Alcatel Lead Investor in $33 Million Tropic Networks Financing Round: New Funds Will Be Used for Global Expansion.OTTAWA -- Tropic Networks Inc., a supplier of regional and metro-area optical networking equipment today announced it has secured $33 million US in Series D financing. This round was led by Alcatel and also includes Tropic's current investors - Celtic House Venture Partners, Crescendo Ventures, Goldman Sachs, Kodiak Venture Partners and Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan The Ontario Teachers' Pension Plan (OTPP), commonly referred to as Teachers', is the organization responsible for administering pensions for public school teachers of Ontario. The OTPP also invests the plan's pension fund. . "Strong investor commitment really validates our business strategy and will help drive the company to the next level," said Kevin Rankin, 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. , Tropic Networks. "The firm backing of our new and existing investors will help us meet growing customer demand for our products in both the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and global marketplace." "Alcatel is continuously looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the best ways to meet the demands of our customers," said Romano Valussi, President of Alcatel's Optical Networks Division. "By partnering with Tropic Networks, Alcatel will be able to immediately satisfy the ROADM ROADM Reconfigurable Optical Add/Drop Multiplexer ROADM Reconfigurable Add Drop Multiplexing market requirements, while continuing to develop advanced solutions that meet the future needs of the service provider community." Tropic Networks delivers next-generation reconfigurable OADM OADM Optical (WDM) Add-Drop Multiplexer OADM Optical Add Drop Multiplexer (ROADM) solutions that enable service providers to build cost-effective, flexible and intelligent core optical networks on which to deliver data, voice and video services. The centerpiece of the Tropic solution is the reconfigurable TRX-24000(TM) metro-DWDM transport platform, integrated with Wavelength Tracker(TM) optical layer intelligence technology. Wavelength Tracker technology delivers SONET-like performance management, wavelength identity path trace, automated power management, sectionalization sec·tion·al·ize tr.v. sec·tion·al·ized, sec·tion·al·iz·ing, sec·tion·al·iz·es To divide into sections, especially into geographic sections. sec and fault isolation to the optical layer. About Tropic Networks Founded to meet the challenges specific to building cost effective and scalable metro optical networks, Tropic Networks offers next generation solutions that help carriers minimize costs and maximize profits. The Tropic Networks TRX-24000 metro optical transport platform allows carriers to optimize their optical infrastructures, while leveraging existing network assets. Tropic offers metro optical networking alternatives that enable carriers to build manageable, flexible and usable metro optical networks. Headquartered in Ottawa, Canada, Tropic was founded in May 2000. The company is privately held and venture capital backed. |
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