Cisco Snaps Up Optical Network Tech Startup For $271M

Law360, New York (February 24, 2012, 1:50 PM EST) -- Computer network equipment giant Cisco Systems Inc. will pay $271 million for privately held Lightwire Inc., a Pennsylvania business that makes transceivers capable of moving network data wirelessly using silicon-based circuits, Cisco said Friday.

Allentown, Pa.-based Lightwire, which counts New Science Ventures, Artiman Ventures, Novitas Capital and individuals among its shareholders, does not report revenue publicly. San Jose, Calif.-based Cisco said it would complete the deal for 100 percent of the business in its third quarter.

Cisco also will pay retention-based incentives to Lightwire workers, it...
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