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Ciena Makes Strategic Acquisitions in Fiber Broadband Access

Ciena Makes Strategic Acquisitions in Fiber Broadband Access to Further Address Growing Opportunity at the Network Edge

Announces Intent to Acquire Tibit Communications and Acquisition of Benu Networks

Dubai, United Arab Emirates – November 23, 2022 – Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced that it has entered into a definitive agreement to acquire Tibit Communications, Inc., a privately-held company headquartered in Petaluma, California, and that it has acquired Benu Networks, Inc., a privately-held company headquartered in Burlington, Massachusetts. Tibit and Benu are focused on simplifying broadband access networks through next-generation PON technologies and advanced subscriber management, respectively.

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