Ekinops nabs $20 million

OCTOBER 18, 2007 -- Optical transport and DWDM system provider Ekinops (search for Ekinops) says it has raised $20 million of additional capital. This second round of financing was led by Odyssée Venture and included OTC Asset Management as well as existing investors Auriga Partners, Equitis, Siparex, Société Générale Asset Management, and Ventech.

Ekinops says it is currently experiencing strong growth due to a number of new customer wins from telecommunications carriers in North America and in Europe. The company will use its new funds to strengthen its sales and customer support presence in these areas, to expand its operations, and to "capitalize on recent technological innovations."

"Fueled by the launch of the Ekinops 360 platform, we have been experiencing remarkable success in the optical transport market," states Didier Bredy, CEO of Ekinops. "We will use the new funding to build on that success by further consolidating our customer support capabilities. Also, we are now in a very good position to accelerate our reach to carriers who need to build and scale their optical networks faster, achieve a quicker ROI, and react swiftly to the needs of their customers."

Clipperton Finance, a corporate finance boutique focused on the high-tech and media sectors, advised Ekinops through this round of financing.

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