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Technology Stocks : VOXOX Communications

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From: Savant9/18/2020 7:14:23 PM
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VOXOX...appts new CEO Cleve Adams
news.yahoo.com

Global leader in unified cloud communications taps long time veteran to prepare company for next phase of revenue growth and increased value to investors and customers

SAN DIEGO, Sept. 15, 2020 /PRNewswire/ -- Voxox, a global leader in cloud-based communication solutions for businesses, today announced the appointment of Cleve Adams as Chief Executive Officer. Adams brings over 20 years of experience in founding and leading global organizations towards success. He has successfully achieved five exits as CEO with an average 21x ROI to investors and spearheaded an astounding $1.1B IPO as co-founder of WebSense (now Forcepoint). His appointment coincides with the rollout of 5G technology which will signal a massive shift in the way that companies and employees work; an analysis from Greensill estimates the total investment for the 5G rollout throughout the global supply chain is likely to top $2.7 trillion by the end of 2020. Adams takes over for current standing CEO and co-founder Bryan Hertz, who will remain Chairman of the Board and take on a new role as Executive Chairman.

"It's been a tremendous honor to serve as the CEO of Voxox since co-founding the company in 2006. I am incredibly proud of everything our team has accomplished together in our fourteen years," said Bryan Hertz, Executive Chairman, "Cleve is the right leader to step in and spearhead bringing the business to the next level," said Bryan Hertz, Executive Chairman. "His extensive background and acumen around smart business development will help Voxox solidify new partnerships, develop strategic alliances, raise capital, and expand our international sales presence while delivering value to stakeholders. Cleve brings a wealth of experience in securing capital for brands around the world and his connections in the SaaS sector will be invaluable. I speak for our entire executive team when saying just how thrilled we are to have him on board."

Throughout his tenure in the technology sector, Cleve Adams has built a successful sales channel of over 1100 resellers and distributors in 82 countries. Most notably, he was the driving force behind the creation of security titan Websense (now Forcepoint) - spearheading their growth of the company from pre-revenue to a $1.1 Billion IPO in less than three years. On average he presents an impressive 21X ROI to investors.
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