Xtera Communications Inc. (XCOMQ)

[Penny breaker 214]

Under H.I.G.’s ownership, Xtera’s management and technical team will remain at the helm of the business, focused on successfully executing key existing customer contracts and expanding the business in the rapidly growing markets it serves with a clear roadmap of disruptive product launches.

Carl Harring, Managing Director at H.I.G. Capital commented: “We believe Xtera has considerable growth potential as an independent, well-funded business with a new ownership structure.