Summary
Ciena Corporation (CIEN) announced on September 5, 2018, that it has entered into a definitive agreement to acquire DonRiver Holdings, LLC. DonRiver is a privately-held company specializing in federated network and service inventory management solutions within the service provider's Operational Support Systems (OSS) environment. This acquisition is a strategic move by Ciena to enhance its software capabilities, particularly in the complex area of network and service inventory management, which is critical for service providers managing their networks. The transaction is expected to close in Ciena's fiscal fourth quarter of 2018, subject to standard closing conditions. Investors should monitor the integration of DonRiver's technology and its impact on Ciena's software and services portfolio.
Key Highlights
- 1Ciena Corporation entered into a definitive agreement to acquire DonRiver Holdings, LLC.
- 2DonRiver Holdings, LLC is a privately-held company.
- 3DonRiver specializes in federated network and service inventory management solutions.
- 4The acquisition targets the service provider Operational Support Systems (OSS) environment.
- 5The transaction is expected to close in Ciena's fiscal fourth quarter of 2018.
- 6The acquisition is subject to customary closing conditions.
- 7The announcement was made via a press release filed on September 5, 2018.