Drake Star Partners Advises Packet Design On Its Sale To Ciena

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    Exclusive Financial Advisor to Packet Design

SDN Analytics and Automation Solutions

NEW YORK | July 18, 2018 – Ciena Corporation (NYSE: CIEN) has acquired Packet Design, LLC, a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics. Drake Star Partners acted as the exclusive sell-side advisor to Packet Design in this transaction.

The acquisition of Packet Design helps accelerate Ciena’s Blue Planet software strategy by extending its intelligent automation capabilities beyond Layers 0-2 and into IP with critical new capabilities to help customers optimize service delivery and maximize network utilization. Specifically, the combination of the Blue Planet software platform and Packet Design’s performance analytics and service path computation capabilities forms a distinct micro-services-based platform delivering real-time analytics, optimization and orchestration capabilities to support the broadest range of closed-loop automation use cases across multi-layer, multi-vendor networks.

Scott Sherwood, Packet Design’s CEO commented: “Drake Star’s extensive knowledge of the networking solutions market together with an understanding of our analytic and automation capabilities led them to find the right partner for us in Ciena.”

“This was an opportunity where we represented the investor group, which was led by Lone Rock Technology Group and S3 Ventures, in acquiring Packet Design back in 2013. That team then revamped the business and technology, creating a unique value proposition around SDN and analytics, which in turn enabled Drake Star to identify and connect them with Ciena as the right partner”, said Michael Rosenberg, Partner at Drake Star. He continued: “The Drake Star team is proud to have supported Packet Design throughout this process and to have found in Ciena the right acquiror.”

Drake Star Partners team: Michael Rosenberg and Daniel Dresner
Legal advisor to seller: Egan Nelson

About Packet Design

Packet Design technology is used in the world’s largest and most complex networks to improve network availability and performance, mitigate the risk from change, and enhance customer satisfaction. Its real-time telemetry and analytics are now powering intelligent automation by SDN controllers and service orchestrators in multi-layer, multi-vendor ecosystems. Packet Design customers deliver differentiated services faster and more economically, run their networks hotter with greater resiliency, and achieve first-mover competitive advantages.

For more information, please visit www.packetdesign.com


For further inquiries, please contact:

Michael Rosenberg
Partner | Drake Star Partners
Michael.Rosenberg@drakestar.com, +1 212 508 7110

About Drake Star Partners

Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.

Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.


*Partner Offices