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Tibit Communications, Inc. Announces Series A FundingPETALUMA, Calif., Jan. 31, 2017 /PRNewswire/ -- Tibit Communications, a Petaluma, CA based start-up developing next-generation pluggable devices designed to virtualize the access network using industry leading Ethernet switching, today announced $13.8M in Series A funding. The funding was provided by a combination of strategic investors and network operators. Tibit Communications provides a key component in the re-architecture of the central office into a data center. Small, low-power and low-cost pluggable devices from Tibit allow high-performance Ethernet switching systems in the market now and in the future to replace traditional access equipment — dramatically lowering costs and simplifying the network architecture. Tibit's initial products, the Tibit MicroPlug OLT and ONT, will provide FTTx PON fiber access from Ethernet switches, routers, or almost any device with an Ethernet port. Tibit provides the MicroPlug and a software solution to connect with industry leading Software Defined Networking (SDN) orchestrators. "Liberty Global is delighted to be partnered with Tibit Communications, which is making profund advancements in the way high-speed access is deployed in the network. Partnering with Tibit fits our strategic GIGAWorld ambition of bringing high-speed gigabit connectivity to homes and businesses as early as possible. The Tibit MicroPlug provides significant flexibility in the systems that we can use to provide FTTx. We can purchase FTTx solutions from a much wider supplier base and get one that best fits the deployment need," says Colin Buechner, Managing Director, Access Networks, of Liberty Global. "Tibit's patented MicroPlug technology allows service providers to unlock the hardware-centric solutions in the network today and move to a more open framework of revenue-generating, cloud-based open source software applications," said Richard Stanfield, Co-founder and CEO of Tibit Communications. "Tibit MicroPlugs are used to enable service providers to operate more like a data center, with an infrastructure built on commodity building blocks, open source software, x86-based servers and off-the-shelf equipment." Mr. Stanfield continued, "This transition allows operators to decrease both CAPEX and OPEX costs, reduce complexity in the network and increase the agility of the network by developing new applications as software platforms, resulting in a more rapid creation of new services and revenue. Strategic investors, networking equipment manufacturers and network operators have all recognized this breakthrough technology and provided their support for Tibit. We are very grateful to have been so well received in the market." For more information, visit www.tibitcom.com. Press Contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tibit-communications-inc-announces-series-a-funding-300399294.html SOURCE Tibit Communications, Inc. 
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