For Immediate Release Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com

Courtney Chandler
617-375-4217
courtney@revolutionpartners.com
...........................................................................................................
Overture Networks Acquires Ceterus Networks to Fuel Expansion
Leading Carrier Ethernet Equipment Company Extends Market Reach with Cell Tower Backhaul Specialist

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--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:

  • The broadest range of solutions in the industry for cell site backhaul and business service Ethernet edge applications
  • A best-in-class product family with MEF certifications for optical, circuit-based, fiber, pseudowire (PWE) and aggregation products
  • Strong 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

“This move makes a lot of sense to us, as the combination makes a stronger company and broader product set in a growing market space. Each company has impressive customers and good product lines focused on the Carrier Ethernet access market,” stated Michael Howard, Principal Analyst at Infonetics Research. “The acquisition of Ceterus Networks is a natural progression for Overture, as they are now able to offer a fuller set of Ethernet solutions for the customer edge and mobile backhaul.”

About Overture Networks

Overture Networks is the preferred Carrier Ethernet edge and aggregation partner to more than 180 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 www.overturenetworks.com

Revolution Partners served as financial advisor to Ceterus Networks.



Revolution Partners, a division of Morgan Keegan, is one of the nation's largest middle market investment banks specializing in mergers and acquisitions, private capital advisory and complete public equity capital markets services for the technology industry. Revolution Partners is highly-regarded for its expertise in particular technology niches including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors.

Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. The firm's bankers have executed M&A transactions exceeding $10 billion in value over the course of their careers, including some of the most successful mergers in the industry. The partners also have raised over $6 billion of private capital for more than 100 clients. Today, with offices in Boston, Los Angeles, New York and San Francisco, Revolution Partners continues to apply its partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies.

In 2008 Revolution Partners was acquired by Morgan Keegan & Company, Inc. whose investment banking, brokerage and asset management capabilities are delivered by 4,400 employees from 300 offices. The firm is a subsidiary of Regions Financial (NYSE: RF), one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Together with Morgan Keegan, Revolution shares an entrepreneurial culture and commitment to high-quality transaction execution led by experienced senior bankers. For more information, visit www.revolutionpartners.com.

 
© 2008 Revolution Partners, LLC, a division of Morgan Keegan & Co.
INVESTMENT PRODUCTS OFFERED BY MORGAN KEEGAN: NOT FDIC INSURED ~ NOT BANK GUARANTEED ~ MAY LOSE VALUE