Civcom and XLight Announce Merger
Reston, VA and Tel Aviv, Israel, June 3, 2003. Civcom and XLight Photonics have agreed to merge their companies. The combined entity is well positioned to become a force in the market for dynamic optoelectronic components and sub-systems, which require the ability to be both fast and tunable. Both companies have generally available products that address current customer needs and provide the ability to scale as required. The new company combines product offering with financial stability.
The Civcom-XLight merger combines the strengths of both companies - advanced applied optics and innovative high-speed electronics - designed to meet the industry's demands for dynamic components. This class of components represents both carriers' and system vendors' needs to move toward networks that are flexible and upgradeable, while at the same time minimizing up-front capital expenditures and ongoing operational expenses. Integration of dynamic components into optical networks is one of the fastest ways to achieve major savings in both CAPEX and OPEX.
Civcom developed the industry's first ultra-fast solid-state optical switch using its patented Solid Free Space (SFSTM) technology, while XLight pioneered the world's first small size widely tunable 10 Gbps 300-pin MSA transponder. Fast, reliable solid-state optical switches provide up to 60% improved ROI on shared devices like optical performance monitors. Tunable transponders reduce both CAPEX and OPEX of optical networks by lowering sparing inventory levels of DWDM line cards by as much as 80% compared to fixed-laser modules.
"The technologies of our two companies present a unique opportunity to offer new ways to improve the ROI of optical networks", said Prof. David Mendlovic, founder and CEO of Civcom. "In today's world it is important to provide customers with components that address immediate needs without compromising on the need to adapt for future growth" added Prof. Dan Sadot, founder and CTO of XLight.
"Only two years ago it made sense to spin-off every activity that was innovative and allow small start-up companies to focus on specific devices. However, nowadays the requirements of system vendors and service providers are for integrated lines of components that can show real savings to the customers", said Avi Domoshevizki, General Partner with Concord Ventures and an investor in the company.
As part of the merger agreement the companies are also announcing an additional investment. "The new company now has financial resources that provide long-term financial stability" said Aaron Mankovski, Managing Director at Pitango Venture Capital. "Customer confidence will be high due to the comprehensive product range and promise of longevity of the company," he added.
The newly combined company will be exhibiting its products at Supercomm 2003 in Atlanta, Georgia June 2-5. They will be found at booth #11016.
For more information, visit www.civcom.com .
Laser Focus World