Wednesday, May 31, 2006

Overture Raises $7.5 Million for Converged Packet Access

Overture Networks, a start-up based in Research Triangle Park, North Carolina, raised $7.5 million in third round funding for its converged packet access platforms. Overture Networks provides high-speed networking platforms that allow carriers to economically reshape their networks and revenue streams by deploying uniform managed Ethernet and TDM services to every customer location.

Overture's platform is designed to deliver any mix of Ethernet and TDM service combinations. The ISG converged packet access platform supports a variety of interfaces ranging from NxT1/E1 to Gigabit Ethernet.

The new financing was led by new investor Telecommunications Development Fund (TDF) in Washington, D.C.. Current investors, including Morgenthaler Ventures, Intersouth Partners, Armada Ventures and Gray Ventures, and another new investor, Legend Ventures, also participated in the round. The new funds will be used as growth capital to expand product development and customer support functions.

The company claims over 60 customers. Recently announced customers include THUS, plc; Cypress Communications and Memphis Networx.

  • ADC has an OEM agreement with Overture Networks to supply its new LoopStar 700 Ethernet access and transport system. The LoopStar 700 portfolio of Ethernet multi-service access solutions can be used to aggregate, deploy and manage Ethernet and TDM services. Available network interfaces include NxT1/E1, DS3, NxDS3, OC3c/STM1, OC12c/STM4, 100FX, and GigE, as well as drop side (tributary) interfaces of DS1, 10/100 BT, 100FX and GigE. The LoopStar 700 family also provides a solution for Pseudo Wire (PWE3) T1/E1/J1 circuit emulation transport, making it economical for business applications or cell site backhaul which require both Ethernet and TDM over a single network service or private network facility.

Metro Optical Networks to Deliver Ethernet Services
services represent a significant growth opportunity for service providers
and a potentially significant productivity gain for customers. Both
parties are looking to Ethernet to meet the growing demand for higher
bandwidth, lower operational expenses and better management and control.
To understand Ethernet services and revenues, you need to know the current
positioning and where the market is headed. Like any new service offering
Ethernet services are subject to a "life cycle" of technology
and implementation.


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