Verecloud Names Two New Board Members

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Telecom industry veteran Hossein Eslambolchi and retail energy expert Phillip Tonge to help company drive new cloud services opportunities

The unique insight and background Hossein and Phillip bring to Verecloud will be extremely valuable to our board and the company.

Communications technology visionary Dr. Hossein Eslambolchi and longtime telecom and retail energy executive Phillip Tonge have joined the board of directors for Verecloud Inc., which equips communications service providers (CSPs) with a cloud services aggregation platform enabling them to capture more of the emerging cloud computing services market.

"We are very excited to have these two outstanding individuals join our board”, said Verecloud Chief Executive Officer John McCawley. “They bring a unique combination of thought leadership and operational experience that will be invaluable to us as we expand our cloud computing products and services."

Dr. Eslambolchi is chairman of 2020 Venture Partners, which provides technology and operations consulting to private equity and venture capital firms in the area of telecommunications IP software and infrastructure. Previously, he spent 19 years at AT&T where he held several executive positions including chief technology officer and president of AT&T Global Networking Technology Services and president and CEO of AT&T Bell Laboratories. Called "a bold, pragmatic visionary" by Business Week Magazine, Dr. Eslambolchi has won numerous awards, including the AT&T Science and Technology Medal, and holds more than 1,000 patents.

Tonge most recently served as president of North American residential and small commercial businesses at Direct Energy, one of North America’s largest competitive energy suppliers of electricity, natural gas and related services. Tonge, who joined Direct Energy in 2004, previously served as president of the company’s U.S. operations and president of its Texas unit. He retired from Direct Energy in 2009.

Tonge also worked at AT&T for more than 20 years, serving as president of AT&T residential local services and vice president of consumer services. Tonge is chairman of the Southwest Region of the Boys and Girls Clubs of America and is a member of the national board of governors for the organization. He also is a member of the board of advisors for the Texas Institute for Sustainable Technology Research.

“Verecloud is continually evaluating new opportunities to expand its business as the company’s operations evolve. Our new board members will help us tap into emerging prospects inside and outside our core communications space," said Mark Faris, chairman of the Board for Verecloud. "The unique insight and background Hossein and Phillip bring to Verecloud will be extremely valuable to our board and the company."

Dr. Eslambolchi and Tonge join Faris and McCawley on the Verecloud Board of Directors.

About Verecloud

Verecloud is focused on enabling communications service providers (CSPs) to capture market share in the expanding and lucrative cloud computing market. Verecloud is preparing to launch a new product called the NIMBUS Exchange. The NIMBUS Exchange is a platform that will enable CSPs to aggregate their current products along with innovative cloud services by using their existing systems. CSPs will have the capability to perform the order, fulfill, support and bill functions for their products and cloud services products. By collaborating with Verecloud, CSPs can turn what was once a simple billing relationship into a deepened customer relationship. Learn more about Verecloud at: http://www.verecloud.com.

For more information, contact Michael Hopkins, VisiTech PR, at (303) 752-3552 ext. 230, vc(at)visitechpr(dot)com.

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