ADVA Acquires Overture Networks
Bowen Advisors Serves as M&A Advisor to Overture
BOSTON, January 26, 2016 – Bowen Advisors is pleased to announce that Overture Networks, provider of the award-winning Ensemble suite of control and orchestration solutions for virtual network systems and headquartered in Research Triangle Park, NC, has been acquired by Munich-based ADVA Optical Networking (Xetra: ADV). Bowen Advisors acted as the exclusive sellside M&A advisor to Overture.
Click here for ADVA’s press release.
“When we first started working with Bowen Advisors in the spring of 2014, very few people outside of Overture knew about our cloud, virtualization, and software driven services capabilities,” said Mike Aquino, CEO of Overture. “Paul and his team put together a long-term strategy to effectively market our software to potential partners as critical to their own cloud solutions. This work resulted in an OEM agreement with a major TEM and strategic interest in Overture. Once we made the decision to pursue an acquisition, Bowen Advisors was able to quickly find the right partner in ADVA and execute the deal.”
“Our two largest and most strategic acquisitions have been Movaz in 2006 and now Overture in 2016, and it’s no surprise that Bowen Advisors represented both companies,” said Brian Protiva, CEO of ADVA. “No one knows the industry better than Paul and his team, and whenever I see them on the other side of a transaction, I know that I’ll be working alongside high-integrity bankers that I can trust.”
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