Start-up Actelis wins major contract with Qwest

Start-up Actelis Networks, which develops solutions for broadband communications over copper platforms, has landed a major contract with US telecommunications company Qwest Communications International (NYSE: Q). The company has its headquarters in California, with a development center in Israel. Actelis president and CEO Tuvia Barlev would not comment on the value of the deal, but it can be estimated in the tens of millions of dollars over its four year duration.

Actelis’s main product, “MetaLight Platform” enables service providers and enterprises to deliver high-bandwidth over multiple copper wires to customers to customers and organizations that do not have access to optical communications services, or do not wish to change their existing copper wire infrastructure.

Actelis was co-founded in 1998 by Barlev and chairman Kamran Elahian. The company has raised $97 million to date in four financing rounds. The company’s key investors include in venture capital firms Walden International, Vertex Venture Holdings, The Carlyle Group, France Telecom venture subsidiary Innovacom and ATA Ventures.

Published by Globes [online], Israel business news - www.globes.co.il - on May 8, 2006

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