Lucent Technologies is in talks to acquire optical networking equipment maker Chromatis Networks, in a stock deal that could value the privately held company at around $US5.5 billion, according to several reports published last week.
Although the deal could still fall apart, the likelihood of Chromatis concluding a sale to Lucent is over 90 per cent, one report, citing a source close to the companies, said. Chromatis specialises in developing equipment for optical networks.
Last week, Virginia-based Chromatis said in a statement that it, in cooperation with Qwest Communications International, had completed the first phase of a lab trial of its forthcoming Metropolis platform for deploying integrated voice and data services over optical metropolitan networks.
Founded in 1997, Chromatis has received more than $50 million in funding from several leading venture capitalists, including Lucent Venture Partners, according to the company.