Dallas, TX, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Magna5, a national provider of cloud, managed IT and professional services, today announced the appointment of Scott Alcott to its board of directors. Alcott is an award-winning executive, recognized as one of the most influential global chief information officers (CIO).
From 2012 - 2018, Alcott served as CIO of Comcast Cable, one of the largest video, high-speed internet and phone providers to residential and business customers, globally. In this role, Alcott was charged with oversight of all Comcast Cable’s infrastructure, operations, software development, systems engineering and lifecycle management, including more than 650 core services and corporate line-of-business IT systems.
Alcott’s tenure at Comcast is highlighted by the service provider’s successful digital transformation. As the second CIO in Comcast’s history, he is credited with streamlining operations across the organization, significantly increasing productivity, and implementing progressive business models that delivered higher flow-through and superior customer experiences. Comcast’s digital transformation not only increased the volume of digital transactions, it also fostered new opportunities for partner marketing, sales and distribution.
“Scott Alcott is one of the most accomplished, talented and forward-thinking executives in the world,” said Magna5 Chairman and CEO, Rick Lottie. “His success in numerous technical, operational, commercial and executive posts comprise an unparalleled track record at the highest levels of international commerce.
“We are excited to have Scott join our board of directors and look forward to his contributions and insight. The wealth of knowledge and diverse expertise he brings to Magna5 will help us navigate an evolving market and ascend to a position of national prominence.”
Prior to joining Comcast, Alcott served as Executive Committee Member with various C-level operating roles (1999 –2012) at Belgacom, S.A., a $7 billion Belgium telecom company. Reporting directly to the CEO, he occupied the most senior role in critical technical, operational, commercial and business unit functions, which included chief executive and chairman of various subsidiaries.
“I am honored to join renowned business leaders like Jim Ashton, Skip Maner and Rick Lottie on Magna5’s esteemed board of directors,” said Alcott. “With businesses nationwide consuming applications as a service from the cloud, Magna5 is very well-positioned to capitalize on the universal need for a managed services provider on which organizations can rely for IT, infrastructure, IP telephony and cybersecurity. By combining an award-winning portfolio with the backing and expertise of a premier private equity partner in NewSpring, Magna5 has assembled the necessary ingredients for sustained growth and long-term success.”
Magna5 is a cloud and managed IT services provider that supports mid-market and large enterprise organizations. The company’s expansive portfolio includes business continuity, managed security services, business voice and data services, hybrid network services, in addition to unified communications (UCaaS), infrastructure (IaaS), and software (SaaS) delivered from the cloud. Following acquisitions of X5 Solutions in Seattle, WA, CornerStone Telephone Company in Troy, NY, NovaTel Ltd. in San Antonio, TX, and NetServe365 in Pittsburgh, PA, Magna5 stands alone as the partner organizations across the country count on for enterprise IT and communications, cybersecurity, cloud and managed IT services.
ABOUT MAGNA5
Magna5, a NewSpring Holdings portfolio company, delivers network services, unified communications (UC), infrastructure technology and managed services to more than 7,500 mid-market and enterprise customers nationwide, including leaders within the education, healthcare, government, financial services and beyond. Magna5 offers voice and data services, as well as a host of “above the net” cloud services and operates a proprietary, secure network designed to leverage diversified carriers and infrastructure in targeted points-of-presence (PoPs) throughout the United States, a key strategy for network reliability. Within the managed services offerings, Magna5 provides security services, data backup, recovery management, hosting services, and IT Consulting from their 24/7/365 fully staffed Operations Center. Headquartered in Dallas, Magna5 operates office and network facilities across the country, including Albany, NY; Los Angeles; New York City; Pittsburgh; Portland, OR; San Antonio; Seattle, and Troy, NY. Magna5 is NewSpring Holdings’ voice, data, infrastructure and managed services platform.
For more information, visit www.magna5global.com.
ABOUT NEWSPRING HOLDINGS
NewSpring Holdings, NewSpring’s dedicated holding company with a buy-and-build strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999 NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.
