Optical-networking startup, Acacia Communications, Monday filed for initial public offering(IPO) with the U.S. Securities and Exchange Commission(SEC). The IPO on the Nasdaq Global Market is targeted to raise $125 million in funding.
The Massachusetts-based company aims to deliver high-speed coherent optical interconnect products that transform communications networks, relied upon by cloud infrastructure operators and content and communication service providers. Acacia’s products include a series of low-power coherent DSP ASICs and silicon PICs which Acacia has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 Gbps for use in long-haul, metro and inter-data center markets.
The company's revenue almost doubled in last year, from $77.7 million to $146.2 million, with net income of $1.7 million in 2014 and $3 million in the first nine months of this year.
