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January 10, 2008

Bandwidth.com Hires New CFO

By Raju Shanbhag, TMCnet Contributing Editor

 

 
Bandwidth.com 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 Bandwidth.com 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 bandwidth.com.  “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 Bandwidth.com 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.
 
Bandwidth.com 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 Bandwidth.com.
 
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
 
Mark your calendars! Internet Telephony Conference & EXPO — the first major IP communications event of the year — is just days away. It’s not too late to register for the event, which takes place in Miami Beach, FL, January 23–25, 2008. The EXPO will feature three valuable days of exhibits, conferences and networking that you won’t want to miss. So what are you waiting for? Sign up now!
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