Summit Partners Invests in Domaille Engineering, LLC.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Jan. 23, 2001 Summit Partners, a private equity investor with offices in Boston, MA and Palo Alto, CA, announced today it has invested in Domaille Engineering, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading provider of high precision manufacturing equipment for the fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber industry. "Our investment in Domaille Engineering adds to our exceptional track-record of investing in world-class fiber optics companies. We believe Domaille's products are second-to-none in quality, precision and customer value, and we are proud to be partners with Mike and Nancy Domaille and their company," stated Joseph F. Trustey, Managing Partner at Summit Partners. Founded by Mike and Nancy Domaille in 1990, Domaille manufactures a series of polishing machines, polishing fixtures, and rubber polishing pads used to finish the ends of fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power for connectors and mechanical splices. In addition, Domaille designs, develops and manufactures other custom precision machining products for the fiber optic cable industry. Domaille polishing instruments are differentiated by their precise machining and measuring capabilities. Domaille is based in Rochester, Minnesota. "As a rapidly growing technology company, Domaille Engineering was 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. a partner with an in-depth understanding of our industry and a proven track record. Summit Partners' wealth of expertise in growing technology companies will assist us in turning our worldwide leadership vision into reality," stated Co-Founder Nancy Domaille. For more information on Domaille Engineering, LLC, call 507/281-0275 or visit the company's website at www.domailleengineering.com. Summit Partners is one of the most successful private equity firms in the United States. Since its formation in 1984, Summit has provided growth equity capital to over 215 companies, which have completed over 100 initial and follow-on public offerings and more than 60 mergers. Notable companies financed by Summit include Ditech Communications, E-TEK Dynamics, Finisar Corporation, MCK MCK McKinsey & Company (consulting firm) MCK Mohawk Council of Kahnawake (Quebec) MCK Mon Colle Knights (children's TV show) MCK Mirror Classes Kit MCK Maintenance Check Communications, Network Associates/McAfee Associates, OPNET OPNET Operations Network OPNET Olympic Peninsula Narcotics Enforcement Team OPNET Operational New Equipment Training OPNET Optimized Network Evaluation Tool OPNET SMDPS Phase III Operational Network Technologies, Powerwave Technologies, Somera Communications, Stanford Microdevices and Xylan xylan /xy·lan/ (zi´lan) any of a group of pentosans composed of xylose residues; major structural constituents of wood, straw, and bran. Corporation. Summit Partners has a capital base of over $6.0 billion and invests through its venture capital, private equity, subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". and hedge funds. Its principal investors are Fortune 500 corporations, pension funds, university endowments, financial institutions, and previously financed Summit entrepreneurs. Summit Partners maintains a website at www.summitpartners.com. (c)2000 Summit Partners, L.P. SUMMIT PARTNERS is a trademark of Summit Partners, L.P. |
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