Transmode and Lumentis to Merge, Targeting Metro DWDM

Transmode Systems AB and Lumentis AB, both start-ups based in Stockholm, will merge to create a larger company focused on metro WDM components. The new company will use the Transmode name.

Through the merger, which is effective immediately, Transmode has become a major supplier to telecommunications operators, MSOs, systems integrators, enterprises, utilities, public institutions and OEM partners worldwide. The new organization also has stronger financial backing, with Transmode having closed a $15 million financing round last December and Lumentis raising $9 million in June 2004. The total investment to date in both companies is $81 million, and existing investors Amadeus Capital Partners, POD Holding, HarbourVest, European Equity Partners.
http://www.transmode.com