provide differentiated products with leading CPU performance and power efficiency, as on-demand computing increases in the 5G era.”

Qualcomm Technologies expects to integrate next generation CPUs across a wide portfolio of products, including powering flagship smartphones, laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality, and infrastructure networking solutions. The first Qualcomm Snapdragon platforms to feature the new internally designed CPUs are expected to sample in the second half of 2022 and will be designed for high performance ultraportable laptops.  

“We are excited to join the leading wireless innovator in the industry, driven by a common mission of inventing breakthrough technologies. Together, we will create a new class of high-performance computing platforms that set the bar for the industry,” said Gerard Williams former CEO of NUVIA, who now is SVP of Engineering at Qualcomm Technologies.

https://www.qualcomm.com/news/releases/2021/03/16/qualcomm-completes-acquisition-nuvia

  • In September 2020, NUVIA, which is headquartered in Santa Clara, California, announced a $240 million funding round led by Mithril Capital in partnership with Sehat Sutardja and Weili Dai (founders of Marvell Technology Group), funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC., and Temasek, with additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital. The closure of NUVIA’s Series B round builds on a $53M Series A round, raised in November 2019. 
  •  NUVIA was founded in February 2019 by John Bruno, Manu Gulati and Gerard Williams, with the vision to create the world’s leading server processor in terms of performance per watt.

Monday, March 15, 2021

Rogers + Shaw merger to reshape Canadian market

Rogers Communications agreed to acquire Shaw Communications in a $26 billion deal that could reshape the Canadian communications market. Under the transaction, Rogers will acquire all of Shaw’s Class A and Class B shares for $40.50 per share, reflecting a ~70% premium to Shaw’s Class B share price.

The merger will create Canada’s most robust wholly-owned national network and accelerate the deployment of 5G. Once the transaction is complete, the companies plan to invest $2.5 billion in 5G networks across Western Canada, which is expected to create up to 3,000 net new jobs. The deal brings together Shaw’s fibre-to-home, WiFi and wireless networks with Roger's national wireless network and 5G capabilities.

Both Rogers and Shaw began as family operated businesses.

Rogers will also commit to establishing a new $1 billion Rogers Rural and Indigenous Connectivity Fund to connect rural, remote and Indigenous communities across Western Canada to high-speed Internet and closing critical connectivity gaps faster for underserved areas. 

Joe Natale, President and CEO of Rogers Communications, states: “We are proud to join forces with the Shaw family and team as we combine our companies and our 10,000 team members across Alberta, British Columbia, Manitoba, and Saskatchewan, supported by a head office in Calgary. Western Canada is a major driver of our national economy and together we will have the scale, expertise and commitment to deliver the technology infrastructure needed to keep local communities connected, businesses competitive and attract new investment. We’re at a critical inflection point where generational investments are needed to make Canada-wide 5G a reality. 5G is about nation-building; it’s vital to boosting productivity and will help close the connectivity gap faster in rural, remote and Indigenous communities."

Friday, March 12, 2021

Coherent receives a higher offer from II-VI

On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum.  Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​

Coherent said it has notifed Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021.

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Tuesday, March 9, 2021

Zayo to acquire Intelligent Fiber Network in Indiana

Zayo Group Holdings agreed to acquire Intelligent Fiber Network (IFN) which provides fiber-based connectivity solutions to over 400 customers, operates a 5,000 route-mile network across multiple markets in Indiana, including Indianapolis, Fort Wayne, Columbus, Terre Haute and South Bend.


“IFN brings to Zayo another unique and dense regional fiber network and a dedicated local team that excels in serving its customer base,” said Matt Steinfort, chief financial officer, Zayo. “This team, the additional network assets and the nearly 1,000 incremental on-net buildings will aid our efforts to accelerate growth as we look to capitalize on the enterprise opportunity within our network reach.”

“The combination of IFN and Zayo will enable significantly enhanced reach and value to our customers and our legacy owners,” said Jim Turner, chief executive officer, IFN. “Together, the combined companies will help drive investment and growth in Indiana’s communications infrastructure and advance the ubiquity of high speed connectivity throughout the state.”

Monday, March 8, 2021

Coherent says II-VI merger proposal is superior to Lumentum's

Coherent's board of directors notified Lumentum that it has received from a superior acquisition proposal from II-VI Incorporated. 

Under the terms of II-VI's revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0981 shares of II-VI common stock at the completion of the transaction. 

Coherent has notifed Lumentum that it intends to terminate their merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 11, 2021 that the Coherent board determines to be at least as favorable to Coherent's stockholders from a financial point of view as II-VI's revised proposal, after taking into account all aspects of any such proposal Coherent may receive from Lumentum.

Lumentum has notified Coherent of its intention to review the II-VI proposal under consideration of its matching rights as defined in the definitive merger agreement. 

Under the terms of the definitive merger agreement, Coherent would be required to pay a $217.6 million termination fee to Lumentum if Coherent terminates the definitive agreement in order to enter into an agreement with II-VI.

II-VI outbids Lumentum in competition to acquire Coherent

 II-VI made an offer to acquire Coherent, a global laser technology leader, in a cash and stock transaction priced at $260.00 per Coherent share (Coherent’s shareholders would receive $130.00 in cash and 1.3055 II-VI common shares for each Coherent share), based on the company closing stock price on February 11th.II-VI’s proposal represents a premium of 24.0% to the implied value of Coherent’s merger agreement with Lumentum, based on Lumentum’s...

Lumentum to acquire Coherent for its photonics and laser expertise

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Thursday, March 4, 2021

Video: Charlie Vogt discusses acquisition of RIFT.io

Charlie Vogt, President and CEO of DZS, talks about the network orchestration and software automation capabilities gained through the acquisition of RIFT, a start-up based in Chelmsford, MA.

RIFT.ware is an ETSI-compliant NFV MANO solution and commercial distribution of ETSI Open Source MANO (OSM) that radically simplifies the deployment of multi-vendor VNFs and orchestration of complex, multi-vendor network services in carrier and enterprise clouds. 


https://youtu.be/WCCHM6GtyDA

The capabilities will enhance DZS mobile transport, broadband access and connected premises solutions by enabling the development and deployment of end-to-end services, networking and applications – including OpenRAN or vRAN VNFs and CNFs, 5G network slicing, FTTx network orchestration, enterprise oriented universal customer premises equipment (uCPE) or SD-WAN solutions.

Download the 2021 Telco Infrastructure Report here: http://ngi.how/telco-2021

Monday, February 22, 2021

Keysight acquires Sanjole for wireless protocol decoding

Keysight Technologies has acquired Sanjole, a privately-held company offering protocol decoding and interoperability of 4G, 5G and other wireless technologies. Financial terms were not disclosed.

Sanjole provides problem solving capabilities from inside the wireless network through over the air analysis tools that provide visibility into events spanning multiple layers of the protocol stack. The company has worked extensively with the 3GPP community. Sanjole is based in Honolulu, Hawaii.

“As the 5G ecosystem and deployments scale, Keysight remains committed to enabling customers with end-to-end design and test solutions. We are happy to announce the addition of Sanjole to our portfolio, providing unique capabilities for solving complex interoperability challenges,” said Satish Dhanasekaran, Keysight chief operating officer. “The talented Sanjole team will be a valuable addition to Keysight, and will further our mission to accelerate innovation to connect and secure the world.”

https://www.sanjole.com/


Wednesday, February 17, 2021

Ribbon to sell its QualiTech testing division to Hermon Labs

Hermon Laboratories, a leading provider of testing, measurement and certification services, will acquire the testing and standardization business conducted by Ribbon's QualiTech division. Financial terms were not disclosed.


QualiTech operates as an independent division of former ECI Telecom (now part of Ribbon), providing high-quality testing and standardization laboratory services supporting both the company's product development activities and external customers. Under the agreement, Hermon Laboratories will continue to provide testing and standardization services to Ribbon anchored by the strong team of QualiTech employees, who are expected to transfer to Hermon Laboratories.

"The sale of the QualiTech business aligns with our strategy of increasing our focus on our core IP Optical Networks and Cloud and Edge businesses," said Bruce McClelland, President and CEO of Ribbon. "The agreement allows Ribbon to maintain the high level of testing and standardization services provided by the same dedicated professionals that have been delivering these services for years. They will simply be transferring to the Hermon Laboratories team."

Tuesday, February 16, 2021

Palo Alto Networks to acquire Bridgecrew

Palo Alto Networks agreed to acquire Bridgecrew, a developer-first cloud security company, for approximately $156 million in cash. 

Bridgecrew, which is based in San Francisco, is a pioneer in shift left, focusing on infrastructure as code (IaC), where infrastructure configuration is codified during development. The company’s developer-first IaC security platform offers developers and DevOps teams a systematic way to enforce infrastructure security standards throughout the development lifecycle. The proposed acquisition will enable Prisma Cloud to provide developers with security assessment and enforcement capabilities throughout the DevOps process.

Bridgecrew’s open-source IaC scanner, Checkov, has gained significant early traction with developers, surpassing 1 million downloads in 2020 — its first full year of availability. 

"Shift left security is a must-have in any cloud security platform. Developers don’t want to wait until runtime to find out their security is not working, and the CISO charged with protecting the entire organization certainly values higher security from fixing issues earlier in the development lifecycle. We are thrilled to welcome Bridgecrew, and their widely adopted and trusted developer security platform, to Palo Alto Networks. When combined, Prisma Cloud customers will benefit from having security embedded in the very foundation of their cloud infrastructure," says Nikesh Arora, chairman and CEO of Palo Alto Networks.


Monday, February 8, 2021

Renesas to acquire Dialog for EUR 4.9B for mixed-signal ICs

Renesas Electronics agreed to acquire Dialog Semiconductor Plc for EUR 4.9 billion (approximately 615.7 billion yen). 

Dialog, which is based in Reading, UK, is provider of highly-integrated and power-efficient mixed-signal ICs used in IoT, consumer electronics and high-growth segments of automotive and industrial end-markets. Dialog brings a wide range of product offerings including battery and power management, power conversion, configurable mixed-signal (CMIC), LED drivers, custom mixed-signal ICs (ASICs), and automotive power management ICs (PMICs), wireless charging technology, and more. Dialog also offers broad and differentiated BLE, WiFi and audio system-on-chips (SoCs) that deliver advanced connectivity for a wide range of applications; from smart home/building automation, wearables, to connected medical. All these systems complement and expand Renesas’ leadership portfolio in delivering comprehensive solutions to improve performance and efficiency in high-computing electronic systems. Dialog was founded in 1981 and has 2,300 employees.

“The transaction we announced today represents our next important step in catapulting Renesas’ growth plan to achieve substantial strategic and financial benefits, following our previous acquisitions,” said Hidetoshi Shibata, President and CEO of Renesas. “Dialog has a strong culture of innovation along with excellent customer relationships and serves fast growing areas including IoT, industrial and automotive. By bringing Dialog’s talented team and expertise into Renesas, together, we will accelerate innovation for customers and create sustainable value for our shareholders.”

“For several years, we have successfully executed on a diversification strategy that positions Dialog for high-growth,” said Dr. Jalal Bagherli, CEO of Dialog. “We have built a strong foundation of high-performance analog and power efficient mixed-signal expertise, extended our product portfolio and applied our technologies into markets including 5G, wearables, automotive, smart home, connected medical and industrial IoT. This compelling platform – combined with Renesas’ leading embedded compute, analog and power portfolio – creates even greater growth opportunities in today’s increasingly connected world. The Dialog team is excited to join forces with Renesas. The combined company will be in an even stronger position to provide innovative products for these markets, building on Renesas’ extensive sales, distribution and customer support capabilities.”


https://www.renesas.com/br/en/document/ppt/renesas-and-dialog-zoom-webinar-presentation-material

Renesas to acquire Integrated Device Technology for $6.7 billion

Renesas Electronics Corporation of Japan has agreed to acquire Integrated Device Technology (IDT, NASDAQ: IDTI) for approximately US$6.7 billion (approximately 733.0 billion yen at an exchange rate of 110 yen to the dollar), combing two recognized leaders in embedded processors and analog mixed-signal semiconductors. IDT shares are to be acquired at a price of US$49.00 per share. IDT, which is based in San Jose, California, is a leading supplier...

Renesas Electronics Corporation agreed to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar). Renesas supplies microcontroller (MCU) and system-on-chip (SoC) products and technologies.  Intersil specializes in power management and precision analog capabilities. The acquisition is also expected...

Wednesday, January 27, 2021

Juniper completes Apstra acquisition

Juniper Networks completed its previously-announced acquisition of Apstra, a leader in intent-based networking and automated closed-loop assurance. 

The Apstra team is now part of Juniper’s Data Center business and Apstra CEO and co-founder, David Cheriton, joins Juniper as Chief Data Center Scientist.

“The Apstra acquisition is a significant milestone for our business that reinforces our commitment to transforming data center operations. Apstra’s focus on intent-based networking, closed-loop automation and fabric assurance is a perfect complement to Juniper’s award-winning hardware and software. Together, we can drive lasting customer value from design to deployment (Day 0 and 1) through everyday operations and assurance (Day 2 and beyond)," states Mike Bushong, Vice President of Data Center Product Management, Juniper Networks.

https://newsroom.juniper.net/news/news-details/2021/Juniper-Networks-Announces-Close-of-Apstra-Acquisition/default.aspx

Juniper to acquire Apstra for Intent-Based networking and assurance

Juniper Networks agreed to acquire Apstra, a start-up based in Menlo Park, California offering intent-based networking and automated closed loop assurance solutions. Financial terms were not disclosed.

Apstra offers an intent-based network operating system for simplifying the management of data center networks. Intent-Based Networking (IBN) is a closed-loop, continuous validation approach to designing, deploying and managing infrastructure. Apstra automatically generates and deploys full configuration of all devices based on a service description, and continuously provides assurance checks between the intended and operational state. Apstra’s multivendor integrations extend its closed loop automation and analytics to customers independently of their underlying infrastructure, including those running SONiC (Software for Open Networking in the Cloud). 

Juniper said the acquisition expands its commitment to open programmability, adding to its portfolio of solutions that includes powerful switching platforms with native SONiC integration and a deployment-hardened, cloud-native routing stack for the SONiC ecosystem.

Wednesday, January 20, 2021

DZS acquires Optelian for optical transport solutions

DZS, formerly DASAN Zhone Solutions, agreed to acquire Optelian, a leading optical networking solution provider based in Ottawa. Financial terms were not disclosed.

Optelian's solutions range from simple, easily deployed D/CWDM passive-optical devices to complex networks with multi-degree ROADMs. The Optelian solutions have completed the Telcordia OSMINE certification process required for deployment by Tier 1 service providers in North America The company was founded in 2002.

DZS said the Optelian portfolio will form a new DZS “O-series” product line that will enhance the DZS Mobile Transport portfolio with environmentally hardened optical transport products optimized for mobile backhaul. Optelian’s optical transport solutions will complement DZS’s market-leading 4G / 5G xHaul Mobile Transport portfolio that are currently deployed in five Tier 1 mobile networks. The new line-up of optical transport products will also add metro and regional aggregation and transport options for Broadband Access solutions. In addition to intellectual property and products, the transaction will bolster DZS R&D, operations, sales and corporate functions.

“After joining DZS in August of 2020, we established a playbook that began with the best talent, and quickly transitioned to technology, innovation and marquee customers around the world,” said Charlie Vogt, CEO of DZS. “The acquisition of Optelian will uniquely distinguish us from the traditional Edge Access Mobile and Broadband suppliers and accelerate our path forward with Tier 1 service providers in North America. I am pleased at the prospect of welcoming the Optelian employees to DZS, a team that will bring unique North America development and integration experience in the areas of ultra-high speed coherent optics and environmentally hardened transport solutions.”

"Optelian is thrilled by the prospect of becoming part of a global leader like DZS, and feel that our innovative products and employees will be a great complement to their winning culture and world-class solutions,” said David Weymouth, CEO of Optelian. ”Our customers will clearly benefit from the inclusion of our products in a much broader solutions portfolio that includes complementary Mobile Transport and Broadband Access technologies, as well as Customer Premises equipment. We believe that the vision and direction that Charlie and team have established for DZS is poised to make waves in the industry, and it will be exciting to now be a catalyst to that growth and transformation.”   

https://dzsi.com/

  • DZS, which is headquartered in Plano, Texas, announced a major rebranding in August 2020. Additionally, the company outlined its going forward vision and strategy under the direction of newly appointed President and CEO Charlie Vogt, and unveiled a new DZS logo. The new DZS management team includes: 
  • Tom Cancro, Chief Financial Officer – former GE and Verizon 
  • Andrew Bender, Chief Technology Officer – former VMWare, Hewlett Packard, NEC 
  • Daniel Won, Chief Product Officer – former DASAN Networks, LG and Cisco 
  • Jay Hilbert, EVP, Americas, Europe, Middle East/Africa (AEMEA) Sales – former Nokia, Commscope, Cambium and Rignet 
  • Bill Ko, EVP, Asia Sales – former Active Video, ARRIS Group 
  • Geoff Burke, Chief Marketing Officer – former Calix, Motorola/Next Level and Broadband Forum 
  • Keith Nauman, SVP of Global Services – former AT&T

Optelian intros disaggregated optical transport platform

Optelian today introduced its DA (Deploy Anywhere) Series of multi-service, compact and hardened (OSP-compliant) platforms for multi-haul transport upgrades, remote business services access and fiber deep architectures.

Optelian’s first DA Series member, the TMX-4400, is a DWDM transport solution for anyhaul deployment of hardened 100/200/400 GbE or OTU services. It interfaces a 100G to 400G QSFP28/DD on the client side and a CFP2-DCO on the line side with software programmable DWDM modulation supporting operation from 100G to 400G, including openZR+, CableLabs® and openROADM standards.

Optelian said its hardened platform is capable of being deployed in harsh environments where a temperature controlled shelter or facility does not exist, while still providing next generation multi-service capability anywhere from 1G to 1.6T.

“Demand continues to grow for flexible, high-bit-rate, compact and disaggregated transport equipment. We are excited to roll out both the TMS-1190 platform and its family of OSP-capable 100G to 800G multi-rate transponders – each providing reliability, flexibility and extended operating temperature in a compact form factor,” said Scott Agnew, CTO, Optelian. “This platform promises to improve overall cost per bit in any deployment environment without sacrificing optical transport performance parameters.”


Tuesday, January 19, 2021

Lumentum to acquire Coherent for its photonics and laser expertise

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value represents a premium of 49% to Coherent's closing price on January 15, 2021.

Coherent, which was founded in 1966 and is based in Santa Clara, California, is a leading supplier of photonics and lasers used in the microelectronics, precision manufacturing, instrumentation, and aerospace & defense markets. For its most recent fiscal quarter ended January 2, 2021, Coherent has announced preliminary revenue in the range of $325 - $327 million.

Lumentum, which is based in San Jose, California, is a leading supplier of photonic solutions for the Telecom, Datacom, and 3D Sensing markets.

Lumentum said the acquisition of Coherent accelerates its penetration of the more than $10 billion market for lasers and photonics outside of the communications and 3D sensing applications. Lumentum also expects photonics "to play an increasing role in the accelerating shift to increasingly digital and virtual approaches to work and daily life, addressing climate change, new approaches to health care and monitoring, and addressing new safety and security." The combined company is expected to generate more than $150 million in annual run-rate synergies within 24 months of the closing of the transaction.

"Today's announcement is an important advancement of Lumentum's strategy," said Alan Lowe, Lumentum President and CEO. "In our five years as a standalone public company, we have focused on developing the most innovative products and technology in our industry and partnering with market leading customers to help them compete and win in their markets. As we look ahead, we are thrilled to join forces with Coherent to create one of the world's largest and most diverse photonics technology companies with leading positions in the growing market for photonics. Coherent brings one of the most recognizable and respected brands in the photonics industry and a very talented and innovative team. By increasing our scale, expanding our portfolio, and bolstering our R&D capabilities at a time when global markets are increasingly relying on photonics products and technologies, we are confident in our combined ability to pursue exciting new growth opportunities.

"We are excited about the combination of Lumentum and Coherent, two iconic brands in their respective photonics markets. We anticipate the combined complementary product portfolio, breadth of customer application knowledge, and R&D capabilities, all based on photonics, will accelerate innovation and adoption of photonics across the many markets that we serve," said Andy Mattes, Coherent President and CEO. "We are excited to bring Coherent's strength in OLED display manufacturing, semiconductor wafer inspection and life science instrumentation to Lumentum's portfolio, to name but a few of the key applications we serve, and believe Lumentum's expertise and scale in world class photonics components and systems will accelerate Coherent's vertical integration and addressable market expansion in several high growth areas, such as directed energy in defense and precision battery welding in automotive."

Lumentum also announced preliminary results for its fiscal second quarter of 2021 ended December 26, 2020. The company expects net revenue of approximately $478.8 million; GAAP operating margin in the range of 22.6% to 24.1%; and GAAP diluted net income per share in the range of $0.98 to $1.06.

http://investor.lumentum.com

Lumentum completes acquisition of Oclaro

As expected, Lumentum closed its acquisition of Oclaro and trading in Oclaro common stock on the NASDAQ Stock Market has ceased. Under the terms of the merger agreement, Oclaro stockholders received $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement. Lumentum financed the cash portion of the transaction consideration with cash...

Lumentum to acquire Oclaro for $1.8 billion

Lumentum agreed to acquire Oclaro for approximately $1.8 billion in cash and stock. Under the deal, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro stock, representing a premium of 27% to Oclaro's closing price on March 9, 2018 and a premium of 40% to Oclaro's 30 day average closing price.  Oclaro stockholders are expected to own approximately 16% of the combined...