XTERA Communications Inc.


Company Name:
XTERA Communications Inc. 
Sector:
Communications 
Transaction Type:
IPO 
Ticker Symbol:
XCOM 
Deal Amount:
$25M
Transaction Date:
11/12/2015 
Transaction Summary:
XTERA Communications Inc. raised $25.0 million in its offering at $5.00 per share. Needham acted as the lead bookrunner on the transaction. The net proceeds from the sale of the shares will be used by XTERA Communications Inc. for working capital and other general corporate purposes, including to finance our expected growth, develop new products or fund capital expenditures. The Company may also use a portion of the net proceeds to repay borrowings under its credit facility or term loan, or to expand its existing business through acquisitions of other businesses, products or technologies. 
Company Description:
Xtera Communications, Inc. (NASDAQ: XCOM) is a leading provider of high-capacity, cost-effective optical transport solutions, supporting the high growth in global demand for bandwidth. Xtera sells solutions to telecommunications service providers, content service providers, enterprises and government entities worldwide. Xtera’s proprietary Wise RamanTM optical amplification technology leads to capacity and reach performance advantages over competitive products. Xtera’s solutions enable cost-effective capacity to meet customers’ bandwidth requirements of today and to support their increasing bandwidth demand fueled by the development of data centers and related cloud-based services. 
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