Zayo is shuffling its top management ranks as it completes its acquisition of Latisys, a move that will help it sharpen its focus on colocation, cloud and optical service opportunities.
By completing its acquisition of Latisys, which is being integrated into Zayo's zColo unit, the company will increase zColo's proforma annualized revenue by 80 percent to approximately $183 million. The company will now be able to offer rich connectivity solutions to Latisys customers while addressing increasing demand for colocation and IaaS solutions within its existing customer base, Zayo Group CEO and Chairman Dan Caruso said in a press release.
Heading up zColo will be Stephanie Copeland, formerly Zayo's president of Lit Services, who has been named president of zColo. Being part of one of Zayo's strategic product groups under Zayo's Physical Infrastructure segment, Matt Erickson will retain his role as segment president of its Physical Infrastructure segment. In addition to helping to oversee zColo with Copeland, Erickson will continue to oversee not only the company's Metro Dark Fiber, but also Intercity Dark Fiber and Mobile Infrastructure.
By acquiring Latisys, Zayo immediately added eight new facilities to Zayo's data center strategic product group, zColo, while increasing Zayo's billable data center space to 503,000 square feet. The service provider said that the additional facilities bring Zayo's total data center count to 45 facilities across the U.S. and Europe, and increases zColo's billable square footage by approximately 60 percent.
Chris Morley, former president of sales, will now take on a new role as president of Zayo's Lit Services segment, which will be renamed Zayo Cloud and Connectivity. Zayo Cloud and Connectivity will combine the Zayo Lit Services segment and Latisys' Cloud business. Greg Friedman, formerly vice president of zColo, has been named vice president of the new Cloud strategic product group.
Finally, Glenn Russo has been named Zayo's president of Sales and Service and David Howson remains Zayo's president of International.
These new management roles come at a time when Zayo is seeing continual revenue growth due to its ongoing acquisition strategy. In its fiscal second quarter, Zayo reported that revenue rose 4 percent sequentially to $323.9 million.
- see the release
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