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Actelis Raises $22M

Ethernet-over-copper vendor Aactelis raises $22M to support corporate expansion

January 22, 2007

1 Min Read

FREMONT, Calif. -- Actelis Networks®, the Global Leader of Carrier Ethernet over Copper solutions, today announced it has secured an additional $22 Million in private capital in a round led by Adams Street Partners along with all of Actelis existing investors including ATA Ventures, Global Catalyst Partners, Dupont Capital The Carlyle Group, Innovacom Venture Capital, Vertex, Walden International New Enterprise Associates, and Independent Venture Fund, and also participated. Additionally, Thomas C. Dolson, the telecommunications investment partner for Adams Street Partners, will join the Actelis’ Board of Directors.

“Actelis Networks’ solution uniquely combines the industry’s most innovative transmission technology for bonded copper loops with full featured Carrier Ethernet switching capabilities,” said Mr. Tom Dolson, Partner Adams Street Partners. “Service provider customers continue to praise the company along with experts within the industry. Actelis only strengthens its position as the global leader of the Carrier Ethernet over Copper market with this infusion of capital to support continued corporate development and expansion.”

"The projects that we’ve recently announced with major customers around the world, demonstrate our leadership position in the rapidly growing global Carrier Ethernet over Copper market," said Tuvia Barlev CEO of Actelis Networks. "The backing of our investment partners enables the expansion of our corporate infrastructure to support the continued growth of the market. It will also enable us to sustain our market leadership by expanding our manufacturing, customer support and sales capacity world-wide."

Actelis Networks Inc.

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