ADVA Optical Networking SE / ADVA Optical Networking Acquires Engineering Division from Technology Incubator . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
New Team Members to Play Strategic Role in Developing Optical Monitoring Solutions
Munich, Germany. November 27, 2015. ADVA Optical Networking (http://www.advaoptical.com/) announced today that is has acquired an engineering division from technology incubator, mic AG. The talented team of engineers is specifically focused on the development of optical monitoring technology in fiber networks. Their skills will be key for ADVA Optical Networking as it continues to rapidly advance its popular ADVA FSP 3000 Access Link Monitoring (ALM) product. Since its launch in 2014, the ADVA FSP 3000 ALM (http://www.advaoptical.com/en/products/scalable-optical-transport/fsp-3000-alm.aspx) has been widely applauded for introducing a compact and easy-to-use optical monitoring solution - something previously missing from the marketplace. The new team members will be based in ADVA Optical Networking's Meiningen campus and will begin work as soon as the acquisition is finalized.
"We have one of the biggest engineering teams in the industry. It's this combined intelligence, this collective insight, that sets us apart," said Christoph Glingener, CTO, ADVA Optical Networking. "That's why this acquisition is so important. We're adding dynamic new talent to an already impressive engineering force. Our new team members will help us to further strengthen our layer 1 assurance strategy. In a world driven by cloud and mobility, service delivery and assurance are critical factors that can effectively decide the success or failure of cloud offerings. That's why our team will be working hard to explore new possibilities and rapidly implement new features. Make no mistake, in 2016, our FSP 3000 ALM will be a product to watch. I can't wait to see what our new team achieves."
ADVA Optical Networking's FSP 3000 ALM was introduced as a direct response to service providers' requests for more insight into their fiber access networks. Previously, this was only possible with very large and expensive optical monitoring equipment. By contrast, the ADVA FSP 3000 ALM is a small, non-intrusive device that operates independently of data networking equipment. This separation of fiber monitoring from services and applications enables the ADVA FSP 3000 ALM to monitor fiber access networks regardless of the bitrate and protocol the overlaying service is using. The ADVA FSP 3000 ALM gives service providers up-to-the-second knowledge of their fiber plant and an understanding of where and what action may need to be taken to ensure continued service availability.
"We're a company focused on developing the next generation of innovators - people who are going to help drive technology to new heights. It's our business and our passion," commented, Claus-Georg Müller, CEO, mic AG. "In many respects, ADVA Optical Networking is a kindred spirit. They understand how important it is to nurture talent; how important it is to invest in people and technology. They've seen on many occasions what happens when you do this. The ADVA FSP 3000 ALM is one clear example. With this acquisition, ADVA Optical Networking will gain an incredible team of engineers; people who have a deep understanding of optical monitoring equipment and will be able to rapidly propel the ADVA FSP 3000 ALM forward. I'm proud of each member of this team and can't wait to follow their next steps."
Watch this video for more information on the ADVA FSP 3000 ALM: https://youtu.be/ScBSQiNQvY0 (https://youtu.be/ScBSQiNQvY0).
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About ADVA Optical Networking
At ADVA Optical Networking we're creating new opportunities for tomorrow's networks, a new vision for a connected world. Our intelligent telecommunications hardware, software and services have been deployed by several hundred service providers and thousands of enterprises. Over the past twenty years, our innovative connectivity solutions have helped to drive our customers' networks forward, helped to drive their businesses to new levels of success. We forge close working relationships with all our customers. As your trusted partner we ensure that we're always ready to exceed your networking expectations. For more information on our products and our team, please visit us at: www.advaoptical.com (http://www.advaoptical.com).
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ADVA Optical Networking SE, Martinsried/Munich and Meiningen, Germany
www.advaoptical.com (http://www.advaoptical.com)
For Press:
Gareth Spence
t +44 1904 699 358
public-relations(at)advaoptical.com (mailto:public-relations@advaoptical.com)
For Investors:
Stephan Rettenberger
t +49 89 890 665 854
investor-relations(at)advaoptical.com (mailto:investor-relations@advaoptical.com)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ADVA Optical Networking SE via Globenewswire
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ADVA Optical Networking SE
Campus Martinsried, Fraunhoferstr. 9a Martinsried/Munich Germany
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