NeoNova Names Broadband Expert Ray Carey as CEO

RESEARCH TRIANGLE PARK, N.C., Sept. 28 /PRNewswire/ -- NeoNova Network Services, Inc, the industry leader in managed broadband services for Telcos today announced that Ray Carey has been named CEO and Chairman.  Carey has been on the NeoNova board for the past three years is now charged with leading the continued success and growth of the company.  Current CEO, John Carlson, will remain on NeoNova's Board of Directors.  

"NeoNova has a strong history in partnering with broadband providers to ensure they are offering the most compelling services for their customers in an efficient and low risk manner," said Carey.  "I understand our partners trust us with their customers, and we take that trust very seriously.  I look forward to continuing to provide the high level of service and personal touch that NeoNova has delivered to our over 100 broadband operator partners for the past decade." 

"The current market is undergoing an enormous amount of change," said John Carlson, former CEO of NeoNova.  "Ray brings a tremendous amount of industry experience and knowledge for how to lead companies through a rapidly evolving market. The fact that he has worked so closely with NeoNova for the past 3 years makes the transition to CEO run that much smoother."

For the last decade, Carey was a General Partner with Azure Capital Partners, where he will remain as a Venture Partner.  During that time, Carey focused on leading companies that provide technology and solutions to the telecommunications market.  He has been actively involved in NeoNova since early 2008 when he led Azure's investment in the company alongside Bridgescale Partners. While at Azure Capital Partners, he was also involved with other leading companies in the broadband market including Calix Networks, Cyan Optics, Vapps, Inc., and World Wide Packets.  Prior to Azure, Carey worked at Credit Suisse First Boston where he provided strategic advice to several companies including ADC Telecommunications, Cerent (acquired by Cisco), Juniper Networks, and Zhone Technologies.  

"We see a huge market opportunity with the future of broadband and realize that Ray has had a tremendous impact on the industry to date," said Paul Weinstein, General Partner, Azure Capital Partners.  "We are thrilled that he can take his knowledge and make this seamless transition to the CEO role."

"Ray brings the vision, leadership, and energy to drive new innovations for NeoNova and their customers," said Matthew Cowan, Managing Director, Bridgescale Partners.  "NeoNova's combination of services, technology and experience helps customers improve their business.  With the rapidly changing market, Ray is the best fit to help NeoNova lead their customers through this shift in their business model."

"Our commitment to customers does not stop with our current offerings.  The technology landscape is moving very fast, and we intend to keep our customers ahead of the pack," stated Carey.  "We recently entered into a strategic relationship with Google to make available advanced messaging and cloud-based applications to our customers and are committing resources to offer more exciting technologies to our customer partners over the coming year."

About NeoNova Network Services

NeoNova drives revenue growth and optimizes customer performance by delivering a wide array of subscriber, network management, and professional services leveraged by extensive industry experience and their powerful service delivery software platform.  NeoNova's cloud-based, flexible, and modular provisioning platform enables a comprehensive suite of applications and value-added services that allow service providers to become a best in class ISP in less time with a greater ROI.  Recently NeoNova entered into a strategic relationship with Google™ and is now an authorized reseller of the Google Apps™ suite of communication and collaboration tools.  For more information, please visit www.neonova.net.

SOURCE NeoNova Network Services

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