Cisco Buying CoreOptics

Cisco has agreed to acquire CoreOptics, a San Jose, Calif.-based maker of optical networking subsystems, for approximately $99 million in cash. CoreOptics had raised more than $90 million in VC funding from T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures and Quest for Growth.

21 May 2010•2 mins read
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