Ciena Acquires Tibit Communications and Benu Networks
November 22, 2022
Ciena Corporation has agreed to acquire the remaining shares of Tibit Communications and has completed the acquisition of Benu Networks, strengthening its broadband access portfolio. The deals add PON hardware capabilities from Tibit and cloud-native subscriber management and vBNG software from Benu, bringing a combined team of ~60+ engineers to advance Ciena's access and edge solutions.
- Buyers
- Ciena Corporation
- Targets
- Tibit Communications, Benu Networks
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Buyout
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