Metaswitch is turning yet another chapter in its evolving playbook by appointing former Redback/Ericsson leader Kevin DeNuccio as its new CEO.
Current CEO John Lazar, who has been promoted to company chairman, said that the latest appointment will help the company compete on a worldwide basis.
"As the economy eases out of recession, Metaswitch is poised to emerge as a significant player with global scope. This is a tremendously exciting prospect--but also a challenge for us as an organization to manage that growth and make the most of the opportunity," said Lazar in release.
DeNuccio is no stranger to MetaSwitch having already served on the company's board as an independent director since December 2008. What he does bring to the table is a knack for transforming companies into major money makers. At Redback Networks, now Ericsson, DeNuccio was able to transform the company into a major edge routing player leading it to be acquired by Ericsson for $2.1 billion. Likewise, he helped expand Cisco's service provider division from a $500 million business to a $4 billion business in four years.
He plans to apply that growth experience to MetaSwitch. "We have three product threads today, softswitch being one, where we are an industry leader, and then the applications space and the protocol division," DeNuccio said in an interview with LightReading. "We think we can double that to six product threads. We have the base and the ability to enter multiple product areas."
- see the release here
- LightReading also has this analysis
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