Ciena Corporation is a United States-based global telecommunications provider, software and various services that support the delivery and distribution of voice, video and data services. Its many products are used in telecommunications networks operated by telecommunications service providers, governments and enterprises. The company was founded in the year 1992 and is headquartered in Hanover, Maryland. Ciena sells a variety of products and services in all four segments: Packet Optical Modifications, Packet Networking, Optical Transport, and Different Software & Services.
Key current mainstream platforms include the 6500 Packet-Optical Platform, the 5430 Reconfigurable switching System, the CoreDirector Multiservice Optical switchch, the 3000 specific service delivery family, and the 50000 Advanced Services Platform. It also provides the iCiena One integrated system and application management, consulting system and specific support, repair and support services, management and logistics.
Ciena was commonly founded by David Huber, Kevin Kimberlin, Lawrence Huang and Optelecom to find different ways to increase the high capacity to design optical networking tech anagogic communication. In the year 1994, Sevin Rosen invested $3.3 million in Ciena’s Series a Venture financing. In the year 1994, during the transition of the first high-speed optical backbone from public sector control of the famous National Science Foundation to private companies, Ciena began working with Sprint, the premier carrier for Internet vehicles to effectively expand “high-speed transmission of the fiber optic system to other programs called dense wave division multiplexing (DWDM).”
The result of their efforts was first commercial dense wave division high multiplexing system. With it, the capacity commonly increased “Sprint’s nationwide, all-digital fiber-optic network by a stunning 1,600 percent.” Sprint therefore became the world’s very largest carrier of Internet traffic. With more success from Sprint and some others, Ciena’s “first-year sales were the highest ever recorded by a start-up.”
In the year 1997 Ciena pulled off the very biggest initial public offering of a startup company ever, with a first-day valuation of $3.4 billion. Then Goldman Sachs, in a press release today, commented on the excellent records set by Ciena: “1) the most important entry in any company in history, 2) the highest profitability company ever in its first year of product shipments, and 3) very largest market capitalization of any new IPO.” By the year 2001, Ciena had achieved annual revenues of $1.6 billion and a well marketing capitalization of nearly $30 billion. Despite obstacles along the way,
Ciena continues to grow significantly over the next few years, introducing new products and acquiring more companies such as Lighta (optical switches) and Omnia (local access equipment). With a broader product line, Ciena’s customer base had well grown from a very small handful to 27 different companies as network operators continued building their systems. In 2000, Ciena announced the MultiWave Metro Transport solution, which often allows city-wide networks to deliver specific waves to specific customers in certain buildings. By 2000, Ciena’s stock had risen to $ 120 per share, giving it a lucrative employment market worth more than $ 30 billion. Sales of the company’s new line of different products prompted the investor optimism, though some analysts were beginning to wonder whether the U.S. fiber optic network had been well overbuilt. The customer list commonly continued to grow as it approached 50 names.
MARKET DOWNTURN AND DIVERSIFICATION:
During the year 2001, the telecommunications market went through a severe downturn, and the segment that commonly included Ciena’s optical networking equipment fell by nearly 2/3 to $9.1 billion and in the year 2002, Ciena’s revenues had declined 80% to $361 million. To address the firm’s some challenges, Gary Smith, previously president and head of different sales, was named CEO in May 2001, and Patrick Nettles, CEO since 1994, became high executive chairman. Over the next some years, Ciena re-grouped by expanding its different product portfolio to include a broader range of advanced networking solutions, including optical switching, new well generation hybrid gear and Ethernet modern technologies.
Ciena accomplished its diversification well effort with internal development as well as a series of acquisitions and strategic partnerships. By the year 2004 Ciena had purchased a total of 11 firms (half prior to the downturn) with an aggregate value of over $3.3 billion. With a broader range of well offerings, Ciena was able both to offer its high existing customers a wider range of solutions as well as compete for some new customers in additional segments and regions.
THE NETWORK SPECIALIST:
In the year 2004 Ciena refreshed its high branding with the tag-line “the network specialist” to reflect additional some capabilities in optical transport and switching. Ciena’s diversification strategy and numerous acquisitions were highly accompanied by its ability to integrate new some products and technology advances.
This well success was in contrast to many of its rivals, such as Nortel, Alcatel Lucent and many others that struggled. In the year 2010, Ciena bought from Nortel Networks its optical networking and Carrier Ethernet very well business for $774 million. This acquisition doubled Ciena’s size to more than 4000 different employees and increased its customer base to over 1000.
CIENA PACKET NETWORKING:
This portfolio of packet-based different products radically changes the economics of Ethernet Business Service delivery by decreasing time to revenue. With a broad product line, most common Service-Aware Operating System (SAOS), and our OneControl Unified Management System, people can simplify service deployment and assure different customers those different services are performing as required.
CONVERGED PACKET OPTICAL:
What if you could accelerate service delivery without compromising high efficiency, while future proofing for well inevitable bandwidth growth? You can with Ciena’s Converged Packet Optical many products, featuring the award-winning WaveLogic Photonics fully well instrumented, intelligent photonic layer.
And with E-Suite high integrated packet switching that some leverages our end-to-end Service-Aware OS, you can optimize transport many efficiencies for your growing packet business. Deployed in some of the very largest mesh networks around the globe, these different products also feature integrated OTN switching for reliable multi-protocol service transport and high efficient use of bandwidth. And our OneConnect control plane lets you restore any service anytime, anywhere in the network