ADVA Optical Networking has acquired Overture, bringing together two of the industry’s largest manufacturers of Carrier Ethernet (CE) access equipment. Financial terms were not disclosed.
ADVA described the acquisition as a key step to further expand its cloud access solution portfolio. The acquisition completes the ADVA FSP 150 product family with an Ethernet-over-Copper solution, a programmable white-box network interface device (NID), a virtualized NID and an end-to-end orchestration solution. This means ADVA to deliver CE-based cloud services in a hybrid or NFV-pure-play environment.
Overture is a privately-held company based in North Carolina.
“Our acquisition of Overture is a defining moment in the cloud access market. We’re building something remarkable here,” said Brian Protiva, CEO, ADVA Optical Networking. “Firstly, we’re creating a number one player in Ethernet access devices. There’s a full account and product synergy between our companies, ensuring a complete solution set for business Ethernet, mobile backhaul and carrier wholesale applications that can be sold into each other’s customer base. Secondly, we have a shared vision for the future of the cloud services market and the virtualized network. Adding Overture’s NFV-pure-play and orchestration solutions to our hybrid NFV solutions, operators can select what best fits their plans. And last but not least, we’re creating an incredible team. Overture has great people with a wealth of knowledge. With one united company, we’re going to help CSPs take a huge leap forward. There can be no question that exciting times are ahead.”
http://www.advaoptical.com/en/newsroom/press-releases-german.aspx
ADVA described the acquisition as a key step to further expand its cloud access solution portfolio. The acquisition completes the ADVA FSP 150 product family with an Ethernet-over-Copper solution, a programmable white-box network interface device (NID), a virtualized NID and an end-to-end orchestration solution. This means ADVA to deliver CE-based cloud services in a hybrid or NFV-pure-play environment.Overture is a privately-held company based in North Carolina.
“Our acquisition of Overture is a defining moment in the cloud access market. We’re building something remarkable here,” said Brian Protiva, CEO, ADVA Optical Networking. “Firstly, we’re creating a number one player in Ethernet access devices. There’s a full account and product synergy between our companies, ensuring a complete solution set for business Ethernet, mobile backhaul and carrier wholesale applications that can be sold into each other’s customer base. Secondly, we have a shared vision for the future of the cloud services market and the virtualized network. Adding Overture’s NFV-pure-play and orchestration solutions to our hybrid NFV solutions, operators can select what best fits their plans. And last but not least, we’re creating an incredible team. Overture has great people with a wealth of knowledge. With one united company, we’re going to help CSPs take a huge leap forward. There can be no question that exciting times are ahead.”
http://www.advaoptical.com/en/newsroom/press-releases-german.aspx
Overture + Hatteras Merger Targets Carrier Ethernet Acceleration
Overture Networks and Hatteras Networks agreed to merge, creating a larger and more competitive supplier of Carrier Ethernet products. Hatteras is a leading supplier of Ethernet over Bonded Copper solutions, while Overture is the frontrunner in Ethernet over TDM and recently introduced a set of Ethernet over Fiber platforms. Financial terms were not disclosed. Both companies are venture-backed, privately-held start-ups based in North Carolina's Research Triangle Park.
