Petaluma, CA – According to filings with the U.S. Securities and Exchange Commission, Tibit Communications is raising $29,999,999.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Richard Stanfield played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Tibit Communications
Tibit Communications, Inc. is developing next-generation pluggable devices designed to virtualize the access network using industry leading Ethernet switching equipment. Network operators can create a new on ramp to the internet managed virtually from the cloud to the user. Tibit Communications provides a key component in the re-architecture of the central office into a data center. The small, low power, and low cost pluggable devices from Tibit allow high performance Ethernet switching systems in the market now and in the future to replace traditional access equipment. The initial product, the Tibit MicroPlug OLT, provides FTTx PON fiber access from Ethernet switches, routers, or almost any device with an Ethernet port. Tibit provides the MicroPlug OLT and a software solution to connect with industry leading Software Defined Networking SDN orchestrators.

To learn more about Tibit Communications, visit http://www.tibitcommunications.com/

Contact:
Richard Stanfield, Chief Executive Officer
707-664-5906
richard@tibitcommunications.com
https://www.linkedin.com/in/richardstanfield/

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