In one of the last tech filings of the year, ANDA Networks has applied for an initial public offering on the Nasdaq that could raise almost $90 million.
ANDA manufactures equipment used by telecom carriers (primarily Verizon) to provide high-speed broadband to their customers. Founded in 1998, it has only had one profitable year, in 2005, but has steadily narrowed its average losses.
Investors in the Sunnyvale, Calif. firm include Venrock Associates, Highland Capital, Crimson Asia Capital, Saints Ventures, Cascade Capital Management and Fuhwa Venture Capital.
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