11/15/2002 - Agilent Technologies announced that Agilent Ventures (AV) has made an equity investment in Infinera, a privately held company that produces innovative solutions for the optical network telecommunications industry. The amount of the Agilent investment was not disclosed.
Founded in early 2001, Infinera develops telecommunications network systems around their optical component technology. Infinera's architecture substantially lowers capital and operating costs of the network.
"Our investment in Infinera reflects Agilent Ventures' commitment to invest in and partner with innovative technology companies despite the current economic downturn," said Maximilian Schroeck, managing director for AV. "The synergies between the two companies offer possibilities for moving beyond the funding relationship into a long-term, mutually beneficial technology partnership."
"We are delighted to have Agilent as a strategic investment partner with expertise across a wide range of high-speed communication technologies, from test equipment to networking components," said Jagdeep Singh, president and CEO of Infinera.
Headquartered in Sunnyvale, Calif., Infinera is developing solutions that dramatically change the economics for telecommunications networks. Infinera's investors include Accel Partners, Applied Materials Ventures, Benchmark Capital, Cypress Semiconductor, Juniper Networks, Kleiner, Perkins Caufield & Byers, Sprout Group, Venrock Associates, and Worldview Technology Partners.
About Agilent Ventures
Agilent Ventures is a business unit of Agilent Technologies Inc. dedicated to investing globally in groundbreaking, privately held, early-stage technology companies.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global technology leader in communications, electronics and life sciences. The company's 37,000 employees serve customers in more than 120 countries. Agilent had net revenue of $8.4 billion in fiscal year 2001.
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