News: Portfolio 2008

Battelle Ventures, Affiliate Invest in Nistica, Supplier of Agile Optical Modules;
Lead $9-million Series B Round To Boost Broadband Triple Play Networks

Nistica also reports $1 million investment from N.J. Economic Development Authority

PRINCETON, N.J., Feb. 25, 2008 – Battelle Ventures, LP, and its affiliate fund, Innovation Valley Partners (IVP), have led the $9-million Series B funding round of Nistica, Inc., a global supplier of agile optical modules that simplify, automate and make affordable the delivery of high-bandwidth applications.
 

“Nistica differentiates itself from others in the agile optical networking (AON) field by being able to combine low cost with high performance, enabling systems providers across multiple industries to meet broadband demand for the ever-increasing ‘triple play’ of market applications in voice, video and data,” said Battelle Ventures/IVP General Partner Ralph Taylor-Smith. “Others who are in the triple-play supply chain simply haven’t succeeded on the low-cost front.”

 

The company’s patented FLEDGE technology platform, on which its initial suite of Telcordia-qualified products is based, he said, enables edge networks to scale at healthy margins through agile optical modules. “Cost-effective optical switching between the network core and the access infrastructure is the key to meeting the high-bandwidth delivery requirements of gigabit Ethernet, video on demand (VOD), and broadband digital multimedia services,” Taylor-Smith continued.

 

“We were first to market with a new class of lean, agile optical modules to automate the edge and metro core of service-provider networks,” said Ashish Vengsarkar, Nistica CEO, noting that today the company also separately announced its fourth product offering, with the introduction of FULL FLEDGE to meet growing demand for cost-effective Reconfigurable Optical Add/Drop Modules (ROADMs) in core network nodes.
 

“Our FLEDGE modules deliver high optical performance at up to 80% lower first costs over comparable products deployed in core networks,” continued Vengsarkar, a serial entrepreneur, creator and evangelist of first-generation ROADM

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