High-speed optical co. Photonera absorbs rival Intexys
Photonera, maker of optical equipment to facilitate high-speed connections, announced that it bought Intexys, its French peer. Still in stealth mode, Sunnyvale, Calif.-based Photonera did not disclose any other information about the deal.
Little is known about the company’s products (slated for release in the next few months) except that they’ll help run interconnection and storage systems in data centers. The acquisition will give Photonera ownership over all of Intexys’ assets and intellectual property — but it will continue to provide support to the smaller company’s clientele.
Previously, Intexys brought in an undisclosed amount of capital from BNP Paribas Private Equity, CEA Valorisation, Emertec, LC Capital and UFG Private Equity. Photonera’s funding history has also been kept under wraps.
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About the Author, Camille Ricketts
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