Fujikura, a Japan-based electronic products company, bought optical networking company Nistica, one of the Japanese company’s corporate venturing portfolio companies, on 9 April, for an undisclosed sum.
Noboru Sugiyama, senior vice president and member of the board, said: “Fujikura has been a strategic partner of Nistica and an investor in Nistica since 2007. The steady growth in high-volume delivery of wavelength selective switches and the transparent working relationship between our teams convinced us that acquiring Nistica’s talent was the logical next step in our partnership. We are delighted to support this team in its tradition of launching innovative products into the marketplace.”
Nistica was founded in 2005 by Jefferson Wagener and Thomas Strasser. It has raised $31m from Fujikura, Mizuho Capital, part of the Japan-based bank, NTT Electronics, an optial communications company, and also has backing from venture firms Battelle Ventures, Novitas Capital, Technology Venture Partners, MMV Financial, and Bill Cadogan, Nistica’s chairman, and Kal Shastri, an entrepreneur.