Industry veteran with proven track record of execution joins Overture to lead Carrier Ethernet company through next phase of growth.
RESEARCH TRIANGLE PARK, NC, September 24, 2012 – Overture, the preferred Carrier Ethernet edge and aggregation partner for service providers and network operators worldwide today announced that Mike Aquino has joined the company as President and Chief Executive Officer (CEO) to help guide Overture through its next phase of customer and revenue growth worldwide. Today, 5 of the top 7 global Carrier Ethernet Service Providers and 8 of the top 10 USA-based Carrier Ethernet Service Providers deploy Overture products. Co-founder and current CEO Jeff Reedy will continue with the company as Overture’s Chief Strategy Officer.
“I’m excited to join the Overture team as President and CEO,” said Mr. Aquino. “Overture has an outstanding base of customers globally, comprised of wireline, wireless, and MSO service providers as well as government and municipality network operators. They’ve become a market leader by providing innovative Carrier Ethernet solutions. I look forward to leading Overture in continuing to broaden our customer base and enable service providers to leverage Carrier Ethernet to scale revenue, streamline operational costs, and deliver highly differentiated services to their end-user customers.”
Mr. Aquino has had a successful and distinguished career in the telecommunications and information technology industry with over 30 years of experience. Mr. Aquino joins Overture from Ciena Corporation, where he held a number of executive positions, including Senior VP of Global Field Operations, General Manager of Global Government Solutions, and VP of Americas. During Mr. Aquino’s tenure at Ciena, the company’s annual revenue grew from approximately $400 Million in 2002 to more than $1.7 Billion in 2011. Mr. Aquino also assisted Ciena with the integration of multiple acquisitions, including World Wide Packets and Nortel’s Metro Ethernet Networks business. Prior to Ciena, Mr. Aquino held leadership positions at ONI Systems (acquired by Ciena), Bay Networks (acquired by Nortel Networks), and IBM Corporation.
“The Overture Board of Directors is pleased to welcome Mike as Overture’s President and CEO,” said John Gerdelman, Overture’s Chairman of the Board. “Mike’s successful track record in customer relationships, profitable revenue growth, sound operational experience, and strong leadership skills is ideally suited to lead Overture going forward.”
About Overture Networks
Overture is the preferred Carrier Ethernet edge and aggregation partner to more than 450 service providers and network operators worldwide. By providing an entrance to a smarter network, service providers can leverage Carrier Ethernet to multiply revenue and streamline operational costs by enabling high-capacity Ethernet services over any physical media, including fiber, copper and TDM. Overture’s solutions are designed for reliability and ease of use, and arm customers to compete in demanding applications such as cloud computing and mobile communications that require greater bandwidth and smarter networks. Overture is headquartered in Research Triangle Park, NC, with offices around the globe. For more information, visit http://www.overturenetworks.com.
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