Telecom veteran brings more than 30-years of finance experience, at public and private companies, managing annual multi-million dollar revenue generating companies
NEW YORK, June 24, 2015 /PRNewswire/ -- Allied Fiber, the United States' first open access, integrated, network-neutral colocation and dark fiber superstructure, today announced it has named Scott L. Drake as Executive Vice President and Chief Financial Officer (CFO). Drake is responsible for continuing Allied Fiber's growth by improving profitability, productivity, and market share. He will also focus on all aspects of financial operations, including strategic planning, system integrations and upgrades, and future growth initiatives.
Throughout his career, Drake has lead numerous merger and acquisition efforts by successfully closing more than $750 million in transaction value and managing organic growth initiatives. Previously, Drake was a Senior Consultant for Warbird Consulting Partners LLC, a professional services firm delivering value-driven accounting and strategic finance consulting services. At Warbird, Drake was a consulting advisor to an $18 billion dollar public telecommunications company and two technology growth companies with over $1 billion in revenue.
Throughout his career Drake has also provided various accounting advisory engagements on technology and telecommunications services to mid-market and large-cap public and private-equity owned companies. His responsibilities included strategic growth initiatives, merger and acquisition evaluations, business case development, working capital and performance improvement, pre-IPO preparation, ERP and financial reporting system implementations, and various engagements related to evaluation of infrastructure investments to drive revenues to accelerate or met customer needs.
Having recently announced the completion of its Southeast network spanning from Miami to Atlanta, Drake's hire creates greater depth in the Allied Fiber senior management team and continues to drive overall company momentum. Drake will report to the company's President, Mike Miller, with Miller reporting to Chairman & CEO, Hunter Newby.
"Scott's proven ability to drive the financial aspects of a company's growth is a tremendous asset to Allied Fiber," said Newby. "His experience and reputation in helping telecom companies succeed will allow Allied Fiber to take the next step in our business and further expand our network throughout the United States."
Prior to joining Warbird, Drake was Executive Vice President and CFO for Broadvox, Inc. and its acquired subsidiary, Cypress Communications, Inc., for more than seven years. He also was Co-founder, President, and CFO of Circle International Communications, Inc., and served in financial management related roles at several other public and private technology companies since 1985.
About Allied Fiber
Allied Fiber was created as the first national, open access, integrated, network-neutral colocation and dark fiber superstructure in the United States. Allied Fiber offers a combined long haul and multi-access point, short haul fiber optic system coupled with its own colocation facilities to provide control of the underlying physical assets to all network operators. Established in 2008, the Allied Fiber system is designed to link the international subsea cable landing points in the United States while also providing intermediate access along the route for the inclusion of local networks in to the global network architecture. By managing communications infrastructure as a real estate business for network operators the company has developed a unique platform that enables its customers' growth and profitability, which drives its own. Follow Allied Fiber on LinkedIn and Twitter.
Media Contact: North 6th Agency
SOURCE Allied Fiber