Opto Speed completes EUR30m financing round
30 October 2002 -- Opto Speed says that new investor ABN AMRO Capital has joined the previously announced EUR20m second round of financing led by The Carlyle Group in March 2002, bringing the total to EUR30m.
30 October 2002 -- Optoelectronic module manufacturer Opto Speed says that new investor ABN AMRO Capital of The Netherlands has joined the previously announced EUR20m second round of financing led by The Carlyle Group in March 2002. This brings total second-round investment to EUR30m.
Opto Speed will use the funds to open a US office and increase its sales and marketing activity. Also, the funds will aid further R&D of 10 and 40Gbit/s optical components, monolithically integrated optoelectronic devices and next-generation components.
Opto Speed was established in 1995 and - via a technology transfer from ETH Zurich and Deutsche Telekom's Optoelectronic Group - develops, makes and sells indium phosphide (InP) based optoelectronic components.
Opto Speed offers high-speed products such as lasers, photodetectors, optical-front-ends, SOAs and superluminescent diodes, designed to support 2.5, 10 and 40Gbit/s applications.
"In addition to having among the world's deepest R&D and production skills in indium phosphide based optical components, Opto Speed has customer relationships with first-tier clients across the globe," said Machiel Papousek, executive director of ABN AMRO Capital.