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June 4, 2001
ORLANDO, Fla. -- Optium, Inc. announced today that it has completed a $35.5 million equity financing round. This second round of funding brings the total amount of capital raised by the Company since its inception last November to $50 million. Optium has developed proprietary optical device and packaging technology that will radically alter the economics of high-speed voice and data transmissions. Optium, will be led by Paul Suchoski, formerly a co-founder and Vice President / General Manager of JDS Uniphase’s EPD Division in Bloomfield, CT and Eitan Gertel, formerly founder and Vice President / General Manager of JDS Uniphase’s TSD Division in Horsham, PA. Paul and Eitan have over 35 years of combined experience in the fiber-optics industry and have recruited a senior management team with an average of 15 years experience in the fiber-optic communications industry. The lead investors in the current round of financing were Kalkhoven, Pettit & Levin Ventures, LLC and Texas Pacific Group. Dan Pettit, formerly a CFO of Uniphase and President of European Operations of JDS Uniphase and cofounder with Kevin Kalkhoven, past CEO of JDS Uniphase, of Kalkhoven, Pettit & Levin Ventures, noted that “Optium has assembled an exceptionally strong management team and they have a great strategic plan based upon truly disruptive technology. We are delighted to have the opportunity to invest in Optium and expect them to be a great success.” Also participating in the round were Lee Munder Venture Partners and Dominion Ventures.Optium Corp.
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