[February 27, 2007] tel(x) Welcomes New CEO Eric Shepcaro Tweet NEW YORK, Feb. 27 /PRNewswire/ -- The tel(x) Group announces new leadership: Eric Shepcaro, former Senior Vice President of Business Development and Emerging Services for AT&T, joins tel(x) as CEO and Chairman of the Board. Shepcaro brings over 25 years of experience working in the Network/IT industries in both public and startup companies, which tel(x) executives see as crucial for their new expansion. tel(x), the premier operator of telecom "meet-me" network interconnection facilities in North America, signed agreements with Digital Realty Trust, Inc. in December 2006 to lease and exclusively manage the Meet-Me-Rooms of ten Digital Realty Trust facilities in the United States in addition to its facilities in New York and Atlanta. This alliance has propelled tel(x) into a position of unparalleled capacity and potential, which Shepcaro is excited to leverage. "This is a tremendous opportunity to bolster tel(x)'s expansion both domestically and internationally," he comments. "We're looking at both organic and inorganic growth potential for the company as we capitalize and build upon past successes and expand our market opportunity." Shepcaro's experience with carriers, service providers, enterprise segments, and content providers will prove invaluable over the coming year as tel(x) extends its reach to ten new cities and markets. Responsible for identifying and launching new lines of business for AT&T, Digital Island and Sprint, Shepcaro is a veteran strategist in the markets tel(x) targets. GI Partners, the private equity firm who recently purchased The tel(x) Group, say this is what drew them to Shepcaro. Eris Harrison of GI states, "We needed an innovator who could lead tel(x)'s expansion while maintaining their established and very successful business model. Eric has a thorough grasp of the market and relevant technology, with the savvy and ability to leverage his background for tel(x)'s next phase of growth." As CEO, Shepcaro says his first priority is to bolster customer and operations support. "It is imperative that we expand our capacity for customer care by adding critical resources as we grow our company to new locations. tel(x)'s main objective has and always will be to support our customers' growth in our facilities," he states. "In addition, tel(x) sees the growth of IP and Web 2.0 as indicators of a trend towards interconnection needs; we plan to be the primary source to bridge that gap." J. Todd Raymond, who served as Interim CEO since the acquisition by GI, will continue on as President and Chief Operating Officer. Raymond states, "Eric's goals for the company are in tandem with our longstanding objectives. I am thrilled that he's joined the group and I, together with the rest of the management team, look forward to helping him lead us into what I am sure will be the most exciting period in tel(x)'s history." About tel(x) tel(x) is the premier operator of telecom "meet-me" network interconnection facilities in North America, with twelve facilities nationwide. By providing a neutral marketplace for network services, tel(x) promotes, encourages and facilitates business opportunities between and among its carrier and enterprise clients. Known for its "best of class" facilities and customer support services, tel(x) strives to avail its customers of significant growth opportunities. tel(x) is a privately held company, headquartered in New York City, USA, with operations in Atlanta, Charlotte, Chicago, Dallas, Los Angeles, Miami, New York City, Phoenix, San Francisco, Santa Clara, and Weehawken. The tel(x) Group CONTACT: Megan Foley of The tel(x) Group, +1-212-480-3300 ext. 2016,[email protected] Web site: http://www.telx.com/ [ Back To TMCnet.com's Homepage ]