Overture Networks Executives Win Business Leader Magazine’s Mover and Shaker Award

Prayson Pate, Co-founder and Senior VP of Engineering and Matt Squire, Chief Technology Officer Recognized for Collaborative Leadership and Strong Business Acumen

RESEARCH TRIANGLE PARK, NC, October 13, 2011 – Overture Networks, the industry’s trusted Carrier Ethernet solutions provider, today announced that two members of its executive team have been recognized by Business Leader Magazine as being “Movers & Shakers” both for their respective leadership roles, as well as for working collaboratively to steer the company through a major merger earlier this year.

“On a day-to-day basis and over the long haul of building a business, Prayson and Matt exemplify what makes for dedicated and successful leaders who are passionate about what they do,” said Jeff Reedy, CEO, Overture Networks. “It’s these personal attributes that have contributed to Overture’s continued growth and success, and we’re very proud to have Prayson and Matt as key members of Overture Networks executive team and congratulate them on their notable achievements.”

Each year, Business Leader honors the leaders of the South through its Movers & Shakers Awards, recognizing executives who’ve demonstrated exceptional leadership attributes and innovative approaches to enhance their company’s industry status.

Prayson Pate is a co-founder of Overture Networks. Matt Squire, who served nine years as CTO at Hatteras Networks, joined Overture when the companies merged in early 2011. Their joint nomination and award for leadership as an executive team represents a first for Business Leader’ Mover and Shaker Awards and acknowledges their collaborative and innovative leadership.

“Having Prayson and Matt working collaboratively in leadership roles creates a unique opportunity that’s helping us build a great company with the innovation and scale to bring a complete set of products and services to our customers,” said Kevin Sheehan, president, Overture Networks.

For more information about Overture Networks, please visit www.overturenetworks.com or follow them @OvertureNews on Twitter.

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 1 Mbps to 10 Gbps. 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.