A couple of years old a Ciena VP asked my opinion about Cyan. The question was posed because Cyan had an innovative user interface to their management system that created some buzz in the industry. They didn't build, it was outsourced. Did Cyan design the requirements or did the outsourcer come up with the design - It's an unknown to me. Back then, Cyan was getting market penetration with small, regional telecom operators, but no major customers. I said it's someone to watch, but not worry too much about. The Ciena VP shock his head in agreement.
Then in March 2015, CenturyLink selects Cyan. Not exactly a Tier 1 operator, but big enough to get noticed. Ciena noticed enough to acquire. Cyan was doing about $100 million in sales for the last 2 years and unprofitable. 4x revenue seems like a good deal for Cyan.
It is reminiscent of when Ciena acquired WorldWide Packet about 10 years when they got into AT&T.
The deal is subject to certain approvals of Cyan stockholders, regulatory approvals in the U.S. and other customary approvals.
http://www.ciena.com/about/newsroom/press-releases/Ciena-Announces-Intent-to-Acquire-Cyan.html
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