Calient Raises $10M

George Schmitt elected chairman of board

November 1, 2007

1 Min Read

SAN JOSE, Calif. -- Calient Networks, a leading supplier of intelligent fiber management systems based on all optical switching, announced that it has secured $10 million in additional funding, led by TeleSoft Partners with participation from Enterprise Partners Venture Capital, Sofinnova Venture, Wall Street Technology Partners, and other current investors. The cash will be used to accelerate production, expand sales, and address new markets driven by the growth of fiber infrastructure for fiber-to-the-home and other emerging applications.

With the completion of this round of funding, George Schmitt, Managing Director of Telesoft Partners, was elected as Chairman of Calient’s Board of Directors. Mr. Schmitt has more than 40 years of broad telecom experience in wireless and wireline companies, including e.spire Communications, Omnipoint, LHS Group, Objective Systems Integrators, PCS PrimeCo, AirTouch Communications, Mannesmann Mobilfunk (Germany), Pacific Telesis, Pacific Telephone, and AT&T. Calient’s CEO, Daniel Scharre said, “George’s breadth of experience and deep industry contacts will be of immense value to Calient as it continues to expand its markets and sales.”

Calient Technologies Inc.

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