PhoeniX Software secures capital to accelerate growth in the integrated photonics market

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PhoeniX Software has obtained fresh capital from Twente Technology Fund to accelerate its growth strategy in the market for integrated photonics design tools and to capitalize on its current leadership position.

PhoeniX Software, a solutions provider for micro and nano technologies, today announces that it has secured an undisclosed amount of new capital to further accelerate its growth. Especially in the field of integrated photonics (silicon photonics, PLC, InP, TriPleX and other technologies) momentum is gearing up. With this investment, PhoeniX Software will be able to include additional capabilities in its OptoDesigner software solution, thereby adding more value for its customers. PhoeniX Software will further expand its strategic collaborations with foundries, design houses and software vendors and will actively develop new partnerships that will support the industry in the transition from market adoption to volume manufacturing.

"The market of integrated photonics is about to take off and the design support tools of PhoeniX Software are considered to be best in class" says Nard Sintenie, general partner of the Twente Technology Fund. "Our investment enables PhoeniX Software to capitalize on its leadership position and help shape this emerging industry."

Twan Korthorst, PhoeniX Software's CEO is very pleased with this investment, "After three consecutive years of solid growth, we observed a window of opportunity to further push our design methodologies and tools into the exciting integrated photonics industry. The Twente Technology Fund appeared to be the partner with the right focus and background to support us in this development."

To learn more about OptoDesigner, visit http://www.phoenixbv.com/optodesigner

About PhoeniX Software
Founded in 2003, PhoeniX Software supports organizations worldwide to improve quality, reduce time to market and enhance research by offering highly integrated software solutions, training and customer support. Customers are ranging from Fortune 500 companies to start-ups, universities and research institutes, active in integrated photonics, microfluidics, MEMS, printed electronics and other micro and nano technologies. Especially for the integrated photonics market PhoeniX Software is offering a unique solution combining photonics simulation capabilities and layout implementation: OptoDesigner. This tool enables designers to automatically synthesize photonics designs, driven by fabrication information and required optical specifications.

About Twente Technology Fund
Twente Technology Fund is an independent venture capital fund aiming to capitalize on new technological developments. It provides investment capital to fund high tech entrepreneurial activity in the Twente region in the Netherlands. The Fund is a specialist fund, targeting companies that are developing commercially promising products and technologies in sectors like Nanotechnology, Semiconductor and ICT.

For further information, please contact:

PhoeniX Software
Twan Korthorst, CEO
http://www.phoenixbv.com

Twente Technology Fund
Nard Sintenie, partner
http://www.twentefund.nl

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Twan Korthorst

Nard Sintenie
@PhoeniX_BV
since: 10/2011
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