Acacia Communications Closes $20 Million in New Financing
Summary
MAYNARD, MA--(Marketwired - May 15, 2013) - Acacia Communications, the leader in delivering intelligent transceivers for ultra-high speed fiber optic transmission to the telecommunications infrastructure industry, announced today that it has closed a new $20 million round of financing with Summit Partners serving as the lead investor. Acacia has developed fundamentally innovative technologies that dramatically drive down the costs, size and power of high-speed fiber optics communication equipment. "Peter Chung, a Managing Director of Summit Partners said, "We believe Acacia has the team, the technology and the track record of execution necessary to deliver industry-leading solutions to its customers and superior financial performance for investors. "Comcast requires flexible, scalable and cost-efficient solutions that are enabled by coherent technologies and optimized photonic integration, where constant innovation is needed," he said.Acacia will utilize the new round of funding to execute its long-term growth strategy and deliver innovative solutions as the company expands into multiple markets and develops and/or acquires core technologies.Acacias industry-leading, coherent OIF-compliant AC100 modules provide unmatched optical performance for data center operators, cable operators and service providers. This document is intended solely to provide information regarding Summit Partners potential financing capabilities for prospective portfolio companies.