Alloptic secures $24 million in funding

Alloptic announced it has secured an additional $24 million in a funding round led by its current investors, Arcapita Ventures and Ritchie Capital Management. The additional funds will fuel the company's continued global market expansion, extend its leadership position with the MicroNode product in the RF over Glass (RFoG) space, and protect its significant patent portfolio.

"We are optimistic about Alloptic's growth," said Tom Hawkins, Director of Arcapita Ventures. "In emerging markets, we see providers deploying the Alloptic solution to provide subscribers with affordable basic access. In developed markets, network operators are leveraging the bandwidth capabilities for advanced services, and with their 10G solution, Alloptic is ushering its customer base into the next generation of optical access networks."

Ric Johnsen, President and CEO of Alloptic, added "With the ongoing support of our investors, we have been able to gain traction in a number of key markets, especially with MSOs in North America. The MicroNode product, for example, has moved us to the forefront of the RFoG space. Of the 50 new customers we've added in 2007, over half are deploying our Hybrid PON technology."

Alloptic systems are in use around the world and the company offers years of field-hardened operational experience. The Alloptic solution blends industry-standard protocols and architectures with cutting-edge technology to deliver gigabits of bandwidth to residential and business users. With a patented ability to support traditional TDM over an Ethernet-based platform, Alloptic provides the full suite of emerging and legacy services for the complete range of voice, data, and video applications.

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