Agility Receives $70 Million in Second Round of Funding; Accelerates Delivery of Next-Generation Optical Networking Infrastructure Solutions.Business Editors & High-Tech Writers SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 11, 2000 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, Dell Ventures, and Mustang mustang [Sp. mesteño=a stray], small feral horse of the W United States. Mustangs are descended from escaped Native American horses, which in turn were descended from horses of North African blood, brought to the New World by the Spanish c.1500. Ventures Join Leading Investment Team to Endorse Pioneer of Widely Tunable, High-Power Lasers Agility Communications(TM), Inc., a pioneer of next-generation optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. infrastructure solutions, announced today that it has received $70 million in its second round of funding. The funding round was led by Worldview Technology Partners with strategic investments from Dell Ventures and Mustang Ventures, the corporate venture arm of Siemens Information and Communication Networks. Significant investments from Amerindo Investment Advisors, Berkeley International Capital Ltd., Meritech Capital Partners, Milton Chang, Morgenthaler Ventures, and U.S. Venture Partners are also part of this round. This brings the total equity investment in Agility to more than $85 million. Agility's widely tunable, high-power lasers will be used by optical networking infrastructure companies to help communications providers increase network capacity, maximize existing network resources, streamline the planning process for network growth, and dynamically provision bandwidth. The extraordinary bandwidth demands driven recently by ever-increasing Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. require the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. to look for a new solution that can maximize the capacity of all channels in a fiber optic network. Widely tunable, high-power lasers have been endorsed by industry experts as the way to eliminate the problem of having some network channels under-utilized, while others are overloaded. With this strategic investment, its management expertise, patented technology, and premiere manufacturing facilities, Agility is uniquely qualified to deliver a new class of widely tunable, high-power lasers. Agility's initial product offering is the industry's first widely tunable, high-power laser that tunes to more than 100 ITU (International Telecommunication Union, Geneva, Switzerland, www.itu.ch) A telecommunications standards body that is under the auspices of the United Nations. Comprising more than 185 member countries, the ITU sets standards for global telecom networks. channels. It is expected to be available by the end of this year and will enable some of the largest names in the optical networking infrastructure marketplace to build the next generation of agile networks. RHK RHK Ratahallintokeskus (Finnish: Finnish Rail Administration) RHK Ryan Hankin Kent (RHK, Inc. marketing consulting firm) RHK Rigshospitalets Kollegium (Copenhagen, Denmark dorm) , Inc., a telecommunications market research firm, expects the global optical networking industry to top $41 billion by 2003. "We have witnessed firsthand the phenomenal growth in the optical networking market and see substantial, continued demand for infrastructure solutions that fully leverage network capacity and streamline the process for network growth. Agility has quickly amassed tremendous momentum and industry support for its widely tunable, high-power lasers," said John Boyle John Boyle may be:
"Tunable lasers are a key component for the new generation of dynamic optical networks," said Jay Liebowitz, director of RHK's Optical Components service. "We are forecasting that the optical component market for terrestrial optical networking will exceed $8.6 billion by 2003. Agility has significant resources for pursuing this market." "Tunable lasers are critical to our next-generation systems," said Luis Llovera, investment partner, Mustang Ventures. "We're positive about investing in Agility because we're confident that they'll provide the kind of widely tunable, high-power lasers that our customers at Optisphere Networks, Inc. (the optical networking subsidiary of Siemens Information and Communication Networks, Inc.) need." "Agility has all the ingredients for success -- an experienced executive team, innovative, reliable optical networking solutions, superior engineering and manufacturing expertise, and a huge market opportunity," said Ron Nelson Ron Nelson is a composer of both classical and popular music and a retired music academic. He was born in Joliet, Illinois, on December 14, 1929. After earning bachelors, masters, and doctoral degrees from the Eastman School of Music at the University of Rochester in New , chief executive officer and president, Agility. "With this strategic investment, we will rapidly expand our wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. and packaging capabilities, aggressively accelerating our high-volume, automated assembly process to meet burgeoning customer demand." About Worldview Headquartered in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , Worldview Technology Partners was formed in 1996. It is an established venture capital firm with a strong track record of investing in, and helping build leading U.S. information technology and telecom companies. Worldview adds significant value to portfolio companies through active participation and its proven ability to help U.S. entrepreneurs successfully expand their businesses into the Asia-Pacific region. For more information about Worldview Technology Partners, visit their web site at: www.worldview.com. About Agility Communications, Inc. Agility Communications, Inc., is pioneering breakthrough optical networking infrastructure solutions that dramatically reduce the costs and complexity of supporting agile networks. Developed for Dense Wavelength Division Multiplexed (DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ) networks, Agility's first products, widely tunable, high-power lasers, will help communications providers to increase network capacity, maximize existing network resources, streamline the planning process for network growth, and dynamically provision bandwidth. Industry analysts from RHK expect the global optical networking industry to top $41 billion by 2003. Founded by a team of optical networking veterans in Oct. 1998, Agility is headquartered in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. and has manufacturing facilities in Allentown, Pennsylvania. Agility investors include Amerindo Investment Advisors, Berkeley International Capital Ltd., Dell Ventures, Milton Chang, Meritech Capital Partners, Morgenthaler Ventures, Mustang Ventures, U.S. Venture Partners, and Worldview Technology Partners. For more information about Agility solutions visit, http:www.agilitycom.com, send email to info@agilitycom.comor call 805/690-1700. Agility Communications and the Agility logo are trademarks of Agility Communications, Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion