Oclaro Buys Mintera Corp
Oclaro Inc. (NASDAQ: OCLR) has agreed to acquire Mintera Corp., an Acton, Mass.-based provider of high bit-rate optical transport systems. The deal is valued at upwards of $32 million, including a $12 million up-front payment. Mintera had raised more than $73 million in VC funding since 2000, but VentureWire reports that a recent recap left just three primary shareholders: Court Square Ventures, RRE Ventures and Star Ventures.
22 July 2010•4 mins read
