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Corning Acquires SpiderCloud, Expands in Wireless Market

Corning Inc. GLW recently announced that it has completed the acquisition of scalable small cell systems provider SpiderCloud Wireless. The company will be integrated into Corning’s Optical Solutions business.

However, the terms of the deal were not disclosed. According to a recent article by RCR Wireless News, SpiderCloud was worth approximately $200–$250 million or 2.0-2.5 times of 12-month forward revenues.

Small cells are effective in supplementing macro networks to provide superior coverage and capacity indoors as well as outdoors. SpiderCloud’s Enterprise Radio Access Network (E-RAN) system uses high capacity enterprise small cells (Radio Nodes) and small cell controller (Services Nodes) to...


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