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OpSource Names Mark Spagnolo Chairman of the Board of Directors
Spagnolo Brings Strong Operational Expertise and Demonstrated Success in Building Global IT Infrastructure Management Companies
SANTA CLARA, Calif., -- July 28, 2003 OpSource, Inc., an IT infrastructure services company, announced Mark F. Spagnolo, CEO of Broadwing Communications LLC, has been named Chairman of the Board of Directors. A current member of OpSource's board, Mr. Spagnolo will immediately assume the responsibilities of chairman.
"OpSource is a company in the right place at the right time," said Mark Spagnolo. "The cost-sensitive business reality of 2003 has created strong demand from infrastructure providers and global 2000 companies for extremely efficient, high-quality managed services. OpSource has demonstrated through its explosive growth and high marks for customer satisfaction that it can deliver these services, under private label as well as directly to its customers. I am very much looking forward to contributing to what I expect will become the industry leader in this space."
"Coming off very strong performance for the past twelve months, we have set the bar high for ourselves going forward," said Treb Ryan, CEO and co-founder of OpSource. "Having an executive of Mark's caliber as Chairman of the Board will be a definite advantage as we grow our business organically as well as through consolidation activities."
Mr. Spagnolo is currently the CEO of Broadwing Communications LLC, an Austin-based data and telecommunications services company. An infrastructure and technology services management veteran, he has held senior and executive management positions for start-ups and Fortune 500 companies, including President of the Infotainment strategic business unit of Electronic Data Systems (EDS) and CEO and President of UUNET. At UUNET, Mr. Spagnolo significantly increased revenue and profitability while expanding operations into 29 countries.
Following UUNET, Mr. Spagnolo was the CEO and Chairman of SiteSmith, a managed services company that delivered outsourced Internet services to the Global 1000. In 2001, SiteSmith was acquired by Metromedia Fiber Networks (MFN) for $1.4 billion. He was subsequently named President and CEO of MFN. Mr. Spagnolo restructured MFN from three separate entities into a unified company resulting in substantial cost reductions, enhanced customer satisfaction, and increased revenue. In 2002 he founded The Spagnolo Group, LP, a telecommunications consulting firm, under whose auspices he served on the board of Universal Access and as Interim CEO for Flag Telecom, assisting with that company's restructuring upon its emergence from bankruptcy.
OpSource Board of Directors
In addition to Mr. Spagnolo, the OpSource Board of Directors includes Farrokh Billimoria, general partner at Artiman Ventures; Jim McLean, partner at ComVentures; and Treb Ryan, CEO and co-founder of OpSource. Marv Tseu, CEO of Active Reasoning, is an advisor to the Board. For additional information about the board members, please visit OpSource's Web site and view the Board of Directors page at opsource.net/company/directors.shtml.
About OpSource
OpSource is a provider of direct and private-label IT infrastructure services to global 2000 companies. It combines innovative technology, best practices and experienced personnel to deliver services of higher quality and at lower cost than enterprises, government agencies and infrastructure providers can do themselves. OpSource SigmaCenter services range from complete technical staffing solutions for independent and corporate data centers to complex managed hosting solutions for the enterprise. The company's SigmaSystem services include the IT Infrastructure technology and services necessary for operating and managing every layer of a company's application infrastructure - from provisioning and deploying the physical networks and servers in the data center up to, and including, security, maintenance and performance optimization of customized applications.
The company is funded by Artiman Ventures and ComVentures. It is headquartered in Santa Clara, CA with additional operations in Southern California, New York City, Piscataway, NJ, and Chantilly, VA. For more information about OpSource, visit the company's web site at opsource.net.
