Overture Buys Ceterus

RESEARCH TRIANGLE PARK, N.C. -- Overture Networks, the industry’s trusted Carrier Ethernet solutions provider, today announced the acquisition of Richardson, TX-based Ceterus Networks. The addition of the Ceterus product family, which includes the industry’s newest and most full-featured optical Ethernet access solutions for cell site backhaul, complements Overture’s leadership in business services solutions. The new company creates a clear market leader in multiple, high-growth Carrier Ethernet segments and provides network service providers a complete line of Carrier Ethernet edge and aggregation systems.

“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’ 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.” With purpose-built solutions for high-growth Carrier Ethernet applications, the new Overture Networks delivers many benefits for customers: