FEBRUARY 26, 2008 -- Finisar Corp. (search for Finisar), a developer of fiber-optic products for high-speed networks, and Nistica (search for Nistica), a global supplier of agile optical modules, have partnered to provide reconfigurable optical add/drop multiplexers (ROADMs) to telecom system companies in Europe, China, and North America, utilizing Finisar's global sales channels. In a separate announcement by Nistica, Finisar has participated in a $9 million Series B funding round for the three-year-old New Jersey company.
Under the partnering agreement, Finisar will market through its sales channels all of Nistica's ROADMs, including the FLEDGE 2, FLEDGE 3, and FLEDGE 10 for edge node applications, and the new Full Fledge ROADM announced by Nistica. Finisar serves a large number of Tier 1 telecommunication and data communication OEMs worldwide.
Daryl Inniss, vice president of communications components with Ovum RHK, comments, "It is heartening to see emerging optical subsystem companies embrace innovative business models in addition to delivering unique technologies to the market...I believe this is a well-thought approach for an emerging optical component supplier to gain sales traction."