Xtera
Xtera Communications, Inc. was a provider of optical transport solutions, specializing in Raman amplification-enabled systems for terrestrial and submarine networks. Founded in 1998 and headquartered in Allen, Texas, the company catered to telecommunications service providers, content service providers, enterprises, and government entities globally. Xtera offered a range of products and services, including un-repeatered and repeatered optical systems, designed to enhance network reach and capacity. Its solutions were tailored to meet individual customer needs, encompassing full turnkey systems, open architecture designs, and specific product supply. Despite its previous success in expanding its customer base and product portfolio, Xtera faced financial difficulties that led to its Chapter 11 bankruptcy filing in November 2016, which was later converted to Chapter 7 liquidation in February 2017.
Top Stages
5 past transactions
Polariq
Acquisition in 2010
Polariq Ltd. develops solutions for polarization mode dispersion which reduces random spreading of optical pulses in optical fiber and limits the rate at which data can be transmitted over a fiber.
Meriton
Acquisition in 2008
Meriton is a manufacturer of mechanical engineering devices designed to facilitate the construction of office buildings, residential homes, and other commercial structures. The company specializes in heating, ventilation, and air conditioning (HVAC) systems, providing essential solutions for the construction industry. Founded in 2019 and headquartered in Dallas, Texas, Meriton aims to enhance operational efficiency and foster growth among its portfolio companies. To achieve these objectives, the company has made substantial investments in customized software, information technology, finance, accounting, marketing, leadership development, and human resources. This comprehensive approach allows Meriton to support companies in transitioning ownership and achieving long-term growth without the constraints typically imposed by external stakeholders.
Azea Networks
Acquisition in 2007
Azea Networks Limited, provides world-class submarine optical networking solutions Azea Networks provides world-class submarine optical networking solutions that allow operators to exploit the full potential of their existing cable assets. Azea is uniquely focused on delivering substantial, and cost effective, capacity gains over existing undersea systems. The Azea team combines extensive optical engineering experience in characterisation, system design, modelling and product implementation to provide technologies and services that are a compelling alternative to the cost and risk of deploying new submarine cable systems. Azea’s head office is in London, with manufacturing in Scotland and a number of regional support offices.
AscenVision Technology
Acquisition in 2007
As of October 23, 2007, AscenVision Technology Inc. was acquired by Xtera Communications, Inc. AscenVision Technology Inc. develops networking technologies for network management, security, and performance. The company's products include AscenLink, which is a WAN load balance managing solution and AscenGate that is an Internet content management device. The company was founded in 2000 and is based in San Jose, California with additional offices in Taipei, Taiwan and Beijing, China
Metro Optix
Acquisition in 2003
Metro-Optix develops hardware for telecommunications companies that want to transition from circuit-based services to cell- and packet-based services. The hardware essentially reduces the number of hardware boxes needed, such as routers, which the networks feed into.
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