Overture Networks acquires Ceterus Networks
DECEMBER 16, 2008 -- Carrier Ethernet equipment vendor Overture Networks (search for Overture Networks) says it has acquired Richardson, TX-based Ceterus Networks (search for Ceterus). The addition of the Ceterus product family, which includes optical Ethernet access platforms for cell-site backhaul, complements Overture's activities in business services equipment, the company says.
"Ceterus Networks has built a strong reputation for innovative and cost-effective Carrier Ethernet solutions. As an early leader in cell-site backhaul, it has successfully tackled the many technical and operational nuances with which others still struggle," said Jeff Reedy, CEO of Overture Networks. "The addition of Ceterus's product family enables Overture Networks to offer Carrier Ethernet access aggregation solutions in both retail services and wholesale backhaul to service providers around the world."
"The market potential for the two companies combined far exceeds what each one could accomplish on its own," said David Stehlin, former president and CEO of Ceterus Networks and the new president of Overture Networks. "This is a unique opportunity to drive business and create additional value for both customers and shareholders."
The new Overture Networks offers many benefits for customers, company executives assert:
- the broadest range of offerings in the industry for cell-site backhaul and business service Ethernet edge applications
- a product family with MEF certifications for optical, circuit-based, fiber, pseudowire (PWE), and aggregation products
- success in the marketplace, demonstrated by deployed Carrier Ethernet products in 10 of the top 15 service provider networks in the United States
- superior product design and feature sets that deliver proven, significant total cost-of-ownership value advantages.
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