Cosemi Technologies has acquired South Korea-based optical connectivity provider for long-reach optical interconnect applications, Optella.
Currently focused on low-cost, plug-and-play, short-reach optical communication interconnects for video and data communications, Cosemi identified opportunities in markets such as 5G radio fronthaul/backhaul and next-generation FTTx, for which it believes Optella’s Rainbow Engine and C.O.O.L technology platform could add synergies to its portfolio.
It is planned that Optella will become a wholly-owned Korean entity of Cosemi, maintaining its current operating model, infrastructure and employees. Under the acquisition terms, Optella’s founder and CEO, Sangsoo Lee, will become CTO for Optella Korea and Dr Nguyen X. Nguyen will become chairman of Optella Korea’s board of directors.
Commented Dr Nguyen: ‘Together, Cosemi and Optella are well-positioned to gain increasing traction and drive toward the next phase of innovation and growth. We remain committed to supporting today’s unprecedented data growth and, as we expand our target markets, Optella’s technology platform fits into our strategy very nicely.’
Added Lee: ‘Over the past three years, we’ve worked hard to build a first-class team that is focused on creating reliable, low-cost, low-power optical solutions with a small footprint. Aligning with Cosemi gives us access to their expertise and experience in taking technology from concept to design to volume manufacturing – which will accelerate our time to market.’