Lumen Technologies Acquires Alkira for $475 Million in All-Cash Deal
Lumen Technologies has acquired Alkira, a multi-cloud networking startup, for $475 million in an all-cash transaction. The acquisition pairs Alkira's cloud-native software with Lumen's fiber network to address a $70 billion addressable market. The deal is expected to close in the first half of 2025, subject to regulatory approvals.
Key facts
- Lumen Technologies acquired Alkira for $475 million.
- The deal is all-cash.
- Alkira provides cloud-native multi-cloud networking software.
- Lumen operates a fiber network.
- The combined offering targets a $70 billion addressable market.
- The acquisition is expected to close in the first half of 2025.
- The deal is subject to regulatory approvals.
- Lumen Technologies is a telecommunications company.
Entities
Institutions
- Lumen Technologies
- Alkira
Sources
- Quartz —