Luminous raises $25 million, signs worldwide reseller agreement with CIENA

25 September 2003 Linthicum, MD, and Cupertino, CA Lightwave -- Multiservice transport platform provider Luminous Networks and networking solutions provider CIENA Corp. have signed a worldwide reseller agreement. Per the agreement, CIENA will market, sell, and support Luminous Networks' entire PacketWave family of products. Luminous has also announced series E funding totaling $25 million.

25 September 2003 Linthicum, MD, and Cupertino, CA Lightwave -- Multiservice transport platform provider Luminous Networks and networking solutions provider CIENA Corp. have signed a worldwide reseller agreement. Per the agreement, CIENA will market, sell, and support Luminous Networks' entire PacketWave family of products. Luminous has also announced series E funding totaling $25 million.

Luminous Networks' PacketWave products, which can efficiently aggregate data traffic and provide cost-effective support for TDM services, are interoperable with CIENA solutions, including ONLINE Metro, ONLINE Edge, CoreDirector, and the DN family of multiservice switches. The work necessary to integrate PacketWave into CIENA's ON-Center(r) Management Suite is already underway.

"Luminous' platform complements CIENA's LightWorks architecture," asserts Gary Smith, president and chief executive officer of CIENA. "As CIENA continues its push toward more access-focused, multiservice solutions for converged networks, PacketWave extends our reach while enabling a more comprehensive overall solution for pull-through opportunities. We look forward to working with Luminous in answering the network needs of our current and future customers."

Luminous' PacketWave platform further enhances the ability of CIENA solutions to enable revenue-generating services for telecommunications carriers and cable service providers throughout their networks--from the edge to the core, claim the companies. PacketWave's packet-based architecture significantly reduces transport and operational costs, since it carries voice, data and video services over a single network with a common management and provisioning system.

Luminous also announced today that it has raised $25 million in series E funding. The investment was led by CIENA and by venture firm DCM-Doll Capital Management. The round was supported by investments from all the significant current investors, including DynaFund Ventures, Vanguard Ventures, Morgan Stanley Venture Partners, Scientific-Atlanta Inc., and Pyramid Technology Ventures. This latest round of funding is expected to carry the company into profitability by mid-2004.

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