Opto Speed, a developer and manufacturer of innovative Indium Phosphide based opto-electronic components, secured 20 million Euros ($17.5 million)in a second round of financing led by The Carlyle Group, a leading venture capital firms. A syndicate of additional investors is expected to complete the financing round.
Since it was founded in 1995, Opto Speed has established itself as an important player in the market and, from a European base, has achieved significant sales in the United States, Europe and Asia. Opto Speed boasts a diverse customer base that includes industry leaders Lucent, Infineon, Nortel, IBM and Intel. In addition, it supplies many next generation optical subsystems vendors, as well as test and measurement companies such as Agilent, Perkin Elmer and Acterna.
Seeking to further increase its market presence, Opto Speed will use the funds to open a US office and increase its sales and marketing activity. In parallel, the company will expand manufacturing capacity at its plants in Germany and Switzerland. In addition, funds will aid further research and development of 10Gb/s and 40Gb/s optical components, monolithically integrated opto-electronic devices and next generation components.
Opto Speed offers a comprehensive suite of products designed to support high-speed applications within communications networks. Its optical components address the needs of core, metro and access telecom equipment manufacturers, as well as datacom equipment manufacturers. Opto Speed offers transceiver manufacturers a complementary set of 2.5Gb/s, 10Gb/s and 40Gb/s photodetectors, Fabry Perot and DFB lasers at both 1300nm and 1550nm wavelengths as well as 1300nm and 1550nm Semiconductor Optical Amplifiers.
Opto Speed also designs and manufactures high power, high bandwidth Superluminescent LEDs for applications in communications as well as the medical, lighting and also test and measurement sectors. Finally, Opto Speed has developed a HBT Receiver, which combines a 40Gb/s photodiode with an electronic amplifier monolithically integrated on a single InP chip. The integrated HBT Receiver is currently being tested by several potential customers.
Opto Speed executives will be exhibiting the company's latest products at Optical Fiber Communication (OFC) 2002 in Anaheim, California (March 17th to 22nd). Opto Speed will be found at booth 3151.
For more information, visit www.optospeed.com.
