Cosemi acquires Optella to open new markets

Share this on social media:

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.’

Recent News

15 October 2021

Lumentum has awarded its first diversity, inclusion, and belonging (DIB) scholarships to 16 applicants from its 2021 internship program.

13 October 2021

Ciena and not-for-profit organisation, Academy Achievers are collaborating to help close the digital and educational gap among students interested in science, technology, engineering, and math (STEM) careers.

12 October 2021

Private investment house Ardian, has made its first investment in the Spanish telecoms market with the acquisition of operator Adamo from EQT Private Equity.

11 October 2021

UK ISP and network builder, Upp has partnered with network design and build firm Light Source to help deliver its FTTH connection across Lincolnshire.