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25 January 2012
Optical transport systems vendor Optelian has acquired Versawave Technologies of Vancouver, British Columbia.  Versawave develops ultra-high bandwidth gallium-arsenide optical modulators based on a patented polarization modulation technology. Terms of the deal were not disclosed.
Founded in 2001 as JGKB Photonics, Versawave completed Series A investment round in 2002. Investment partners are Greenstone Venture Partners, Dow Chemical, Venture Coaches, Growthworks, and the Business Development Bank of Canada. JGKB launched Versawave in 2005 as a new product division focusing on high-speed optical modulators and engineering consultancy, and reorganised the company in 2006.  
The deal gives Optelian access to 100G technology.
A recent study from market research firm, Infonetics Research, has found that operators have a strong preference for deploying 100Gbps technology as they upgrade their networks (see Operators favour moving to 100G optical transmission). "Versawave brings exceptional technology for 100Gbps and will accelerate Optelian's growth into the next generation of highly integrated photonic systems," said Optelian's CEO, David Weymouth.
"Our acquisition of Versawave is very much a part of our core strategy of continuing to manufacture in North America and being as vertically integrated as possible to provide our customers with very cost-effective solutions and short lead times," he added.
Versawave, led by Hiroshi Kato, will continue to operate at its current Vancouver facility as a division of Optelian. Kato says that the "synergy with Optelian will enable Versawave to expand manufacturing, accelerate the making of new products and enhance customer support."
By Pauline Rigby