Ciena acquires Benu Networks, agrees to buy Tibit Communications for $210M

CIENA CORP

Acquired Benu Networks (cloud-native vBNG software) for undisclosed sum; closed in fiscal Q1 2023.
Agreed to acquire remaining Tibit Communications shares for ~$210M cash, debt-free; close expected in fiscal Q1 2023.
Tibit supplies open microplug OLT PON tech; Ciena was largest investor and customer.
Acquisitions add 60+ engineers; target broadband access (residential, enterprise, fixed-wireless).

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