Xtera, optical networking company, continues acquisition strategy — buys AscenVision

October 25, 2007 | Matt Marshall

Xtera Communications Inc., a Allen, Texas maker of optical-networking transport systems for the Internet backbone, has acquired San Jose, Calif.’s AscenVision Technology, a provider of wide-area network traffic management technology that allows more efficient use of available bandwidth.

The amount was undisclosed.

Here’s the statement.

Xtera is still a nine-year-old private company, one of those companies that has sucked up a huge amount of capital, struggled through the downturn and then forced to restart with a fresh infusion of capital in 2003.

It has no plowed through about $212 million in funding, with a recent injection of $52 million coming in August from New Enterprise Associates, ARCH Venture Partners and Wellcome Trust of London — to help it acquire other companies, including the recently bought AlanDick UK.

Previous investors included Sevin Rosen Funds, ComVentures, Star Ventures, EDF Ventures, Hook Partners, Rho Ventures, CenterPoint Venture Fund, InterWest Partners and Berkeley International.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.