Arbinet-thexchange names John
Roberts Chief Financial Officer, Steve Heap Chief Technology Officer
New Brunswick, NJ – April 20,
2004 – Arbinet-thexchange, the full-service trading solution
for buyers and sellers of voice minutes, announced today the appointments
of John Roberts as Chief Financial Officer and Steve Heap as Chief Technology
Officer and VP, Business Development.
Commenting on the appointments, J. Curt Hockemeier, President
and CEO of Arbinet-thexchange, said, “Our decision to bring John
and Steve aboard underscores our commitment to provide our Members with
financial expertise and innovative technology solutions.”
Prior to his appointment as CFO of Arbinet-thexchange,
John Roberts was Chief Financial Officer at Razorfish (NASDAQ: RAZF),
a $300 million publicly traded IT consulting firm. In this role, Mr. Roberts
developed and implemented critical company strategies, including client
development initiatives, operating plans and mergers and acquisitions.
Prior to Razorfish, Mr. Roberts was a partner at PricewaterhouseCoopers.
“Arbinet-thexchange provides a ground-breaking
solution for standardizing and optimizing transactions in the communications
industry,” comments Roberts. “I look forward to working with our Members
to enhance the financial impact thexchange can deliver and to expand
our role as a financial partner.”
Steve Heap, the newly appointed CTO & VP, Business Development,
brings diverse experience in Internet-based technologies, software and
systems development, and engineering.
Prior to joining Arbinet-thexchange, Mr. Heap
served as Chief Operating Officer and Chief Technology Officer for ePHONE,
a VoIP service provider. Mr. Heap was also Senior Vice President and Chief
Network Officer for the Internet backbone company, Aleron, Inc. and also
held senior executive positions at Teleglobe, Inc., Concert Communications,
and British Telecom.
“Arbinet-thexchange offers a compelling technology
model and has a broad range of opportunities that can be implemented to
help Members improve the efficiency of their businesses,” states Steve
Heap. “I will focus on designing and delivering initiatives that will
create new revenue opportunities for our Members and help them reshape
their cost structures in this demanding environment.”
About Arbinet-thexchange
Two processes central to all telecom companies are selling
access to their networks and routing calls off their networks to destinations
worldwide. Arbinet-thexchange has created the liquid market and
designed and built the world’s most advanced routing system to automate
anonymous minutes trading between telecom companies. More than 300 Members
use thexchange to reduce their cost of service, improve route quality
and expand revenues by reaching new markets without extensive network
build out.
A Member inputs trade parameters and the system automates
sales and purchase order execution, complex calling code matching, call
routing to specific breakout destinations and manages the quality of service
of traded capacity. The system also handles the credit risk management,
billing and commercial settlement aspects of these transactions. Arbinet-thexchange
also distributes spot market transaction data that provides carriers with
reliable pricing, quality and routing information for use in planning
and negotiations. These products include: AXCESSCODESM
calling code breakouts and AXCESSRATESM spot
market price and quality data.
