RESEARCH TRIANGLE PARK, NC, JUNE 6, 2011 – Overture Networks, the industry’s trusted Carrier Ethernet solutions provider, announced today that it has completed the deployment of its award-winning Ethernet technologies for Canadian Competitive Local Exchange Carrier (CLEC), Fibernetics Corp. The deployment bolsters Fibernetics Business Services division, as it aggressively provisions the small- and medium-sized business (SMBs) market with Ethernet business services in direct competition against incumbent providers.
Fibernetics Corp. is both a CLEC and Internet Service Provider (ISP), providing advanced voice and data services at speeds ranging from 2 Mbits to 50 Mbits. Fibernetics Business Services’ division has deployed the Overture Networks HN4000 and HN400 Ethernet over bonded copper platforms, providing the company with a strategic competitive edge in the SMB business services market. The best-of-breed solutions enable delivery of high-speed symmetrical enterprise-grade Ethernet services over the installed copper infrastructure – a revenue multiplier in the company’s expanding Ethernet business services strategy.
“Overture Networks delivered the right solution at the right price at the right time in the market. Because of their Ethernet over copper technology, we’re now able to deliver highly competitive Ethernet service offerings and options to the underserved SMB market,” said Chris Lehman, vice president, Business Services, Fibernetics. “Many SMBs have the same rigorous communications needs as larger enterprises; however, these enterprise-level Ethernet services have been unavailable to them through other Canadian carriers. Overture has allowed us to fill that service gap.”
“Fibernetics is a rising star in Canadian telecommunications, and is providing highly desirable services to their customers via innovative, cost-effective alternatives to the legacy incumbent carriers,” said Kevin Sheehan, president, Overture Networks. “We are pleased to be a partner to Fibernetics and look forward to working with them as they continue to increase their presence and influence in the Canadian market.”
With analyst predictions showing the worldwide business Ethernet market set to hit $40.2 billion by 2014, Fibernetics is moving assertively to capture the lion’s share of the Canadian SMB customer base, traditionally underserved by incumbent telecommunications service providers.
“Historical data tells us that SMBs are essential to the health and vitality of today’s economy, yet all too often, the big Canadian telecommunications companies have neglected this critical customer segment,” continued Lehman. “Combining Fibernetics Business Services unique Digital PBX offering with our Ethernet over Copper (ECo™) solution through Overture Networks, we are able to reduce our customers’ monthly voice and data costs by up to 80 percent, providing significant value for our SMB customers.”
About Overture Networks
Overture Networks is the preferred Carrier Ethernet edge and aggregation partner to more than 450 service providers and enterprise customers worldwide. The company’s flexible, high-quality and high-performance solutions help service providers fully leverage Carrier Ethernet to multiply revenue and streamline operational costs by cost-effectively enabling high-capacity Ethernet services over any physical media, including fiber, copper and TDM, for applications ranging from speeds of 1Mbps to 10Gbps. With an award-winning universal Ethernet services platform, Overture Networks gives providers a competitive edge for demanding applications, such as cloud computing and mobile communications that require greater bandwidth and smarter networks. Overture Networks is headquartered in Research Triangle Park, NC, with a technology center in Richardson, Texas. For more information, visit http://www.overturenetworks.com.
About Fibernetics Business Services
The Fibernetics Group of Companies comprise one of Canada’s fastest growing telecommunications companies. Fibernetics’ rapid success has been leveraged by a marriage of established legacy systems with emerging Internet protocol based technologies and underpinned by the unique experience of Fibernetics’ founders, as pioneers of VoIP communications in Canada. The history of Fibernetics is an exciting course which mirrors the evolution of next generation telecommunication platforms which are being adopted globally at an unprecedented rate. In 1997, Fibernetics founders executed what is believed to be Canada’s very first commercially viable phone-to-phone communication service utilizing voice over Internet protocol.
Fibernetics Business Services (FBS) – FBS is a dedicated business-to-business (B2B) company providing data and voice solutions to businesses. FBS has it’s own dedicated sales, marketing, and operational support infrastructure for those activities.
FBS’ proprietary Digital PBX business phone system eliminates the cost of business phone lines. This phone system is easily integrated into a business’s network and once installed delivers full PBX functionality normally associated with much more expensive systems. The Fibernetics Digital PBX system is directly connected to the Fibernetics CLEC network which provides scalability, reliability and quality of service.