iBwave Solutions Inc., Montreal, April 1st, 2015 – iBwave Solutions Inc. announced today that it has been acquired by Corning Incorporated (NYSE: GLW). The terms of the acquisition agreement were not released.
Corning (www.corning.com) is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences.
Based in Montreal, Canada, iBwave is an industry leader in design software for in-building wireless solutions for a wide range of customers. Its software and professional services are used by more than 600 global leading telecom operators, system integrators and equipment manufacturers in more than 80 countries worldwide.
Going forward, iBwave will be a wholly-owned subsidiary of Corning, reporting to Corning’s Optical Communications business segment. iBwave will operate under its current name, iBwave Solutions, Inc., as a separate entity.
Source : iBwave