Ericsson: Ericsson and Ciena announce strategic global agreement
*Ericsson and Ciena sign strategic global agreement for joint development
of IP-optical convergence
*Ericsson and Ciena are committed to accelerating the availability of open,
programmable, software-defined networks
*Ericsson will offer Ciena's Converged Packet Optical portfolio, including
the 6500 Packet-Optical Platform and 5400 family
Ericsson (NASDAQ:ERIC) and Ciena (NYSE:CIEN) today announce a strategic global
agreement to develop joint transport solutions for IP-optical convergence and
service provider software-defined networking (SDN). As part of this agreement,
Ericsson offers Ciena's Converged Packet Optical portfolio, including the 6500
Packet-Optical Platform and 5400 family.
Ericsson will benefit from Ciena's best-in-class optical technology
leadership, including its WaveLogic coherent optical processors and global
market presence. Combined with Ericsson's strong IP portfolio and Global
Services organization, service providers will be able to deploy IPoWDM
technology and to evolve their transport network into a SDN-enabled
infrastructure. This will result in lower total cost of ownership and faster
deployment of new services.
"This strategic global agreement brings together two companies uniquely
positioned to drive the adoption of more open, programmable networks. The
integration of our industry-leading packet-optical technologies into
Ericsson's portfolio, combined with our global distribution agreement, allows
us to address a wider market with a combined offering," said Gary Smith,
President and CEO, Ciena. "As our industry moves toward a more open networking
environment, collaboration within an ecosystem of specialists will be critical
for innovation. Our SDN-focused joint development activities will enable us to
deliver on network transformation strategies that dynamically support changing
demands for network-level applications and services."
"The convergence between IP and Optical network layers in an Open SDN
controlled architecture will enable more flexible and cost efficient networks
for Service Providers" said Johan Wibergh, Executive Vice President and
Ericsson's Head of Business Unit Networks." This agreement allows us to offer
Ciena's industry-leading Packet-Optical products. This is a great complement
to our portfolio of 4^th Generation IP products and will enable more complete
and competitive solutions to our customers."
The strategic agreement is effective immediately, and go-to-market activities
and solution integration efforts are underway.
Ericsson will host a telebriefing today, Friday, February 14, 2014 at 6pm CET
(12noon EST, 9am PST), for investors, analysts and media to discuss this
strategic global agreement.
For details of the briefing, please refer to Ericsson investor page here:
NOTES TO EDITORS
Ciena is the network specialist. We collaborate with customers worldwide to
unlock the strategic potential of their networks and fundamentally change the
way they perform and compete. Ciena leverages its deep expertise in packet and
optical networking and distributed software automation to deliver solutions in
alignment with OPn, its approach for building open next-generation networks.
We enable a high-scale, programmable infrastructure that can be controlled and
adapted by network-level applications, and provide open interfaces to
coordinate computing, storage and network resources in a unified, virtualized
environment. For updates on Ciena news, follow us on Twitter @Ciena or on
LinkedIn http://www.linkedin.com/company/ciena. Investors are encouraged to
review the Investors section of our website at www.ciena.com/investors, where
we routinely post press releases, SEC filings, recent news, financial results,
and other announcements. From time to time we exclusively post material
information to this website along with other disclosure channels that we use.
Ciena - Products - Converged Packet Optical
Download high-resolution photos and broadcast-quality video at
Ericsson is a world-leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely, in
sustainable societies around the world.
Our offering comprises services, software and infrastructure within
Information and Communications Technology for telecom operators and other
industries. Today 40 percent of the world's mobile traffic goes through
Ericsson networks and we support customers' networks servicing more than 2.5
We are more than 110,000 people working with customers in more than 180
countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In
2013 the company's net sales were SEK 227.4 billion (USD 34.9 billion).
Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
Ericsson Investor Relations
Phone: +46 10719 00 00
Ericsson and Ciena announce strategic global agreement
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Ericsson via Globenewswire
Press spacebar to pause and continue. Press esc to stop.