Cosemi Technologies Acquires Optella

Cosemi Technologies Inc., a developer of high-speed connectivity solutions, announced the acquisition of Optella Co., a provider of optical connectivity for long-reach optical interconnect applications.

Currently focused on low-cost, plug-and-play, short-reach optical communication interconnects for video and data communications, Cosemi has identified broad opportunities in adjacent markets such as 5G radio fronthaul/backhaul and next-generation FTTx. Optella’s Rainbow Engine and C.O.O.L technology platform adds significant synergies to Cosemi’s technology portfolio and ushers in commercialization potential in these new markets.

Headquartered in South Korea, Optella will become a wholly owned Korean entity of Cosemi. Optella will maintain its current operating model, infrastructure, and employees. Under the terms of the acquisition, Optella’s founder and CEO, Sangsoo Lee, will become CTO for Optella Korea, and Dr. Nguyen X. Nguyen will become chairman of Optella Korea’s board of directors.