Cisco (Nasdaq: CSCO) is acquiring privately held Lightware in a $271 million deal that the networking giant says will provide “next generation” optical connectivity capabilities.

The deal was announced Friday morning.

“The acquisition of Lightwire will support our data center and service provider customers as they manage the continuing deluge of network traffic alongside tight capital and operating budgets,” said Surya Panditi, senior vice president of the Cisco Service Provider Networking Group, in a statement.

“With the combined know-how from Cisco in silicon design and Lightwire in [silicon] CMOS photonics, we will transform Cisco’s optical connectivity business to an integrated technology platform that supports our customers’ burgeoning need for cost-effective high-speed networks,” Panditi added.

Lightware is based in Allentown, Pa., and has an office in Santa Clara, Calif.

The deal is expected to close in the third quarter.

Cisco operates its second largest corporate campus in Research Triangle Park,. N.C.

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