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Additional Information
Market: NASDAQ
Sector: Telecommunications Equipment
EPIC: FNSR
Latest Price: 14.59  (0.62% Ascending)
52-week High: 24.02
52-week Low: 12.55
Market Cap: 1,331.76M
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Finisar Corporation
www.finisar.com

Finisar Corporation is a provider of optical subsystems and components that connect short-distance local area networks, storage area networks, longer distance metropolitan area networks fiber-to-the-home networks, cable television networks and wide area networks.

Full Finisar Corporation profile here
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Finisar Acquires Broadway Networks For Undisclosed Sum

20th Sep 2010, 8:41 pm
Finisar Acquires Broadway Networks For Undisclosed Sum

Finisar (NASDAQ:FNSR), a provider of subsystems and components for fiber optics communications, announced today  that it had acquired Broadway Networks for an undisclosed sum in an all-cash transaction.


Broadway Networks, founded in 2006, has developed a pluggable transceiver that incorporates Ethernet passive optical network (EPON) technology to enable networking devices such as switches and routers to connect directly to passive optical networks, a type of networking architecture that uses fiber optics instead of copper. 


Broadway has also developed a "Smart SFP" with built-in remote management functionality that enables telecom carriers to monitor and diagnose the fiber links to reduce operating costs.


"Broadway's EPON Stick puts networking capability inside the pluggable transceiver," said Karen Liu, principal analyst of Ovum, an IT advisory company.


"Because it is based on a ubiquitous standards-based form factor, it immediately creates a new market. Combining with a market leader like Finisar, who can scale this technology going forward, is a great move for the whole industry."


Finisar plans to eventually extend Broadway's technology to the gigabit-capable passive optical network (GPON) market. GPON is a competing networking technology to EPON. 


The acquisition is not expected to have a significant impact on revenue or earnings in the near term, the company said.


Finisar’s share price rallied 3.4% to trade at $18.14 as of 3:08 pm ET.

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