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Polatis Investors Bring $2.7M in New Funding for Company Growth

Financing secured for new product investment, scaling of production capacity and expansion of business development

ANDOVER, MA and CAMBRIDGE, UK - February 2, 2012 - Polatis, Inc. the performance leader in all-optical switch technology, today announced it has secured $2.7M (USD) in additional funding from the company's existing investors. Polatis is a privately held company backed by well known technology-focused venture capital and private equity investment firms in the USA and Europe.

This funding will be used to accelerate new product developments for growth markets in datacenter interconnect, carrier networking and government systems, further ramp in-house manufacturing capability, and expand business development resources worldwide.

"We are delighted that all of our major investors have contributed to this new round of funding," said Gerald Wesel, president and CEO of Polatis. "It underlines the increasing demand from our customers for Polatis' class-leading fiber-layer management solutions and shows we have real investor confidence and support for our business plans."

Polatis' investors include Flagship Ventures, JK&B Capital, DFJ Esprit, Encore Ventures, Alta-Berkeley Ventures, Massachusetts Technology Development Corporation, Prism VentureWorks and Gainesborough Investments.

 

About Polatis

Polatis delivers the world's lowest loss all-optical matrix switch solutions for remote fiber-layer provisioning, protection, monitoring, reconfiguration and test, with over 1000 systems shipped to end users and network equipment manufacturers worldwide. Dependable, field-proven DirectLight™ optical switch technology scales from 4x4 to 96x96 fiber ports, applying class-leading performance to provide dynamic optical networking for telecommunications, datacenter, government, test and video markets. To learn more please visit our website at: www.polatis.com

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DirectLight is a registered trademark of Polatis, Inc.

Polatis Contact:

Pamela DiMarzio Nelson
Polatis, Inc., pr@polatis.com
US +1 978.337.3153

Nick Warburton
Polatis, Inc., Nicholas.Warburton@polatis.com
UK +44 1223 394801