Alloptic secures $30 million in additional venture capital financing

Alloptic, Inc., a developer and deployer of Gigabit Ethernet Passive Optical Networks (GEPONs), the best communications network for today and tomorrow, announced that they have secured an additional $30 million in venture funding. Leading the rounds of financing were Ritchie Capital Management and GMG Capital Management.

Alloptic is an industry leader in the developing and deploying of IEEE Gigabit Ethernet Passive Optical Network (GEPON) technology. All around the world Alloptic’s access network solutions have been deployed and they offer the only GEPON solution with a history of several years of use and operation in the field. The Alloptic solution supports a standard ITU PON architecture, while delivering a gigabit of bandwidth. With an inhabitant ability to support traditional TDM voice over an Ethernet based platform, Alloptic solution is able to provide worry free telephone services while faultlessly supporting next generation services such as IP HDTV.

Alloptic delivers proven, standards-based, passive optical access equipment for many different Internet and Ethernet solutions, such as fiber-to-the-home, business, and multi-dwelling unit that simplifies fiber-to-the-premise (FTTP) deployment. Enabling ultra fast Internet, state-of-the-art cable TV and worry-free telephone service connected for little cost, reliable and efficiently at the speed of light. Alloptic’s unique, flexible technology enables service providers to deploy true triple-play services, including data, voice, and video. Alloptic’s network access equipment serves telecommunications carriers, communities and cable providers in the U.S. and worldwide.