RESEARCH TRIANGLE PARK, N.C. - (Business Wire) Overture Networks, the industry
’s trusted Carrier Ethernet solutions provider, today announced it has received the Triangle Business Journal
’s 2008 Fast 50 Award, which recognizes the 50 fastest growing private companies in the Triangle. Overture Networks made its debut on the list with an impressive 13
th place ranking that was made possible by strong sales and corporate expansion in 2008.
“The Triangle is experiencing a boom in population, as well as innovation, making it very difficult to narrow the list down to 50 companies this year,” said Charlene Grunwaldt, Publisher of Triangle Business Journal. “We believe the companies on this list are a perfect reflection of the entrepreneurial excellence going on in the Triangle right now.”
Overture Networks specializes in Carrier Ethernet solutions that support and enhance the deployment of both Ethernet and legacy services to any size location – over fiber or copper networks – for service providers worldwide. Fueled by increased enterprise demand for more bandwidth to more locations at lower costs, Overture Networks growth in 2008 has touched all facets of the company’s business. This year, Overture Networks boosted its product offering with the introduction of the ISG 6000 Carrier Ethernet aggregation platform and added a number of high-profile tier-one telecom carriers to its customer base. With these additions in place and product demand on the rise, the number of employees also grew by 33%.
“We are honored to be recognized for the tremendous growth we have experienced in 2008," said Jeff Reedy, CEO of Overture Networks. “Overture Networks is committed to providing our customers with the most reliable, cost-effective products for the delivery of Carrier Ethernet services, and as a result we anticipate that success to continue into 2009.”
This year marks the 16th anniversary of the Fast 50 Awards. The ceremony took place November 6 at the New Raleigh Convention Center. Jeff Reedy accepted the award on behalf of the company, and was also honored with a featured CEO interview during the ceremony.
About Overture Networks
Overture Networks is the preferred Carrier Ethernet edge and aggregation partner to more than 150 service providers and enterprise customers worldwide. 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 the high-tech center of Research Triangle Park, NC, Overture Networks is relentlessly focused on providing solutions at the ever-expanding edge of the network. With its patent-protected, award-winning ISG family of products, 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 copper, fiber or optical transport. For more information, visit www.overturenetworks.com.
About Triangle Business Journal
Triangle Business Journal, a weekly business newspaper, is the leading provider of local business news for the Raleigh-Durham-Chapel Hill area of North Carolina. Triangle Business Journal also publishes special publications such as SPACE, Living in the Triangle, Luxury Living, Research Triangle Relocation Guide and Book of Lists. In addition to producing an award-winning news product, TBJ hosts recognized, sold-out events such as Fast 50, Women in Business, 40 under 40, the GREEN Awards and others. At trianglebusinessjournal.com, you will find daily breaking business news, nomination forms for awards, business event listings and resources for those driven to lead in the Triangle region.
Connect2 Communications
Media and Industry Analysts:
Andrea Joest Lovas, 908-857-2022
andrea@connect2comm.com
