C-COR.net announced plans to acquire all of the assets of Lantern Communications, a start-up developing metro optical packet-based transport solutions. Financial terms were not disclosed. C-COR anticipates that in fiscal year 2005 the Lantern acquisition will add approximately $20 million in net sales and contribute to earnings.
Lantern Communications, which is based in Sunnyvale, California, offers a Metro Packet Switch (MSP) system that incorporates advanced bandwidth management and QoS techniques to enable the delivery of deterministic services over an all packet edge infrastructure. The platform supports both 2.5 Gbps and 10 Gbps ring topologies. It also features an Ethernet VLAN stacking capability that enables a service provider to tunnel a customer’s VLANs across the wide area, preserving the integrity of the customer’s Ethernet traffic. Lantern was a founding member of the Resilient Packet Ring (RPR) Alliance. C-COR said it expects to use the platform as the foundation for a new generation of C-COR’s digital video transport product line.
C-COR is a provider of optical, digital video transport, and RF telecommunication products; end-to-end fiber-to-the-premise systems; operation support software solutions; and high-end technical field services.
Separately, C-COR announced that its quarterly net sales will be between $58 and $58.5 million. The company also anticipates that diluted earnings per share will be somewhat higher than its previous guidance of $0.06 to $0.08. http://www.c-cor.nethttp://www.lanterncom.com
- Lantern Communications was founded in early 1999 by Nasser Hiekali, a co-founder of CellAccess Technology, an ATM company acquired by FORE Systems in 1995; and Nader Vijeh, formerly a Director of Engineering and Principal Architect at FORE Systems.
