Cable and telco broadband and video tech supplier ATX Networks Corp. has completed an acquisition of InnoTrans Communications, a San Jose-based maker of optical transport products for cable operators designed to conserve fiber by delivering signals over long distances.
Toronto-based ATX said its scale and resources will help to accelerate new product development and help InnoTrans boost its profile in the HFC access market.
Mani Ramachandran, InnoTrans’s founder and CEO, will now serve as president of a newly created Optical Network Solutions Division within ATX.
“InnoTrans represents a highly strategic and complementary investment,” president and CEO Ken Wildgoose said, in a statement. “Together, we plan to continue delivering outstanding network solutions and innovative new products in collaboration with our valued customers.”
H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with more than $20 billion of equity capital under management, is pleased to announce that its portfolio company, ATX Networks Corporation
Camilo E. Horvilleur, managing director at H.I.G. Capital, a private equity firm with ATX in its portfolio, called the InnoTrans deal a “transformative investment” for ATX.
InnoTrans was founded by the technical team behind Synchronous, a company acquired by Motorola in 2002.