Overture Networks Named 2008 Red Herring North America 100 Winner.

Award Recognizes the 100 "Most Promising" Companies Driving the Future of Technology

RESEARCH TRIANGLE PARK, N.C. -- Overture Networks, a leading developer of converged packet access solutions for Carrier Ethernet, today announced it has been named a winner of the 2008 Red Herring North America

"The large number of entries in this year's competition demonstrates that the economic slowdown has not affected technology innovation," said Joel Dreyfuss, editor-in-chief of Red Herring. "The companies on this year's list are proof that creative ideas continue to find the funding that turns them into promising businesses."

Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

"We're proud and honored to be a recipient of this prestigious award," said Chip Redden, VP of marketing and product management for Overture Networks. "We believe this recognition as a top 100 company by Red Herring only further validates the importance of our company's continued commitment to help carriers deliver Carrier Ethernet services more reliably and cost-effectively throughout the world."

Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

To honor the CEOs of Red Herring 100 North America companies, Red Herring invited each one to present his or her company at its Red Herring North America 2008 event, May 12-14, at the San Jose Fairmont. As the venue for the unveiling of the Top 100 private companies in North America, this event draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 11th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

About Red Herring

Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About Overture Networks Inc.

Headquartered in the high-tech center of Research Triangle Park, North Carolina, Overture Networks is relentlessly focused on providing solutions at the ever-expanding edge of the access network. The company enables network service providers and enterprises to stretch the edge of their networks to increase revenues, decrease costs and ensure a smooth migration to next generation networking. With its patent protected and award winning ISG family of products, Overture Networks uniquely combines the packet-switched and circuit-switched worlds into a single architecture--at cost points that make it extremely attractive for offering Carrier Ethernet Services to any size location--over copper, fiber or optical transport. For more information, visit www.overturenetworks.com.