Overture Buys Ceterus Networks
Overture Networks Inc., a Morrisville, N.C.-based maker of high-speed networking equipment, has acquired Ceterus Networks, a Richardson, Texas-based provider of metro Ethernet transport solutions. No financial terms were disclosed. Overture has raised around $45 million in VC funding, from firms like Lehman Brothers Venture Partners and Intersouth Partners. Ceterus had raised over $63 million from firms like Intel Capital, Aldus Equity, Sevin Rosen Funds and Velocity Interactive Group (fka ComVentures).
17 December 2008•3 mins read
