Immenstar acquired by Cortina

Immenstar, the EPON chipset vendor founded in 2004 was acquired yesterday by Cortina Systmes. The terms of the deal are undisclosed. The press release mentions that Cortina aims to achieve an end-to-end solution, and the Immenstar EPON solutions fit into its plans for the access world.

Immenstar getting acquired is not a big surprise for me, because the company always looked like one of those which will deliver some hot stuff, and then make a quick exit. It operated on stealth mode for quite a while, and emerged suddenly in 2004 with EPON solutions.

So now the bug question is: What are the plans of Teknovus? It is probably the only startup left with an established product and customer line, and therefore must be a big acquisition target for any company aiming to enter this space. And an acquisition probably about to happen soon, because it doesnt seem that the EPON market is growing fast enough for the investors at Teknovus to withstand all the competitive pressures from large companies.