Overture Networks Closed $12.3 Million Financing

Overture Networks said it has closed an oversubscribed $12.3 million Series C financing round. Lehman Brothers Venture Partners, a new investor in Overture Networks, led the round with a total of $7 million. Current investors Morgenthaler Ventures, Intersouth Partners, TDF, Armada Ventures, Gray Ventures and other existing investors provided the remaining funds.

Overture Networks said it will use these funds to expand its global sales and marketing strategy and increase its development programs in order to take advantage of the increase in demand for access edge hardware and software used to deliver carrier Ethernet services over fiber, SONET/SDH and copper.

Overture Networks develops network edge and aggregation systems that allow carriers to reshape their networks by deploying uniform managed carrier Ethernet services whether accessible over direct fiber, optical transport or copper.

Overture Networks www.overturenetworks.com

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