Taking advantage of seemingly bouyant markets, an Ottawa makerof components for network equipment makers and service providers, hasraised another $13.8 million on the Toronto Venture Exchange. It wasthe fourth time Enablence Technologies has gone to the market for moneyin the company’s history, and comes after its purchase in November of Panaway Networks pushed it into the red.
The company, headed by president and CEO Arvind Chhatbar, said it willuse the the net proceeds for working capital to strengthen its balancesheet, expand product lines, vertical integration and for generalcorporate, research and development, and marketing activities.
Enablence’s latest products are a 40 Gbps tunable optical dispersioncompensator (TODC), a multicast switch, a high speed DWDM forTransmitter/Receiver Optical Sub-Assembly (TOSA/ROSA), and a photodiodechip with integrated bandpass filter.

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Jim Love, Chief Content Officer, IT World Canada
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Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com