[October 27, 2010] Francisco Partners acquires Source Photonics Tweet Oct 27, 2010 (Datamonitor via COMTEX) -- Francisco Partners, a provider of technology-focused private equity fund, has acquired Source Photonics Inc., a provider of optical communication products solutions. Near Margalit, CEO of Source Photonics, said: "Source Photonics provides a powerful value proposition to its tier 1 customers with its substantial China cost base, advanced technical capabilities, and high-growth business model. We believe Francisco Partners experience in the optical component space and in growing technology companies will help accelerate the next phase of Source growth, and we consider the investment a strong validation of our business strategy." Keith Geeslin, partner at Francisco Partners, said: "Francisco Partners has been engaged in the optical component space for many years and we are now pleased to announce our investment partnership with Source Photonics. We believe Source is a truly differentiated platform for growth and profitability in the optical component space and look forward to partnering with the management team to grow Source into one of the top global vendors for optical components." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]