Fujikura, a global supplier of optical fibers and fiber-optic components, agreed to acquire privately-held Nistica for an undisclosed sum.
Nistica, which is based in Bridgewater, New Jersey, supplies wavelength selective switches to Network Equipment Manufacturers. Nistica’s FULL FLEDGE series of wavelength selective switches have been deployed in low port-count 1x2 and 1x4 applications, and the newly launched high port-count FOURIER modules are being designed into systems geared toward colorless, directionless, contentionless and gridless networks.
“Fujikura has been a strategic partner of Nistica and an investor in Nistica since 2007," said Noboru Sugiyama, Senior Vice President and Member of the Board. “The steady growth in high-volume delivery of wavelength selective switches and the transparent working relationship between our teams convinced us that acquiring Nistica’s talent was the logical next step in our partnership. We are delighted to support this team in its tradition of launching innovative products into the marketplace."
NTT Electronics Ltd. (NEL) will continue to hold its shares in the company going forward.
http://www.fujikura.co.jphttp://www.nistica.com
- Nistica was founded in 2005 by Jefferson Wagener and Thomas Strasser, and has raised $31M in equity investment from Battelle Ventures, Novitas Capital, Technology Venture Partners, MMV Financial, Mizuho Capital, Fujikura Ltd., NTT Electronics and notable industry individuals Bill Cadogan and Kal Shastri.
