Overture Networks Breaks Milestones As New Year Begins
Company closes 2009 with over 225 customers and a staggering 69% increase in bookings
Research Triangle Park, January 19, 2010 – Overture Networks, the industry’s trusted Carrier Ethernet solutions provider, today announced the company surpassed major milestones in 2009 with a bookings increase of 69% and 45 additional customers for the year.
Overture surpassed company sales goals in every quarter of 2009, strengthening its position as a market leader in Carrier Ethernet solutions. The company is now a partner to more than 225 service providers and enterprise customers worldwide, which includes 10 of the top 15 US Carrier Ethernet service providers, such as Verizon and TW Telecom. The company saw a number of noteworthy customer wins during the year, including, NuVox and COLT.
“We exceeded expectations for the year with remarkable growth in customer base and shipments, both of which helped significantly broaden our appeal as a leading Carrier Ethernet edge and aggregation supplier,” said Jeff Reedy, CEO of Overture Networks. “The demand for Carrier Ethernet has continued to explode and Overture’s relentless focus on providing innovative, cost-effective solutions for business services and mobile backhaul has allowed us to prosper despite the weaker economy. I was particularly pleased by our first sales of the ISG 6000 for IP to Ethernet Interworking and our UTS 4000 Optical Ethernet solution for mobile backhaul.”
Overture Networks was recognized for several significant corporate achievements in 2009. Along with the acquisition of Ceterus Networks, Overture successfully launched its newest Carrier Ethernet platforms– the ISG 6000 Ethernet Aggregation System and the new UTS 4000 Optical Ethernet platform. Overture won numerous awards, including the InfoVision award for best access aggregation platform while also being recognized as a finalist for the American Business Awards’ best technology company.
Overture is continuing that momentum in 2010 as the company aims to increase staff by more than 20% over the next several months. With its success during the economic downturn, Overture will be looking to capitalize on prospective opportunities in business services and mobile backhaul solutions.
# # #
About Overture Networks
Overture Networks is the preferred Carrier Ethernet edge and aggregation partner to more than 225 service providers and enterprise customers worldwide, including 10 of the top 15 US Carrier Ethernet service providers. Its innovative solutions have proven to be integral to a service provider’s ability to fully leverage Carrier Ethernet to multiply service revenues and streamline operational costs. Headquartered in Research Triangle Park, NC, with a technology center in Richardson, TX, Overture Networks is relentlessly focused on providing solutions at the ever-expanding edge of the network. With its patent-protected, award-winning family of products for both business services and cell site backhaul, Overture Networks uniquely combines the packet-switched and circuit-switched worlds into a single architecture—at cost points that make it extremely attractive to offer Carrier Ethernet services to any size location—over optical fiber or copper transport. For more information, visit http://www.overturenetworks.com.