Kestrel Solutions

Mar 6, 2016

Kestrel Solutions' $100+ Million Funding Sets Record in Metro Telecommunications Equipment... -- re> MOUNTAIN VIEW, Calif., Jan. 24 /PRNewswire/ -- Kestrel Solutions' $100+ Million Funding Sets Record in Metro Telecommunications Equipment Space, Attracts Top Investors MOUNTAIN VIEW, Calif., Jan. 24 /PRNewswire/ -- Kestrel Solutions today announced a record $100+ million raised in its fourth round of financing, the largest amount of funding received by a private company in the metropolitan telecommunications equipment space. The new funding positions Kestrel to accelerate the expansion of its product portfolio and commercial production. Credit Suisse First Boston (CSFB) led the financing for this round. "CSFB found that the investment community was extremely enthusiastic about Kestrel's metro market solution," said Frank Quattrone, Managing Director, Head of the CSFB Technology Group. "I received many calls from investors inquiring how they could participate in Kestrel's financing. That kind of attention lets us know that both the public and private investment communities understand and applaud Kestrel's Optical FDM technology. " Designed to solve the metropolitan area bandwidth crunch, Kestrel's patent-pending multiplexing technique, Optical FDM, is a unique synthesis of three proven technologies -- FDM (Frequency Division Multiplexing), DSP (Digital Signal Processing) and Optical Modulation. When combined, these technologies provide the most bandwidth-efficient solution for the metro market, providing high capacity and full flexibility at a low cost. Kestrel's first product based on Optical FDM technology, the TalonMX(TM), will be introduced at the Optical Fiber Conference (OFC) in March 2000. "The metropolitan area network market holds tremendous opportunity for systems suppliers, and Kestrel's Optical FDM is a leading-edge technology for this space," said Catherine Lego, General Partner, the Photonics Fund. The Photonics Fund is one of Kestrel's key investors in its fourth round of financing. "We are gratified by the response of the investment community. Their enormous financial support confirms that Optical FDM technology is a sound solution for the metro market. We are pleased that they share our passion and vision for Kestrel's future," said Mel Gafner, Chairman of the Board, Kestrel Solutions. About Credit Suisse First Boston Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 15,000 employees. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group. For additional information about Credit Suisse, please contact Cheryl Popp, Vice President of Communications, 650-614-1630. About The Photonics Fund The Photonics Fund is a newly formed venture capital partnership focused on investing in early stage component, module, and systems companies in the fiber optic telecommunications marketplace. Its limited partners are JDS Uniphase (Nasdaq: JDSU) and VantagePoint Partners. For more information, please contact Catherine Lego, General Partner, 650-851-2785. About Kestrel Solutions Kestrel Solutions is an innovator in the field of optical networking, creating the foundation for a new breed of network transmission products. Founded in 1997, Kestrel's world class group of technology experts and seasoned managers visualized a new architecture combining proven technologies in a completely unique configuration. Working closely with customers, this architecture was transformed into a product that enables Kestrel's customers to solve today's problems and to provide a seamless path to the network of the future. Kestrel's participation in the Optical Domain Service Interconnect (ODSI) initiative, an open, industry-wide coalition formed to define a practical framework for interoperability between electrical and optical network service domains, further demonstrates the company's commitment to interoperability. Formed to solve the unique problems of the metropolitan market, Kestrel raises the standards for technology to meet the bandwidth capacity crisis. Kestrel is exceeding those requirements by providing a highly flexible, low-cost solution for transporting multiple signals over existing and new fiber networks. Located in Mountain View, CA, Kestrel Solutions employs over 180 people and has seven patents pending. Their professionals originate from the fields of telecommunications, optics, and satellite communications. Senior management derives extensive professional experience from companies like Lucent and Lockheed Martin. Kestrel is a privately held company. For more information about Kestrel Solutions, please contact Jennifer Goman, 650-237-7556, Ilene Adler, 415-288-0400, or visit the web site at www.kestrelsolutions.com. SOURCE Kestrel Solutions