In one of the last tech filings of the year, ANDA Networks has applied for an initial public offering on the Nasdaq that could raise almost $90 million.
ANDA manufactures equipment used by telecom carriers (primarily Verizon) to provide high-speed broadband to their customers. Founded in 1998, it has only had one profitable year, in 2005, but has steadily narrowed its average losses.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":68196,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"C"}']Investors in the Sunnyvale, Calif. firm include Venrock Associates, Highland Capital, Crimson Asia Capital, Saints Ventures, Cascade Capital Management and Fuhwa Venture Capital.
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