27 Facts About Ciena

Ciena Corporation is an American telecommunications networking equipment and software services supplier based in Hanover, Maryland.

Ciena was founded in 1992 under the name HydraLite by electrical engineer David R Huber.

Ciena subsequently received funding from Sevin Rosen Funds as a result of a demonstration at its laboratory attended by Jon Bayless, a partner at the firm, who saw the value in applying HydraLite's fiber-optic technology to cable television.

Ciena received $40 million in venture capital financing, including $3.

Huber and Nettles, who changed the company's name to Ciena, began working from an office in Dallas in February 1994; Huber would remain with Ciena until 1995.

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Ciena began diversifying its clientele and acquiring smaller contracts in 1997.

Ciena went public on NASDAQ in February 1997, and was the largest initial public offering of a startup company to date, with a valuation of $3.

Ciena earned approximately $370 million in revenue and profits of $110 million for the fiscal year ending in October 1997.

Ciena completed a series of strategic acquisitions, buying 11 companies between 1997 and early 2004.

Ciena was the fourth largest producer of fiber optic equipment in the US by 2003.

In 2008, Ciena earned $902 million and reported a profit of $39 million.

Ciena earned $653 million and reported a loss of $580 million in 2009; Ciena was generating approximately two-thirds of its revenue in the US at the time.

Ciena had net losses until 2015, when the company earned $2.

Ciena ranked number 770 and number 744 on the Fortune 1000 in 2017 and 2018, respectively.

Ciena acquired the telecommunications company AstraCom Inc in 1997 for $13.

Fourteen of AstraCom's engineers signed four-year contracts with Ciena, and joined the company's new research and development team in Alpharetta, Georgia.

Ciena purchased Terabit Technology Inc, a producer of detectors for data transmission based in Santa Barbara, California, for $11.

Ciena acquired Cupertino, California-based Lightera Networks Inc and Marlborough, Massachusetts-based Omnia Communications Inc for $980 million in stock in 1999.

Ciena purchased WaveSmith Networks Inc, an optical-networking equipment manufacturer based in Acton, Massachusetts, for $158 million in stock in 2003.

Ciena acquired the Ottawa-based data storage networking company Akara Corp.

In 2008, Ciena acquired World Wide Packets Inc, a Spokane Valley, Washington-based producer of switches and software for Ethernet services, for approximately $296 million.

Ciena acquired Cyan, which offers platforms and software systems for network operators, for approximately $400 million in 2015.

Ciena acquired Packet Design, an Austin-based network performance management software company specializing in network optimization, route analytics, and topology, in 2016.

In 2018, Ciena purchased software and services company DonRiver for an undisclosed amount.

Ciena's converged packet optical products support big data analysis, cloud computing, and the Internet of things across 40 of Sify's data centers in India.

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Ciena provides converged packet optical and Ethernet services to Bharti Airtel, Jio, and Vodafone Idea Limited, and supplies equipment to the Government of India, as of mid 2019.

Ciena develops and markets equipment, software and services, primarily for the telecommunications industry and large cloud service firms.