TeraXion: Ciena : to buy TeraXion Inc.'s assets for $32 million (BRIEF)

(4-traders.com) Jan. 20--Ciena Corp, a networking company headquarterd in Hanover, will boost its WaveLogic network management system -- a system based on high-speed optics -- by buying the technology that helps it run, the company announced Tuesday. Ciena will buy the high-speed photonics components assets of Quebec City-based TeraXion Inc. for $32 million. The...http://www.4-traders.com/CIENA-CORPORATION-15311276/news/Ciena-to-buy-TeraXion-Inc-s-assets-for-32-million-BRIEF-21714641/