CWDM vendor nets third round funding
October 11, 2002--Transmode Systems AB of Sweden has attracted $8 million of third-round funding. The company, founded in 2000, makes CWDM equipment.
October 11, 2002--Transmode Systems AB (www.transmode.com) of Sweden has attracted $8 million of third-round funding. The company, founded in 2000, makes CWDM equipment.
Amadeus Capital Partners and European Equity Partners, who already had stakes in the company, led the most recent funding round. The company will use the funds to develop new features on its existing products and expand its sales force.
The company's CWDM products include line interface cards, multiplexer/demultiplexers, and optical add/drop multiplexers, as well as a network management system. Last month, Transmode Systems announced that it had teamed with Vtesse Networks of the UK in a field trial of an amplified CWDM system over 200 km. The trial involved linear optical amplifiers (LOAs) from Genoa.
Transmode claims to have been shipping CWDM systems since March 2001. It introduced an OADM in August 2001 and launched logical ring products in November 2001. Under an agreement with Net Insight of the U.S. announced earlier this year, the American firm will resell Transmode's products and the companies will jointly market a bundled metro and media network solution in Europe and United States.