Ciena entered into a reseller agreement to market, sell and support Laurel Networks' flagship ST200 Service Edge Router, which will be integrated into Ciena's LightWorks ON-Center Management Suite. Laurel's ST200 Service Edge Router is designed for service provider IP/MPLS backbones.
Separately, Laurel Networks closed a $20 million third round of funding, bringing total investment in the company to $102.3 million. The new participant in the third round is primary investor Ciena. This fund raising is inclusive of funds raised under a separate transaction between Optovation Corporation and Laurel Networks. Existing investors New Enterprise Associates (NEA), Trinity Ventures and Worldview Technology Partners also participated in this latest round of funding.
http://www.ciena.com
- In May 2003, Marconi announced plans to resell Laurel Networks' Service Edge Router as part of its networking solutions for U.S. federal government network operators and global service providers.
