Overture Networks Ranked Number One in Growing Carrier Ethernet Market Segment
High-value Ethernet-over-TDM Market Expected to Grow 11% per year through 2012, According to Heavy Reading’s Latest Quarterly Market Tracker
RESEARCH TRIANGLE PARK, NC – APRIL 2, 2009 — Overture Networks, the industry’s trusted Carrier Ethernet solutions provider, today announced it has secured the number one share position in the Ethernet over TDM (EoTDM) network equipment market, according to the latest Carrier Ethernet Access Platform Quarterly Market Tracker service published by Heavy Reading, the market research division of TechWeb's Light Reading. Overture Networks is focused on providing solutions at the ever-expanding edge of the network and through its substantial growth and first-in-class product portfolio, Overture has solidified its position as a market leader in multiple, high-value Carrier Ethernet segments.
Recognized as the market leader for all of 2008, as well as individually capturing majority market share in the third and fourth quarters, Overture garnered 27% share of the EoTDM market. Focused on scalable, high-density Ethernet aggregation solutions, Overture has developed the industry’s most complete line of carrier-grade EoTDM products with its ISG and UTS converged packet access platforms. Overture’s rise to take the No. 1 share position was bolstered by its recent acquisition of Ceterus Networks, a combination that has expanded Overture’s customer base to include 10 of the top 15 US Carrier Ethernet service providers and more than 15,000 units deployed to 180 customers worldwide.
“Ethernet business services deployments and backhaul infrastructure build-outs to handle exploding mobile traffic will drive overall growth in this market through 2012,” commented Stan Hubbard, analyst and author of the Heavy Reading report. “Overture’s expanded product portfolio offers Ethernet aggregation and access solutions to both the enterprise and cell site backhaul applications, a strong position for future growth as well.”
According to the Carrier Ethernet Access Platform Quarterly summary, the global market for Ethernet over TDM platforms increased 38% over 2007 and is expected to grow at a CAGR of 11% between 2008 and 2012. The report also indicated EoTDM can deliver an estimated return on investment (ROI) in as little as 3 or 4 months, tapping into one of Overture’s core competencies – delivering Ethernet services over existing SONET/SDH and TDM facilities while providing the migration to next-generation networks.
“Through our continued expansion, we have successfully identified innovative ways to bring customers the features they need, when they need them, at price points that greatly improve their total costs of ownership,” commented Jeff Reedy, CEO of Overture Networks. “Heavy Reading’s recognition of Overture Networks as the market leader validates our dedication to providing a best-in-class product portfolio and unparalleled support for our customers.”
Heavy Reading's Carrier Ethernet Access Platform Quarterly Market Tracker delivers quarter-by-quarter revenue and market-share breakouts for each supplier and revenue projections through 2012. The quarterly tracking service also analyzes each vendor's market strategy and identifies and analyzes customer wins, providing granular insight into this emerging market sector unavailable from other sources. It provides a comprehensive list of more than 140 operators and other entities around the world that have purchased Carrier Ethernet platforms.
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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 Heavy Reading
Heavy Reading is an independent market research organization offering quantitative analysis of telecom technology to service providers, vendors, and investors. Its mandate is to provide the comprehensive competitive analysis needed today for the deployment of profitable networks based on next-generation hardware and software.