Product category: Optical Transceivers, Transponders and Repeaters
News Release from: Bookham
Edited by the Electronicstalk Editorial Team on 30 September 2003
Ignis acquisition to
add datacomms dimension
Bookham Technology is set to acquire Ignis Optics, a San Jose, California based provider of optical modules for communications networks
Ignis designs and manufactures small form-factor pluggable (SFP and XFP) single-mode optical transceivers for current and next-generation optical datacomms and telecomms networks. Ignis' leading-edge transceiver design skills provide an excellent match to Bookham's position in optics and electronics design.
This article was originally published on Electronicstalk on 30 September 2003 at 8.00am (UK)
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The combined team will accelerate Bookham's move to provide a full XFP and SFP product set at multiple speeds and different reaches in order to address the majority of new datacomms optics opportunities.
This represents a new large market for Bookham with significant growth opportunities.
Under the terms of the agreement, Bookham will acquire Ignis Optics in consideration for $15.5 million in Bookham shares.
A further $1.5 million worth of shares will be issued in early 2005, should Ignis meet certain performance criteria during the 2004 fiscal year.
Giorgio Anania, Bookham's President and Chief Executive Officer, was enthusiastic about the additional opportunities that the Ignis acquisition would bring.
'Bookham is currently the number two telecomms optical components supplier worldwide, but to date we have not played significantly in the datacomms market, which is a large market opportunity for our optical knowhow and manufacturing capabilities.
With this agreement to acquire Ignis, we are signalling our intent to enter this market.
The technical team at Ignis is widely regarded as having a clear leadership in the field of next-generation pluggable optics.
We see the combination of our skill sets as further enhancing Bookham's market opportunities'.
Michael Lebby, cofounder of Ignis, echoed these comments.
'Bookham's technical strength and strong channels to market are the perfect match to ensure rapid revenue growth for Ignis' portfolio of pluggable optical transceiver modules.
Bookham's broad customer base will enhance and diversify the market exposure of our optical transceivers'.
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