Swiss manufacturer of Indium Phoshide (InP) based opto electronic components, Opto Speed, has completed its second round of financing with a further investment of 10m from ABN AMRO Capital, following the 20 million investment by The Carlyle Group in March 2002.
The company plans to use the funds to open a U.S office and increase its sales and marketing activity. The company will also fund further research in 10G/bits and 40G/bits optical components, monolithically integrated opto-electronic devices and next generation components.
"The funding received from Carlyle and ABN AMRO, both experienced investors in the telecommunications sector, is a powerful endorsement of our position in the marketplace," said Jean Brunol chief executive officer of Opto Speed. "Our investors' capital and in depth knowledge of our industry are critical in helping us expand the capacity of the business and return to profitability."