Frisco, Texas, July 9, 2013— GENBAND, a leading developer of multimedia networking and software communications solutions, today announced Executive Chairman David Walsh will assume the role of President and CEO. Charlie Vogt, former President and CEO, has accepted a new CEO leadership role to be announced later today.
“On behalf of the company and GENBAND’s Board of Directors, we thank Charlie for his drive, dedication and leadership and many years of service to the company,” said Mr. Walsh. “He assembled an accomplished management team, which continues to bring world-class technologies and innovative solutions to the marketplace. We wish Charlie the very best in the future.”
“The last nine years have been an extraordinary experience as we transformed what was once a one-product company into a global leader in IP networking with more than 700 customers spanning 80 countries,” Mr. Vogt said. “With the invaluable support of David Walsh’s vision and One Equity Partners’ capital, GENBAND has embraced a unique culture of innovation, customer focus and entrepreneurialism. GENBAND’s experienced management team continues to successfully implement the company’s long-term plan and is well-prepared under David’s leadership to further grow the company.”
Mr. Walsh has been a Managing Director at One Equity Partners (OEP) since 2001, the private investment arm of JPMorgan Chase & Co. He joined the GENBAND board upon the merger of NextPoint (an OEP portfolio company) with GENBAND in 2008. He assumed the position of Chairman in 2010 following the acquisition of the Nortel Carrier VoIP and Application Solutions business, with OEP providing the investment capital.
During his 30-year career in telecom and technology, Mr. Walsh has been the chairman, CEO or president of multiple global companies. He will continue as chairman of GENBAND in addition to serving as the company’s president and CEO.
Mr. Walsh also currently serves as the Chairman of Netas (NETAS: IS), Turkey’s leading IT services business, and Aligned Energy, which is altering the landscape for data center infrastructure.
GENBAND is a leading provider of multimedia networking and software communications solutions for service providers and enterprises spanning more than 80 countries. The company’s technology improves IP networks by making them more scalable, secure, profitable and efficient. GENBAND’s market-leading technology supports multimedia voice, data and video sessions and fixed-mobile unified communications applications that scale on public and private networks. With a flexible, cloud-ready platform, GENBAND’s IMS, edge and application solutions help its customers compete effectively by increasing revenues, improving profitability, and attracting and retaining customers. To learn more, visit us on the web at www.GENBAND.com.
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