PXIT acquires FiberGrade
Dateline: 28 April 2004
Irish based firm PXIT, acquired the Boston start-up enterprise FiberGrade Inc. The acquisition is a further step in the broadening of PXIT’s product portfolio - this latest addition bringing FiberGrade’s knowledge and expertise in the transmission test industry on board.The acquisition was funded by a total investment of over $3 million from 4th Level Ventures and existing shareholders Delta Partners.
About PXIT (www.PXIT.com)
PXIT was formed through the merger of Tsunami Photonics Ltd and PX Instrument Technology in May 2003. PXIT manufactures high performance optical and electrical PXI modules used to test a wide range of photonic components in the telecommunications, data communications and lighting markets. It also offers complete test and measurement solutions (instrumentation & software) to manufacturers of laser diode, LED and PLC components.
About FiberGrade (www.FiberGrade.com)
FiberGrade was founded in 2002 by Fadi Daou. FiberGrade is a provider of innovative and cost effective Signal Integrity Testing solutions for Broadband Electro-Optical Signals. Fibergrade has developed an innovative and disruptive technology using Vector SamplingTM enabling it to provide a very cost effective broadband signal analysis testing solution.
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Delta Partners Limited is regulated by the Central Bank of Ireland