Calix Completes Acquisition of Occam Networks

PETALUMA, CA - The two powerhouses of the rural FTTH market have joined forces, with Calix acquiring Occam Networks following approval by Occam stockholders on February 22. Occam stockholders will receive a total of approximately $83.3 million in cash and 6.4 million shares of Calix common stock, and holders of certain options will receive about $10.8 million in cash.

The combined organization has more than 900 customers globally (including 72 percent of U.S. local exchange carriers), more than 600 fiber access customers and 400 commercial video customers. It leads the North American market for optical line terminal revenues, service provider FTTH deployments and multiservice access platform revenues. It also boasts the industry’s broadest portfolio of optical network terminals and has 83 percent of the publicly announced vendor selections for broadband stimulus projects.

“The combination of Occam and Calix can be summed up in one word: acceleration,” says Carl Russo, president and chief executive officer of Calix. “By combining Occam Networks’ expertise in IP and Ethernet, Calix’s strength in fiber access and both companies’ experience in copper access, we believe this merger will accelerate our pace of innovation within the now expanded Calix Unified Access portfolio. We expect that our innovation will in turn accelerate our customers’ ability to meet the emerging needs of the broadband subscriber, while also making communications service providers more efficient. We are extremely excited about this combination, and look forward to extending a warm welcome to the hundreds of new customers who are now joining the Calix family.”