Ciena acquires Tibit Communications & Benu Networks | Wbactive

Ciena announced it has entered into an agreement to acquire Tibit Communications, a privately held company headquartered in Petaluma, California, and Benu Networks, a privately held company headquartered in Burlington, Massachusetts.

Tibit and Benu are focused on simplifying broadband access networks through next-generation PON technologies and advanced subscriber management, respectively.

Individually and collectively, Tibit and Benu will complement Ciena’s existing portfolio of solutions for broadband access use cases, including residential broadband, enterprise services and fixed line wireless access, which represent a significant addressable market for Ciena. In addition, the acquisitions will enhance Ciena’s expertise in these areas by adding more than 60 talented engineers with significant experience in access technologies.


Tibit communication

Tibit combines PON-specific hardware and operating systems into a micro-pluggable transceiver that can be easily integrated into a carrier-grade Ethernet switch. Unlike the closed and proprietary approaches of traditional OLT (Optical Line Terminal) vendors, Tibit’s open microplug OLT technology enables rapid PON deployment in any environment.

The acquisition will enable Ciena to build on its market position and accelerate its time to market, particularly with next-generation, more vertically integrated PON solutions that support residential, enterprise and mobility use cases, including 10G XGS-PON with trajectories of 25G and higher PON in the future.

Ciena and Tibit have a strong existing relationship. Ciena has been an investor in Tibit since the first round of funding in 2016 and is currently Tibit’s largest shareholder. Ciena is also Tibit’s largest customer and successfully leverages Tibit’s products and technologies across its portfolio of broadband access solutions.

Under the terms of the agreement, Ciena will acquire the remaining shares of Tibit it does not already own in a cashless, debt-free transaction currently valued at approximately $210 million, with the purchase price for the merger being paid in cash. In addition, Ciena will enter into certain retention agreements in connection with the transaction. The Tibit transaction has been approved by the boards of directors of both companies as well as Tibit’s shareholders. The transaction is expected to close during Ciena’s first fiscal quarter 2023, subject to customary closing conditions.

benu networks

Benu has developed a portfolio of field-proven, cloud-native software solutions, including a Virtual Broadband Network Gateway ((v)BNG), which greatly complements Ciena’s existing portfolio of broadband access solutions. Benu will enable Ciena to provide a single solution that integrates routing, OLT, subscriber management and network services, reducing both capital and operational costs and improving sustainability for our customers.

Scott McFeely, senior vice president, global products and services, Ciena
The acquisitions of Tibit Communications and Benu Networks will expand our ability to support customers’ next-generation metro and edge strategies as service providers worldwide accelerate investments to modernize their networks and improve connectivity at the network edge. Tibit’s high-speed PON technologies and Benu’s subscriber management products, combined with Ciena’s current access and edge portfolio, will enable us to offer broader, more complete, and fully integrated broadband access solutions that combine routing, subscriber management, and PON features and functionality combine.

Ajay Manuja, CEO of Benu Networks
Ciena and Benu have had successful collaborations in the marketplace, including an award-winning joint proof of concept (POC) with other residential broadband ecosystem providers, as well as actively working on customer trials and POCs worldwide. As part of Ciena, we will be in a stronger position to continue expanding market reach and evolving our software solutions.

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