COLORADO SPRINGS, Colo. Three executives with roots in Lucent Bell Labs and Photoris Inc. have launched a new company, Nistica Inc., which has received Series A funding. William Cadogan, former chairman of ADC Communications, has been named chairman of Nistica.
Ashish Vengarsarkar, who oversaw the sale of Photuris assets to Mahi Networks Inc., and later helped guide the sale of Mahi to Meriton Networks, will serve as chief executive of Nistica. Thomas Strasser and Jefferson Wagener, researchers with experience in passive optical components, also are founders of Nistica.
The company is developing optical modules for scaling wave-division multiplexing to offer a more cost-effective alternative to Reconfigurable Optical Add-Drop Multiplexers, in order to link optical core backbones with access networks. Several companies have been examining "hybrid ROADMs" that combine ROADM features with DWDM front ends, though Nistica describes its own business as oriented toward subsystems.
Technology Venture Partners and PA Early Stage are among first-stage investors.