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

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systems. “FLEDGE modules unlock stranded bandwidth and enable dynamic provisioning and wavelength management at a fraction of traditional ROADM costs,” he said.

 

Vengsarkar said that Series A participants Novitas Capital (formerly PA Early Stage Partners), Technology Venture Partners and private investors joined the round, as did new, strategic investor Finisar Corporation [NASDAQ: FNSR], a leader in fiber-optic solutions for high-speed networks, with which Nistica separately announced a partnership today.

 

He also reported that the three-year-old Bridgewater, N.J.-based company had received a $1-million Edison Innovation Fund investment from the New Jersey Economic Development Authority, for a total post-Series A capital infusion of $10 million.

 

“We made this investment for a couple of reasons,” said Taylor-Smith. “First is the winning combination of technology, talent and timing. The company has developed substantial in-house intellectual property; the management team has deep, direct experience; and the market is primed for the emergence of an agile optical module vendor with disruptive cost models.

 

“Equally important, Nistica has its own ‘triple play of customer applications’ in the marketplace,” continued Taylor-Smith. “Not only does the company help solve commercial broadband carriers’ bandwidth problems, but it can also meet the growing need for compact optical instrumentation in the test & measurement industrial sector, as well as address photonic applications in the defense and government security sectors,” he explained.

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