Mahi Networks named Bill Cadogan as Chairman of the Board and Interim CEO, replacing Chris Rust, who is returning to the venture capital business and will continue to serve on Mahi’s Board of Directors. Bill Cadogan is the former Chairman and CEO of ADC Telecom. http://www.mahinetworks.com
- In June 2004, Mahi announced its acquisition of Photuris, another start-up based in New Jersey. It developed an automated optical transport system for high-capacity metro and regional DWDM networks. Its platform features a “Versicolor�? capability that integrates four functions on a single optical line card: WDM demux/mux at the system input/output; fully flexible, reconfigurable OADM wavelength switching (any wavelength to any port, independent of any other wavelength); per-wavelength power balancing; and real-time per-wavelength optical power monitoring.
- Also in June 2004, Mahi Networks closed $70 million in new funding.