Late in July, Corning Incorporated acquired SpiderCloud Wireless, a provider of in-building wireless solutions. Terms of the agreement were not disclosed. SpiderCloud will become part of the Corning Optical Communications, which plans to grow annual sales from $3 billion in 2016 to $5 billion in 2020, partially through acquisitions.
SpiderCloud, based in Milpitas, California, develops scalable small-cell network platforms that deliver coverage and capacity for wireless services inside buildings to optimize network efficiency and improve user experience.
Clark S. Kinlin, executive vice president, Corning Optical Communications, said, “With the acquisition of SpiderCloud Wireless, we believe our combined product solutions will help drive optical convergence and enable the advantages of fiber-deep architectures within the Enterprise Local Area Network.”