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ADVA Adds NFV Smarts With $35M Overture Acquisition

2016-01-14 06:02:52| Grocery - Topix.net

Germany's ADVA has acquired Overture Networks for an initial $35 million in a bid to strengthen its cloud access business and create what it claims will be an "NFV powerhouse." The purchase of the North Carolina-based NFV and Ethernet access system specialist, which could involve an additional $5 million conditional "earn-out" payment, will allow ADVA Optical Networking to offer customers a complete NFV architecture including programmable hardware, "comprehensive" software and end-to-end orchestration services, claims the optical and Ethernet infrastructure vendor.

Tags: acquisition adds 35m overture

Verizon considers overture to AOL

2015-01-07 22:01:33| Telecom - Topix.net

NEW YORK – Verizon Communications is exploring a potential acquisition or joint venture with AOL to help it expand mobile-video offerings, people with knowledge of the matter said.

Tags: aol considers verizon overture

Business briefing: CSX rebuffs Canadian Pacific overture

2014-10-15 12:23:54| Railroads - Topix.net

Canadian Pacific Railway Ltd. approached CSX Corp. about a combination that would unite two of North America's largest railroad operators, said people briefed on the matter, as the boom in North American energy reshapes the railroad industry. CSX rebuffed the overture, made in the past week, the people said, and it isn't clear whether CP will persist.

Tags: business pacific canadian briefing

Overture Names Houck Reed Vice President of Product Management and Customer Service

2014-09-09 09:35:57| Telecom - Topix.net

Senior executive brings more than 20 years experience in defining and executing product strategy, managing product lifecycles and creating winning teams )-- Overture today announced the appointment of Houck Reed, vice president of Product Management and Customer Service. In his new role, Reed will lead internal product teams to refine and communicate the company's product strategy, operate Overture's world-class technical assistance center, and grow the Ensemble enablement services practice.

Tags: service product management customer