iBwave Solutions, Inc. Acquired by Corning Incorporated
Acquisition will accelerate the company’s growth
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.
“We are thrilled to become part of the Corning family,” said Mario Bouchard, CEO and President, iBwave. “With this new ownership, we are gaining the ability to grow faster and deliver more innovations to our customers.”
“We welcome iBwave and its employees to Corning,” said Clark S. Kinlin, Executive Vice President, Corning Optical Communications. “We are enthusiastic about the opportunities iBwave provides for wireless growth around the world.”
About Corning Incorporated
fCorning (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. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning’s businesses and markets are constantly evolving. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.
iBwave Solutions, the standard for converged indoor network planning is the power behind great in-building wireless experience, enabling billions of end users and devices to connect inside a wide range of venues. As the global industry reference, our software solutions allow for smarter planning, design and deployment of any project regardless of size, complexity or technology. Along with innovative software, we are recognized for world class support in 90 countries, industry’s most comprehensive components database and a well-established certification program. For more information visit: ibwave.com
For more information, please contact
VP Marketing, iBwave