San Jose, CA-based Oclaro (NASDAQ: [[ticker:OCLR]]), an optical communications and laser technology firm, announced today it has acquired Mintera, based in Acton, MA, for $12 million in cash upfront. The deal could be worth as much as $32 million in total, if Mintera reaches cumulative revenues of $70M over the next 18 months. Mintera’s annual revenue was about $20 million over the most recent fiscal year, according to the press release. The company was founded in 2000 and specializes in high-speed optical transmission systems. Its investors included Court Square Ventures, JDSU, Polaris Venture Partners, Portview Communications Partners, RRE Ventures, and Star Ventures. Terry Unter, Mintera’s CEO, will remain with Oclaro for a transitional period of unspecified length.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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