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16 August 2011
 
Automated fibre management solutions for data centres and access networks represent a growing market.  FiberZone Networks is well positioned to tap into this opportunity thanks to a $12m (€8.4m) round of financing.
S-Group Capital Management led the round and existing investor Novak Biddle Venture Partners participated. FiberZone also announced the appointment of Vladimir Yakushev, managing partner and Aidar Gabidoullin, partner at S-Group Capital Management, to its board of directors.
 
“With this funding round FiberZone will embark on a rapid sales and business development expansion in developed countries as well as emerging markets to address the explosive growth of next-generation networks and data centres in the communications industry,” said Yosi Lahad, FiberZone's chief executive.
 
“FiberZone’s technology has solved a critical problem for next generation networks being deployed today by automating fibre management; thereby service providers can minimize network outages and restore service more quickly when they occur,” said Vladimir Yakushev, managing partner at S-Group Capital Management.  “With very strong optical performance, a power-less latching mechanism, and scalable, low-cost architecture, FiberZone is a strong and significant investment in our portfolio.”
 
Founded in 2003, FiberZone has offices in Bethesda, MD, and Israel.
 
By Pauline Rigby