Thursday, October 26, 2006

Turin Acquires Assets of White Rock Networks

Turin Networks acquired the product portfolio and the majority of the material assets of White Rock Networks, a provider of next-generation optical transport products for metro networks, for an undisclosed sum. The deal expands Turin Networks' product portfolio and carrier customer base to over 300 customers worldwide.

White Rock Networks' product portfolio consists of the VLX 2020 Optical Transport System, the VLX 2006 Multiservice Access Platform, the VLX 300 and 400 Service Edge Concentrators and the VLXpert EMS.

  • In December 2002, White Rock Networks, a start-up based in Richardson, Texas closed $42 million in fourth-round venture funding for its next-generation optical transport systems for the local metro transport market. White Rock was focused on the Multi-service Provision Platform (MSPP) market as well next-generation SONET. White Rock tool a unique approach to the MSPP problem by breaking it into pieces - modular, stackable product elements. White Rock also featured a software-based control plane that transforms their modular "building-blocks" into a single network element. By that point, White Rock had raised $144 million since its inception in 1999. The new funding was led by Oak Investment Partners, and included all of White Rock's existing major investors: Oak Investment Partners, Mayfield Fund, Meritech Capital, Fremont Communications, Fremont Ventures, Investor AB (through its wholly owned subsidiary, Investor Growth Capital), Hook Partners, Gulf International Bank, and Pacesetter Capital Group. In additional, 3i, a leading international venture capital investment firm, joined the round.

  • White Rock Networks was founded in November 1999 and was headed by Lonnie Martin (previously President of ADC's Business Broadband Group).