Overture Networks Raises $17.2 Million

Overture Networks Inc., a Morrisville, N.C.-based maker of high-speed networking equipment, has raised $17.2 million in new VC funding.

QuestMark Partners led the round, and was joined by return backers Intel Capital, Intersouth Partners, Morgenthaler Ventures, Tenaya Capital, TDF Fund and Gray Ventures. The company previously raised around $45 million.

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).

Overture Raises Third Round

Overture Networks Inc., a Morrisville, N.C.-based maker of high-speed networking equipment, has raised $12.3 million in third-round funding. Lehman Brothers Venture Partners led the deal, and was joined by return backers like Intersouth Partners. Overture will use the capital to expand marketing in Europe and to develop new products. www.overturenetworks.com

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