MYCOM Group, which is backed by Clearlake Capital, announced several executive changes to its Advanced Engineering Services and Software divisions. Alfred Binford was appointed President and CEO of the Advanced Engineering Services division, while Richard Blanc was named COO and David Winters to CFO. Also, Dr. Payam Taaghol was promoted to president of its software division.
Atlanta, London, and Santa Monica – August 20, 2013 – MYCOM Group, the leading independent provider of end-to-end services, solutions and software for communications networks, and Clearlake Capital, a private equity firm and strategic investor in MYCOM, today announced several executive management appointments in response to recent success and growth experienced across its Advanced Engineering Services and Software divisions.
Alfred Binford is appointed President and CEO of MYCOM’s Advanced Engineering Services division, based in Atlanta, Georgia. The division also recently appointed Richard Blanc as COO and David Winters as CFO. Binford succeeds Richard Hessler, who is moving into a new role within MYCOM Group after holding multiple senior executive roles in the division.
Siamak Sarbaz, Founder and CEO of MYCOM Group, said “MYCOM’s Advanced Engineering Services continues to grow rapidly and is focused on delivering excellent value to our customers. We believe Alfred’s background uniquely positions him to lead our services team in delivering superior, advanced engineering services and technical solutions that enable the world’s leading wireless and convergent communications companies to succeed in the face of tremendous challenges. We believe his appointment as well as those of David Winters and Richard Blanc, along with the rest of the high quality individuals at MYCOM, will create an unparalleled team with which to go to market.”
MYCOM Group has also promoted Dr. Payam Taaghol to lead its Software division, based in London, as its President. Dr. Taaghol joined MYCOM in 2005 and was previously Managing Director and Head of Sales.
“MYCOM’s Software division is seeing unprecedented growth given carriers’ ongoing needs to optimize and improve their network performance, and we are excited to promote industry leader Payam Taaghol to President of the division,” Sarbaz continued. “The combination of our multi-billion-dollar market opportunity, Clearlake’s financial and strategic backing, and our new leadership team across our group enhance our ability to expand offerings while continuing to deliver best in class service for customers.”
Behdad Eghbali, a Founding Partner at Clearlake, said, “MYCOM is at the forefront of the mobile broadband revolution, helping global carriers successfully address the explosion of bandwidth consumption and proliferation of mobile applications and services. The company is well-positioned to benefit from growing investments in upgrading and maintaining existing and Next Generation wireless networks. Clearlake is pleased to back the excellent MYCOM management team and support the Company as it pursues its aggressive growth trajectory.”
About the new appointments:
• Alfred Binford: Binford has more than 25 years of experience in the communications industry and has worked across a broad range of major markets. Prior to joining MYCOM North America, Binford led the Amdocs Consulting Division to significant growth on a worldwide basis, joining the company in 2010. Before joining Amdocs, he was a senior executive at Vodafone, leading its Global Enterprise business in the Americas. Prior to working at Vodafone, Binford led the Managed Services and Outsourcing businesses for Unisys and, earlier, at EDS. Binford began his career in telecommunications with AT&T where, over the course of eleven years, he held assignments of increasing responsibility across sales, marketing, network operations, and product management. Binford went on to work at Verizon, where he was initially Vice President of Corporate Marketing and Advertising, and later the President and CEO of its long-distance subsidiary during the start-up phase.
• Payam Taaghol: With more than 18 years of experience in telecommunications, Dr. Taaghol has held executive positions with Nortel, Bechtel, and Wireless Facilities International prior to joining MYCOM in 2005 as the Managing Director of EMEA. In addition to completing his Ph.D. at University of Surrey, Dr. Taaghol has also held research and academic positions in the past and has published extensively on various topics related to telecommunications technology.
• Richard Blanc: Prior to joining Mycom North America this year, Blanc served as VP of Field Services for Ericsson since 2009. Prior to Ericsson, Mr. Blanc spent 19 years in various senior management positions in such areas as field services, network operations, special operations, network integration management, and IT services development, delivery and operations. Prior to Sprint, he spent 10 years in software development at such companies as BWAI, Telplus, and WTW.
• David Winters: Winters is a deeply experienced finance executive, who has previously held CFO, VP Finance, and other senior finance and treasury positions at such companies as Mitel, IntelliOne, Pure Med Spa, The Macauley Companies, Polycom, and BellSouth.
About MYCOM Group
MYCOM Group is a leading provider of innovative engineering services and carrier grade software solutions to the global wireless communications industry. MYCOM’s Advanced Engineering Services division provides value-added engineering and managed services for core network upgrades, provisioning, maintenance, software and hardware upgrades, as well as access networks design, deployment, and testing services for mobile network operators. MYCOM’s Software division develops, licenses, and supports its NIMS-PrOptima™ solution – a converged (Fixed/IP/Mobile) Network Performance and Service Assurance solution with the world’s largest out-of-the-box support for multiple technologies, domains, and equipment vendors across access, backhaul, core and service networks. MYCOM counts many leading CSPs globally as customers, was founded in 1997 and is privately-owned with 11 offices across Europe, Middle East, Asia and the Americas. Further information about MYCOM can be found at www.mycom.com
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm focused on special situations and private equity investments such as corporate divestitures, recapitalizations, buyouts, reorganizations, turnarounds and other equity investments. Clearlake seeks to partner with world-class management teams by providing patient, long-term capital and operational expertise to invest in dynamic businesses. Clearlake currently manages approximately $1.4 billion of equity capital, and Clearlake’s founding principals have led over 70 investments totaling more than $3.0 billion of capital in sectors including business services, communications, consumer products/retail, defense/public safety, energy/power, healthcare, industrials, media, and technology. For more information, please visit www.clearlakecapital.com.