Chromatis Networks Selected as One of UPSIDE Magazine's Top 100 Private Companies.Business/High-Tech Editors HERNDON, Va.--(BUSINESS WIRE)--May 23, 2000 Publication Cites Chromatis Networks As an Emerging Force in the Telecommunications Industry Chromatis Networks, Inc., the leading developer of next-generation optical transport solutions for carriers' metro networks Metro Networks is a broadcasting outsourcing company based in Houston, Texas. It is a subsidiary of Westwood One, which is managed by CBS Radio. The company operates a number of local and regional news and traffic facilities that provide regular reports to affiliates, together with , today announced that UPSIDE Magazine has named Chromatis to its list of Top 100 Private Companies. Chromatis is one of the 100 companies editors of UPSIDE and an advisory panel--comprised of venture capitalists, financial analysts, and market researchers--singled out from more than 1000 companies competing for this recognition. Selection criteria were based on the companies' technological achievements, customer acceptance of products or services, financial performance, industry partnerships, financial backing, management savvy, and marketing. Since Chromatis' inception in 1997, the company has successfully brought to market its Metropolis(TM) product family, the industry's first integrated optical transport platform, as well as Selective WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. (TM) (SWDM SWDM Single Mode Wavelength Division SWDM Standard Wavelength Division Multiplexer SWDM Selective Wave Division Multiplex (Chromatis Networks) SWDM Schuell-Wepman-Darley Multimodal Stimulation Treatment (TM)), a patent-pending technology that dramatically reduces the cost of using 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 (dense wave division multiplexing (spelling) wave division multiplexing - A common misnomer for wavelength division multiplexing. ) to scale metropolitan area networks. Chromatis is led by a seasoned management team and, to date, the company has raised over $50 million in funding from leading venture capital investors. "UPSIDE's prestigious award recognizes Chromatis as one of the top emerging companies shaping the face of the telecommunications market today," said Bob Barron Bob Barron (January 13, 1921- ) is a former NASCAR driver from Bradenton, Florida, U.S.. He completed in thirty-two Grand National/Nextel Cup Series events in his career, earning five top-tens. , 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 Chromatis. "This recognition validates our next-generation optical transport technology and underscores the value and demand of enabling service providers to upgrade their networks quickly and cost effectively." For consideration as one of UPSIDE's Top 100 Private Companies, Chromatis had to meet the magazine's specific award nomination criteria, including the likelihood of a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. where the company would likely become a blue-chip stock Noun 1. blue-chip stock - a common stock of a nationally known company whose value and dividends are reliable; typically have high price and low yield; "blue chips are usually safe investments" blue chip of the new economy, an identified niche in the market, a track record of several years spent developing technologies needed in the market, and a management team with the tenacity and intelligence to drive the company to the top. "We evaluated hundreds of great companies spanning a broad range of Internet-related market segments and are pleased to recognize Chromatis among this year's winners," said David Bunnell David Bunnell is a media entrepreneur and technology pioneer who was involved in the earliest days of personal computing revolution and industry. In 1973, he got a job as a technical writer at a small electronics company called MITS in Albuquerque, New Mexico, paying US$110 , UPSIDE CEO and editor. "We look forward to watching the progress of all of the UPSIDE Hot 100 Award winners over the next year or so and hope they continue being newsmakers as they move from being privately held to possibly becoming publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. ." About Chromatis Chromatis Networks (www.chromatis.com), selected as one of UPSIDE's Top 100 Private Companies (May 2000), develops and manufactures next-generation optical transport solutions that provide carriers with dramatic improvements in the cost, efficiency, scale, and management of multi-service metro networks. Chromatis' flagship Metropolis(TM) product family is the first integrated optical transport solution in the market and represents the most complete, scalable, and manageable metro solution available. All Metropolis products incorporate Chromatis' award-winning Selective Wave Division Multiplexing(TM) (SWDM(TM)) technology, allowing service providers to scale network capacity quickly and cost effectively by using DWDM (dense wave division multiplexing) technology on an as-needed, where-needed basis. SWDM received a Category Breaker Award from Network World magazine in November 1999. Founded in 1997, Chromatis is headquartered in Herndon, Virginia, and is led by a seasoned team of executives with wide experience in transmission systems and data networking from companies such as Nortel, Cascade, Ciena, 3Com, US Robotics, Scorpio Communications, Newbridge Networks, and ECI Telecom. The company has received more than $50 million in funding to date from leading venture capitalists including Crosspoint, ComVentures, Jerusalem Venture Partners, Soros Private Equity, Chase Capital, Lucent Venture Partners, and Eucalyptus Ventures. |
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