Pod Holding Portfolio Company Transmode Systems Acquires Lumentis.BOSTON and STOCKHOLM, Sweden -- Swedish Private Equity & Venture Capital Association (SVCA SVCA Soil Vapor Contaminant Assessment SVCA Sunland Village Community Association (Mesa, AZ) ) Presents Pod Holding with Award for Leadership in Transmode Financing Pod Holding, a private equity firm investing in leading Information and Communication Technology (ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. ) companies, today announced that Transmode Systems AB, one of its portfolio companies, has acquired a complementary leading Metro Wavelength Division Multiplexing See WDM. (communications) wavelength division multiplexing - (WDM) Multiplexing several Optical Carrier n signals on a single optical fibre by using different wavelengths (colours) of laser light to carry different signals. (WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. ) telecommunications company See telecom company. , Lumentis AB. The merger of top-performing 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. peers, both based in Stockholm, Sweden, will continue to operate under the Transmode moniker (1) A name, title or alias. See alias. (2) A COM object that is used to create instances of other objects. Monikers save programmers time when coding various types of COM-based functions such as linking one document to another (OLE). See COM and OLE. , and accelerate the combined company's penetration in the growing WDM global equipment market. Over the past five years, both Transmode and Lumentis have experienced rapid growth, with the total investment to date in both companies reaching $81 million. The new organization has more than 100 customers globally, an established network of value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. , and has won several awards from the investment community as well as the telecommunications industry press. Industry analysts have noted the promise of the WDM market. In his August 2004 report, Worldwide Metro WDM 2004-2008 Forecast and Analysis (Document Number: 31726), IDC Analyst Sterling Perrin estimates that the MetroWDM market will increase over the next five years at a 15.2% compound aggregate growth rate (CAGR CAGR See: Compound Annual Growth Rate ) to reach $1.4 billion by the end of 2008. In related news, the Swedish Private Equity & Venture Capital Association (SVCA) presented Pod Holding with its "Best Fundraise fund·raise or fund-raise also fund raise intr.v. fund·raised, fund·rais·ing, fund·rais·es To engage in fundraising. Verb 1. of the Year, 2004" Award for its leadership in syndicating Transmode's December 2004 $15M financing round which attracted HarbourVest Partners as a new co-lead investor. In addition to Pod Holding and HarbourVest, Transmode's latest financing round also included previous investors Amadeus Capital Partners and European Equity Partners. "Transmode and Lumentis are among Europe's most successful private telecommunications companies and we are excited by the possibilities this merger brings to furthering our leadership in the WDM global equipment market," said Tom Nyman, partner at Pod Holding. "We are honored to be recognized by the SVCA for our involvement in Transmode's last round of financing, and look forward to continuing to contribute to Transmode's success, collaborating with the management team over the coming months and years." For further information on Transmode and its merger with Lumentis, please visit http://www.transmode.se/press/press_releases.asp. About Transmode Systems Transmode Systems (www.transmode.com/se) is a leading global supplier of Optical Networking solutions. The company pioneered a new generation of optical transmission system built on CWDM (Course WDM) An optical transmission method that is used for shorter distances than dense WDM (DWDM). Also known as "wide WDM," CWDM transmits fewer channels and uses wider spacing between the channels for distances up to 60 km. Wider spacing up to 25 nm, compared to 1. technology, the System 1100, which redefined the price/performance benchmark for metropolitan and access networking and is now deployed in Service Provider and Enterprise networks globally. Based in Stockholm, Sweden, Transmode has now broadened its product portfolio to encompass next-generation edge aggregation solutions for SDH/SONET and dark fibre networks. About the SVCA The Swedish Private Equity & Venture Capital Association (SVCA) is an independent, non-profit association supporting the interests of companies and persons who are active in the Swedish private equity industry. The SVCA's objective is to promote an efficient private equity market, inform and educate about the industry and to promote entrepreneurship. For more information, please visit: http://www.svca.se. About Pod Holding Pod Holding is a private equity firm located in Boston and Stockholm that invests in leading Information and Communication Technology (ICT) companies. Founded in 2000, Pod Holding's deep domestic presence and investment activity in both the US and Nordic countries provide unique knowledge, insights and opportunities for successful company-building in each region. When combined with Pod's experienced team of investment professionals and strong global relationships across the ICT industry, the result is a unique US-Nordic franchise that drives growth and value for Pod Holding's portfolio companies and partners. For more information, please visit: www.podholding.com. |
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