Broadpoint Appoints Errol Olivier as President and CEO.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- Broadpoint, a full-service telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and network solutions company, today announced Errol Olivier as its new President and Chief Executive Officer. Olivier comes to Broadpoint following his retirement from a 17-year career at satellite and telecommunications provider, CapRock Communications, Inc., where he served as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Errol brings a tremendous depth and breadth of industry experience to Broadpoint," said John Bolduc of H.I.G. Capital, one of Broadpoint's key investors. "His leadership guided his previous employer to impressive growth, and we couldn't be happier to have him onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard. at Broadpoint as we continue to expand our offerings and increase our focus on the international market." As president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Olivier's focus will be on growing Broadpoint's US-based telecommunications and satellite services, expanding the international presence and providing customers with reliable and seamless connectivity and support worldwide. "There is tremendous growth potential for Broadpoint as customers in the marine and oil and gas industries demand greater connectivity for both professional and crew welfare applications," said Olivier. "I am excited about working with the loyal and dedicated employees at Broadpoint to meet this demand and continue the company's success." At CapRock, Olivier spearheaded the company's return to private ownership, leading a buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. from owner McLeodUSA. He went on to grow the company's revenues by more than 400 percent in recent years, leading business units operating in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Asia, Africa, and the United Kingdom. He also previously served as the vice president of CapRock's enterprise business group, managing sales and marketing for all of the company's strategic markets. During his tenure he pioneered the first successful multi-tenant maritime satellite telecommunications business strategy in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east and expanded it globally. ABOUT BROADPOINT Broadpoint is a full service telecommunications and network solutions company offering the industry's most flexible and complete range of cellular, satellite and 2-way radio communications, custom-engineered solutions and antenna and tower services. Broadpoint provides leading companies in the maritime, energy and government sectors with reliable connectivity to their remote assets around the world. The company is also a remote communication pioneer with extensive experience in the offshore industry. Broadpoint operates and maintains the first GSM/GPRS/Edge offshore wireless network, which covers more than 100,000 miles in the Gulf of Mexico. Broadpoint is owned by an affiliate of H.I.G. Capital, a leading private equity and venture capital investment firm with more than $5 billion of equity capital under management. For more information, please visit http://www.broadpointinc.com. |
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