Overture Networks said today it has completed its merger with Hatteras Networks, forming a privately-held telecommunications company with more than 100 employees to be based in Research Triangle Park.
The combined company, which will carry the Overture name, also reported to the Securities and Exchange Commission it has raised nearly $44 million in venture capital. That's on top of nearly $17.2 million Overture raised last year.
Overture told the SEC that both rounds of venture capital were raised in connection with a merger or acquisition, but the company noted in a written statement Monday that the latest financing round was not specifically related to the Overture-Hatteras merger.
That merger was announced March 1 and combined Overture, based in Morrisville, with Hatteras, based in RTP.
Overture plans to have about 200 employees, including 110 in the Triangle. Overture and Hatteras were both founded in 2000 and specialize in technology that lets telecommunications carriers send voice and data over the same networks.