C-COR agreed to acquire Optinel Systems, a developer of optical Ethernet transport solutions, for an initial cash payment of approximately $9.5 million and the assumption of certain liabilities. The deal also provides for the payment of an additional $6 million in cash if certain sales goals are met.
Optinel’s flagship PLEXiS platform combines Gigabit Ethernet transport modules with DWDM and CWDM hardware to provide cable operators with a server-to-hub transport solution for services such as VOD, HDTV, broadcast video, high-speed Internet, and cable telephony. The PLEXiS array of products provides 1, 2.5 or 10 Gbps of unidirectional or bidirectional capacity per wavelength, allowing an optimized balance between high network capacity and granular scalability. http://www.c-cor.nethttp://www.optinel.com
- Optinel Systems is based in Elkridge, Maryland. In December 2002, Optinel raised $22.4 million in second round venture funding. Investors include Court Square Ventures, Teknoinvest, Birchmere Ventures, SilverHaze Partners, Four Seasons Ventures, the Dinner Club, Isis Capital, OCG Ventures and Novak Biddle Venture Partners.
- In June 2004, C-COR.net Corp. agreed to acquire Stargus, a privately-held develop of OSS solutions, for $17 million in cash. Stargus, which is based in Andover, Massachusetts, provides network and service management solutions, including network optimization, subscriber usage reporting, and capacity planning, specifically designed for cable broadband networks. Stargus systems currently are in use managing over 5 million DOCSIS devices worldwide.
- In April 2004, 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. Lantern Communications, which is based in Sunnyvale, California, developed 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.