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Opticalis gets new CEO, moves into new headquarters, secures $3.5M Series B funding
March 20, 2002
CENTER VALLEY, Pa. -- Opticalis, creator of revolutionary, patent-pending Super Wavelength Division Multiplexing (SWDM) optical technology -- designed to cost-effectively resolve Metro market bottlenecks by increasing bandwidth transmission across existing infrastructure -- has experienced a surge of growth and expansion in the U.S. including the opening of new headquarters, initial Series B funding and a newly appointed president and CEO. Visit Opticalis during Optical Fiber Communications 2002 in Suite # 9-212, Hilton Anaheim, 777 Convention Way, Anaheim, CA. Opticalis' Series B fund (which is still open) now includes $3.5 million from Ridgewood VC (US) and GCP VC (US). And the company's new headquarters is strategically located in Center Valley, Pennsylvania, to enable easy access to a highly qualified talent pool. Accordingly, the company has named its new president and CEO, Glen Riley. Mr. Riley previously served as Vice President and General Manager of the Optical Core Networks Division of Agere Systems (Lucent Technologies' Microelectronics Group), responsible for the overall product strategy and P&L of that division. "I am pleased to join this innovative optical networking company," said Mr. Riley, Opticalis' president and chief executive officer. "Opticalis will enable essential efficiencies for metro core and access networks. I am looking forward to bringing this technology to market and leading the charge for new investment." Opticalis Inc.For more information on OFC 2002, please visit: www.nottheofc.com
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