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January 10, 2008 Hires New CFO

By Raju Shanbhag, TMCnet Contributing Editor is a profitable business with over 130 employees and the company is currently experiencing a rapid market share growth. It provides services in all 50 states, offering advanced VoIP, Internet services, and managed network services.
Petzold joins as an industry veteran with a background of more than 20 years of telecommunications and technology experience. He has vast experience in fundraising, mergers and acquisitions and operations. Petzold started his career as an audit manager at Arthur Andersen. Before working for Motricity (News - Alert), he was CFO of UUNET, which was then the largest worldwide Internet Service Provider. Petzold played a key role in the company growing from $20 million to $4 billion in annual sales and employee growth from 150 to 10,000.
“Matt’s experience is unparalleled. He knows telecom, he knows high growth, he knows how to execute, and he knows how to inspire those that work with and for him,” said David Morken, Chairman and President of  “He is exactly the CFO we’re looking for as we take our business to true leadership in the business telecom industry.”
“I couldn’t be more excited to be joining at this time of high growth and increased service offerings. I look forward to adding my experience and expertise and becoming a key part in achieving increased revenue and profitability.” said Petzold. will look forward to profit from Petzold’s vast experience at the financial helm of companies that are at the forefront of the industry. The company believes that Petzold’s experience of overseeing extensive growth and fundraising will be instrumental in advancing
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
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