Tuesday, May 12, 2009

Aktino Acquired By Canadian Firm

Irvine-based Aktino, a developer of hardware for the telecom industry, has been acquired by a Canadian firm, Positron, Inc. The firms did not disclosed financial terms of the deal, however, said that Aktino will continue to operate from its Irvine location. Aktino develops carrier class, MIMO over Discrete Multitone (DMT) technology, which is used for Ethernet and DS3 over copper. Aktino has previously raised funding from Crosspoint Venture Partners, Foundation Capital, Huntington Ventures, Innocal, J.F. Shea, Miramar Venture Partners, Silver Creek Technology Investors, and Ventana Capital Management.

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