Equity Firm Buys Source Photonics
CHATSWORTH, Calif., Nov. 1, 2010 — Source Photonics Inc. has been acquired for an undisclosed amount by technology-focused private equity fund Francisco Partners of San Francisco, the optical communication products maker announced last week.
“We believe Francisco Partners’ experience in the optical component space and in growing technology companies will help accelerate the next phase of Source’s growth, and we consider the investment a strong validation of our business strategy,” said Near Margalit, CEO of Source Photonics.
Keith Geeslin, a Partner at Francisco Partners, said the firm has been active in the optical component space for many years. “We believe Source is a truly differentiated platform for growth and profitability in the optical component space and look forward to partnering with the management team to grow Source into one of the top global vendors for optical components,” Geeslin said.
Source Photonics makes optical communication products used in telecommunication systems and data communication networks, including passive optical network subsystems, optical transceivers used in the enterprise, access, and metropolitan segments of the market, as well as other optical components, modules and subsystems.
For more information, visit: www.sourcephotonics.com
- Pertaining to optics and the phenomena of light.
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