Optical burst switch developer Intune Networks in receivership
Irish optical transport and switching technology developer Intune Networks last month entered receivership, Ireland’s version of bankruptcy proceedings, according to local reports (such as this from Finfacts Ireland and this one from the Irish Times). Investors in the company, whose Verisma iVX8000 combination optical burst switch/optical transport system at one time seemed to be making headway with a pair of Tier 1 carriers, appear to have hopes of selling it. However, the firm currently doesn’t have the money to pay severance to workers it laid off last fall, the reports state.