Overture Networks Honored with Red Herring Global Award
Award Recognizes Top 100 Private Companies in the World
RESEARCH TRIANGLE PARK, NC, FEBRUARY 27, 2009 — Overture Networks, the industry’s trusted Carrier Ethernet solutions provider, today announced it has been named a winner of the Red Herring Global 100 award. The prestigious awards program honors the top 100 private technology companies in the world.
“Being recognized by Red Herring as a one of the top 100 global technology companies is a true validation of Overture’s commitment to innovation and quality in the products and services we provide for our customers,” said Jeff Reedy, CEO of Overture Networks. “We have experienced a tremendous growth period, from the launch of our next-generation ISG 6000 carrier Ethernet aggregation system to the recent acquisition of Ceterus Networks, and receiving the Global 100 award truly caps off an incredible year.”
Overture Networks won the North American 100 Award back in the spring and was selected for the global award out of 1,800 eligible worldwide companies. Winners were chosen through a detailed evaluation proves involving both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration. The Red Herring editorial team narrowed the list down to 200 finalists, and then selected the top 100 winners, who were recently honored at the Red Herring Global 2008 event in San Diego, California.
For more than a decade, Red Herring’s editorial team has been carefully surveying entrepreneurship around the globe in an effort to discover and advocate the promising startups that will lead the next wave of disruption and innovation. Past winners include Google, Yahoo!, Skype, Netscape, Salesforce.com, and YouTube all in their early stages of development.
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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.
About Red Herring
Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at http://www.redherring.com/.