Chromatis Networks

Company Overview

Snapshot

Founded in January 1998 by Orni Petrushka and Rafi Gidron, Chromatis Networks operated with 51–200 employees. The company was acquired by Alcatel-Lucent in June 2000, marking a significant exit in the telecommunications sector.

Business overview

Chromatis Networks developed next-generation transport solutions, focusing on metro optical networking systems. The company's technology was designed to enable carriers to meet the bandwidth demands of evolving metropolitan areas, operating within the mobile and telecom technologies sector.

Strategic signal

This acquisition highlighted the strategic importance of metro optical networking solutions in the telecommunications industry and provided a significant exit for the company's investors.

Company Intelligence Q&A

When was Chromatis Networks founded?

Chromatis Networks was founded in January 1998.

Who were the founders of Chromatis Networks?

Chromatis Networks was co-founded by Orni Petrushka and Rafi Gidron.

What was a significant event in Chromatis Networks' history?

Chromatis Networks was acquired by Alcatel-Lucent in June 2000, leading to its inactivation.

What was the reported valuation of Chromatis Networks at the time of its acquisition?

News reports from June 2000 indicated that Lucent acquired Chromatis Networks at a $4.8 billion valuation.

What happened to Chromatis Networks after its acquisition?

In August 2001, Lucent pulled the plug on Chromatis Networks, ceasing its operations.