Wednesday, April 21, 2010

Overture Raises $17.2 Million for Carrier Ethernet

Overture Networks has closed an additional $17.2M round of equity funding to support its Carrier Ethernet offerings.

Overture Networks supplies Carrier Ethernet edge and aggregation equipment to more than 225 service providers and enterprise customers worldwide. Its ISG family can deliver Carrier Ethernet over fiber, SONET/SDH, and TDM/PDH. The privately-held company is based in Research Triangle Park, North Carolina with a technology center in Richardson, Texas.

The new round of funding was lead by QuestMark Partners, who joins existing investors, including Intel Capital, Intersouth Partners, Morgenthaler Ventures, Tenaya Capital, TDF Fund and Gray Ventures. In addition, Tim Krongard, Partner, QuestMark Partners will take a seat on Overture's Board.

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