News: Portfolio 2008

Battelle Ventures, Affiliate Invest in Nistica, Supplier of Agile Optical Modules;
Lead $9-million Series B Round To Boost Broadband Triple Play Networks

Nistica also reports $1 million investment from N.J. Economic Development Authority

PRINCETON, N.J., Feb. 25, 2008 – Battelle Ventures, LP, and its affiliate fund, Innovation Valley Partners (IVP), have led the $9-million Series B funding round of Nistica, Inc., a global supplier of agile optical modules that simplify, automate and make affordable the delivery of high-bandwidth applications.
 

“Nistica differentiates itself from others in the agile optical networking (AON) field by being able to combine low cost with high performance, enabling systems providers across multiple industries to meet broadband demand for the ever-increasing ‘triple play’ of market applications in voice, video and data,” said Battelle Ventures/IVP General Partner Ralph Taylor-Smith. “Others who are in the triple-play supply chain simply haven’t succeeded on the low-cost front.”