RiT Technologies Builds Out Presence in Africa

RiT Technologies (NASDAQ: RITT), the leading provider of intelligent infrastructure management (IIM) solutions, today announced that it has appointed Mr. Peter Leonard , a Johannesburg -based IT industry professional, to become its Country Sales Manager of South Africa . Mr. Leonard will be mandated with further developing RiT's business in South Africa , a region whose rapid uptake of IT technologies makes it a land of opportunity for RiT's industry-leading solutions.

RiT's momentum in Africa has been building throughout the past year, beginning with sales to Botswana Telecommunications Corporation (BTC) and Vodafone Ghana, and followed by the signing of distribution/marketing agreements with Kenya's Adwest Communications, Mart Network Solutions/Giganet Networking Solutions and Adcare. The establishment of a permanent local presence demonstrates RiT's belief in the sales potential of this rapidly-growing region, and its commitment to become one of its significant players.

DragonWave Plans to Acquire Nokia Siemens Networks Microwave Transport Business

Companies also plan strategic technology and supply relationship

DragonWave, Inc. (TSX: DWI.TO - News)(NASDAQ: DRWI - News) plans to acquire Nokia Siemens Networks' microwave transport business, including its associated operational support systems (OSS) and related support functions (the "business"). Under the terms of the "Master Acquisition Agreement" signed today, as well as acquiring the business, DragonWave would also become the preferred, strategic supplier to Nokia Siemens Networks of packet microwave and related products, and the companies would jointly coordinate technology development activities. The planned transaction is subject to any applicable regulatory, exchange and third party approvals, a consultation process with trade union representatives and other customary terms and conditions.

ARRIS Agrees to Acquire BigBand Networks in all Cash Transaction

ARRIS Group, Inc.  (Nasdaq:ARRS) and BigBand Networks (Nasdaq:BBND ) today announced that they have entered into a definitive agreement whereby ARRIS will acquire BigBand Networks for a purchase price of $2.24 per share in cash. This equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on hand.

With the addition of BigBand's experienced employees, this acquisition further extends ARRIS' capabilities in the processing, management and distribution of digital video content and represents an important acquisition of innovative technologies and significant R&D investments that are expected to accelerate time-to-market and increase opportunities for ARRIS in several fast growing product areas.

Ciena Reports Unaudited Fiscal Third Quarter 2011 Results

Ciena® Corporation (NASDAQ:CIEN - News), the network specialist, today announced unaudited financial results for its fiscal third quarter ended July 31, 2011.

For the fiscal third quarter 2011, Ciena reported revenue of $435.3 million. On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal third quarter 2011 was $(31.5) million, or $(0.33) per common share, which compares to a GAAP net loss of $(109.9) million, or $(1.18) per common share, for the fiscal third quarter 2010. Ciena's adjusted (non-GAAP) net income for the fiscal third quarter 2011 was $8.3 million, or $0.08 per common share, which compares to an adjusted (non-GAAP) net loss of $(8.0) million, or $(0.09) per common share, for the fiscal third quarter 2010.