Ekinops, a leading provider of optical transport and DWDM solutions, announced today that 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 is currently experiencing very strong growth due to a number of new customer wins from telecommunications carriers in North America and in Europe. The money raised will be used to strengthen EKINOPS' 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."
"We are very pleased to have the backing of such reputable investors and this round demonstrates the faith in EKINOPS as we penetrate further the rapidly-growing optical networking market. They see that this company is in a very strong position as demand for network capacity continues to rise, driven by applications such as video, storage, and Ethernet services," concludes Bredy.
"The incredible demand for video over the Internet has convinced us that the EKINOPS 360 platform will be a very strong contender in this booming market. We were impressed by EKINOPS' technological leadership, the relevance of its platform, and the high caliber of its management," acknowledges Julien Andrieux, Investment Officer at Odyssée Venture.
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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