Cisco closes $660 mln buy of Luxtera
Cisco said Feb. 6 that it completed its $660 million buy of Luxtera Inc, an optical chip company. The deal was announced in December. Luxtera had raised about $170 million in VC funding, according to PitchBook.
SAN JOSE, Calif., Feb. 6, 2019 /PRNewswire/ — Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately-held Luxtera, Inc, a semiconductor company that uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers. Cisco plans to incorporate Luxtera’s technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets.
Cisco paid $660 million in cash and assumed equity awards for the acquisition of Luxtera.