NEW YORK, NY [JANUARY 18, 2011] – Voxel, a leading provider of hybrid cloud hosting and managed services, announced today that it has raised its first capital from outside investors and has appointed Raul K. Martynek, a respected industry veteran, as Chief Executive Officer and a member of the Board of Directors. Raj Dutt, Voxel’s Founder and CEO since 1999, will transition into a new role as the company’s first Chief Technology Officer.
From 1998 to 2003, Mr. Martynek was Chief Operating Officer of Eureka Networks, a telecommunications company focused on managed services and cloud communications. From 2003, Mr. Martynek was President, Chief Executive Officer and a director of Eureka Networks and InfoHighway Communications, which it acquired in 2005, until the successful sale of the combined company to Broadview Network Holdings in 2007.
Most recently, Mr. Martynek served as a Senior Advisor to Plainfield Asset Management, a $4 billion hedge fund focused on the telecommunications and infrastructure sectors and as the Chief Restructuring Officer of Smart Telecom, a Dublin, Ireland-based fiber competitive local exchange carrier. He currently serves as a director of Broadview Networks Holdings, Inc., a network-based business communications provider, and Bitstream (NASDAQ:BITS), producer of the popular BOLT Browser and MyFonts.com portal.
“Raul possesses exactly the right combination of experience and energy to take the helm at Voxel”, said Mr. Dutt. “As the entrepreneurs and technologists who’ve organically built this company from the ground up, the whole team is excited to be working with Raul, and to have completed our first outside capital round.”
DH Capital, an investment banking firm serving companies in the Internet infrastructure and communications sectors, assisted Voxel in recruiting Mr. Martynek and raising outside capital. “Raul is the perfect fit for a fast-growing private hosting and cloud services company such as Voxel,” said Peter B. Hopper, CEO and Co-Founder at DH Captial. “His addition to the operating team at Voxel will add tremendous momentum to the Company while enabling it to attract the investment necessary to meet the market demand for Voxel’s services.”
“As one of the true leaders in next-generation hosting services, Voxel has all the ingredients necessary to add substantial value in the marketplace.” commented Mr. Martynek. “I am extremely excited about the prospects for the business and look forward to working with the Voxel team to build upon the strong foundation they have created.”
About Voxel Dot Net, Inc
Voxel (http://www.voxel.net) delivers high-performance Internet infrastructure that is scalable, fully-supported and cost-effective. The company offers industry leading hosting services via VoxSTRUCTURE, its open automation platform, and its unique Universal Transfer bandwidth aggregation model. Services include on-demand physical and virtual cloud servers, the VoxCAST Global Content Delivery Network (CDN), and a full suite of Managed Services for complex hosting deployments. The Company is headquartered in New York City and maintains strategic global hosting and network points of presence across the globe.
About DH Capital, LLC
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure and communications sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed M&A transactions and private capital placements totaling more than $3 billion in value. For additional information about DH Capital, please contact us at 212-774-3720 or visit our website at www.dhcapital.com.