Agilent Technologies' Venture Unit Invests in Infinera.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 14, 2002 Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (NYSE NYSE See: New York Stock Exchange :A) today announced that Agilent Ventures (AV) has made an equity investment in Infinera, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that produces innovative solutions for the optical network telecommunications industry. The amount of the Agilent investment was not disclosed. Founded in early 2001, Infinera develops telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. systems around their optical component technology. Infinera's architecture substantially lowers capital and operating costs of the network. "Our investment in Infinera reflects Agilent Ventures' commitment to invest in and partner with innovative technology companies despite the current economic downturn," said Maximilian Schroeck, managing director for AV. "The synergies between the two companies offer possibilities for moving beyond the funding relationship into a long-term, mutually beneficial technology partnership." "We are delighted to have Agilent as a strategic investment partner with expertise across a wide range of high-speed communication technologies, from test equipment to networking components," said Jagdeep Singh, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Infinera. About Infinera Headquartered in Sunnyvale, Calif., Infinera is developing solutions that dramatically change the economics for telecommunications networks. Infinera's investors include Accel Partners, Applied Materials Ventures, Benchmark Capital, Cypress Semiconductor, Juniper Networks, Kleiner, Perkins Caufield & Byers, Sprout Group, Venrock Associates, and Worldview world·view n. In both senses also called Weltanschauung. 1. The overall perspective from which one sees and interprets the world. 2. A collection of beliefs about life and the universe held by an individual or a group. Technology Partners. For information visit: www.infinera.com. About Agilent Ventures Agilent Ventures is a business unit of Agilent Technologies Inc. dedicated to investing globally in groundbreaking, privately held, early-stage technology companies. Additional information about Agilent Ventures, as well as investment proposal forms, are available at www.agilentventures.com. About Agilent Technologies Agilent Technologies Inc. (NYSE:A) is a global technology leader in communications, electronics and life sciences. The company's 37,000 employees serve customers in more than 120 countries. Agilent had net revenue of $8.4 billion in fiscal year 2001. Information about Agilent is available on the Web at www.agilent.com. NOTE TO EDITORS: Further technology, corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and executive news is available on the Agilent news site at www.agilent.com/go/news. |
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