Optical tech firm Photuris acquired by Mahi Networks

By SiliconIndia   |   Monday, 28 June 2004, 07:00 Hrs
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NEW JERSEY: Ashish Vengsarkar co-founded Photuris Inc., a Piscataway, NJ-based supplier of advanced optical services equipment, has been acquired by Mahi Networks. Financial details were not disclosed.

Photuris had raised more than $105 million from Artiman Ventures, Columbia Capital, Greylock, and other private investors.

Ashish Vengsarkar, Photuris' VP-Product Marketing, will now become Mahi's VP-Global Market Development. Prior to founding Photuris, Vengsarkar worked at Bell Labs/Lucent Technologies. He received his B.Tech in Electrical Engineering from IIT-Bombay, MS and Ph.D. Degrees in Electrical Engineering from Virginia Tech and an executive MBA from the Wharton School.

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