NEWS & BUSINESS
HiLight Semiconductor completes $6M ‘B’ series venture capital round
THE ORIGINAL PUSH-PULL CONNECTOR
and evaluation teams, its laboratory facilities in Southampton, as well as
HiLight Semiconductor, based at the Southampton University Science Park, UK, has announced the completion of its third round of Venture Capital funding, following seed investment by Oyster Capital in 2013 and Series A funding led by Atlantic Bridge Capital in May 2015. The Series B funding, totaling $6.1m, was again led by Atlantic Bridge, but also had participation from a new strategic investor. HiLight says it plans to use the new funds to further expand its IC design, support Exfo has acquired Ontology Systems, a developer of real- Systems for $7.6 million Exfo acquires Ontology time network topology discovery and service- chain mapping. The combination of Ontology Systems’ expertise in mapping complex, cross-domain, multi-layer network topologies with Exfo’s end- to-end service assurance and real-time 3D analytics
create a Laboratory alongside the new larger design offices in Bristol.
Gary Steele, HiLight Executive Chairman,
commented, “We believe our new investors have been encouraged by our three-fold year-on-year sales growth this year and our ability to overcome the inherent technical challenges in using low-cost digital CMOS technologies in high- speed analogue and mixed- signal products.”
solutions is expected to deliver operators and analysts a comprehensive view across physical, virtual
and hybrid networks. Germain Lamonde,
Exfo’s founder, chairman and CEO, commented, “This strategic acquisition positions Exfo with agile, real-time visualisation and troubleshooting solutions that enable communications service providers to manage their networks more efficiently.” The acquisition is expected to be neutral to EXFO’s adjusted EBITDA in fiscal 2017 and accretive thereafter.
More than 75'000 connector combinations The modular design of LEMO products provides more than 75'000 different combinations of connectors with a large choice of contact configurations: Fibre optic High and low voltage Coaxial and triaxial Quadrax Thermocouple Fluidic and pneumatic Hybrid
Hengtong Cable Group and Inland Energy announce US collaboration
solar, wind, waste-to-energy, natural gas and waste coal. Hengtong USA products are designed and built to US standards and tested by US agencies. Initially, production will be provided through Hengtong’s international facilities, to capitalise on manufacturing and cost efficiencies. The company is now ramping up its American sales force and establishing its US distribution and service facilities.
The formation of Hengtong USA, a collaboration between Hengtong Cable Group of Suzhou, China and Inland Energy of California, USA, was announced at this year’s OFC. Hengtong Cable Group is one of the largest and most successful manufacturers of optical and electric power cables in the world, currently operating in 120 countries, with in excess of 13,000 employees. Inland Energy is a developer of major power plants of all kinds, including
Custom solutions Cable assembly
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ISSUE 9 | Q2 2017
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