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Corning acquires SpiderCloud, supplier of in-building wireless

Corning announced that it has acquired SpiderCloud Wireless based in Milpitas, California, a supplier of in-building wireless solutions, on undisclosed terms.

SpiderCloud is a developer of scalable small-cell network platforms designed to deliver enhanced coverage and capacity for the delivery of wireless services inside buildings. Small cells are deployed by mobile operators and enterprises to improve network efficiency and end-user services.

Corning stated that the acquisition of SpiderCloud’s advanced solutions and established position as a provider to key wireless customers is expected to create new market access opportunities. As a part of Corning, SpiderCloud will become part of the Optical Communications segment and align with its target of increasing annual sales from $3 billion in 2016 to $5 billion by 2020.

Regarding the acquisition, Clark S. Kinlin, EVP, Corning Optical Communications, said, “Wireless connectivity has become more a necessity than an amenity, and mobile operators and enterprise customers are seeking cost-effective solutions to enhance service for users inside buildings… with the acquisition of SpiderCloud Wireless, the combined product solutions will help drive optical convergence and enable fibre-deep architectures within the enterprise LAN”.

https://www.corning.com/worldwide/en/about-us/news-events/news-releases.html

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