JDSJDS Uniphase invests in Avantas Networks
JDS Uniphase Canada Ltd JDU
Shares issued 293,156,184 Jan 8 2001 close $69.650
Jan 8 2001 4:36:36
Ms. Alison Reynders reports
JDS Uniphase Corporation has completed a minority equity investment in Avantas Networks Corporation, a privately held telecommunications network testing equipment company based in Montreal, Que. The terms of the investment were not disclosed. No approvals under Canadian or U.S. antitrust or competition laws are required in connection with the investment.
The Avantas Networks product family focuses on the testing and quality of service assurance of telecommunications networks. The explosive growth of the optical transport market has coincided with the convergence of various physical and software protocols in the telecommunications infrastructure, such as DWDM, Sonet/SDH, ATM and IP. Avantas' products address the needs of network operators and system providers that require ever more sophisticated network testing, surveillance and service assurance in this increasingly complex and fast-moving environment. Avantas currently has 55 employees and was formed in November 1998.
"We have made this investment because we believe that Avantas' technology can help our customers more effectively deploy and manage their increasingly complex networks," said Joe Ip, Senior Vice President of Product Strategy for JDS Uniphase. "Together we can better understand our customers' current and future needs, not only in regards to network testing, but across all aspects of network architecture and design."
"A partnership with JDS Uniphase will enable us to accelerate time to market for our advanced products," added Sami Yazdi, chief executive officer of Avantas. "The significant financial, technical and customer relationship strengths of JDS Uniphase will allow us to deploy the next generation of higher speed, higher functionality products sooner than we otherwise could."
Avantas Networks Corporation, a privately held telecom network testing equipment company based in Montreal, Que., designs and markets leading-edge fiberoptic telecom test instruments for global service providers and telecom equipment manufacturers. The Avantas Networks product family focuses on the testing and quality of service assurance of SONET SDH, DWDM and Datacom networks.
https://www.avantas.com/products/summary.html