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Meriton Networks secures $54 million in Series C funding

Optical networking vendor Meriton Networks Inc. announced today that it has secured US$54 million in Series C fundi...


June 27, 2005  


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Optical networking vendor Meriton Networks Inc. announced today that it has secured US$54 million in Series C funding by a group of investors led by VantagePoint Venture Partners and Nomura International.

Ottawa-based Meriton said it would use the cash to further expand existing customer and strategic partner relationships.

“Carriers are looking for a flexible, cost-effective infrastructure that will smooth the migration to a converged IP/MPLS network,” said Cynthia Ringo, managing director and co-head of the communications and systems practice at VantagePoint Venture Partners.

With a focus on making telecommunications networks more flexible, easier to operate and less expensive, Meriton Networks has developed what it claims is the industry’s first end-to-end, fully managed high-speed metro/regional (HSM) services architecture.

The architecture consolidates key transport capabilities (ROADM/DWDM/CWDM and Wavelength/SONET/SDH switching) within a single network element.