iBwave Solutions has been acquired by Corning Inc., one of the world’s major innovators in materials science. The terms of the acquisition agreement were not released.
Corning has been developing products in specialty glass, ceramics, and optical physics for 160 years. 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.”