Aria Networks, a leading networking software developer and consultancy today announced that the internationally recognized telecoms industry business leader John Cronin has been appointed as the company’s new Chairman of the Board.
Cronin, who brings a wealth of experience working with global telecoms and OSS software companies, joins the Aria Networks team at a time when the company is enjoying a sustained period of growth. In the past year, revenue has grown by more than 60% driven by Aria Networks’ success in meeting the needs of operators delivering broadband fixed line and mobile services.
The company has also recently released major updates to three key products (Capacity Planner, iForecast and iVNT) aimed at capacity management, data analytics and MPLS planning. Aria Networks has also been successful in winning repeat business with key clients in markets in North America and Europe.
“We are very pleased that John has accepted the Chairmanship of the company,” said Tony Fallows, CEO. “He will play an important role in further developing Aria Networks’ company strategy during this time of significant growth. His broad experience in OSS and communications leadership positions will be a great asset as we continue to develop innovative products for the network capacity management market.”
Cronin commented, “I am excited to be joining Aria Networks at a time when capacity management is becoming the principal challenge to service providers’ profitability. With the explosion in demand for broadband services and the need for differentiated products, the opportunity for capacity management is huge. Aria’s customers are gaining a return on investment (ROI) within an average of six to nine months – which is exceptional.
“Aria’s strategy of focusing on the economics of the network and automating capacity management tasks will be a key contributor to our customers’ profitable deployment of new LTE, Ethernet and optical services. I look forward to working with the Aria Networks team, supporting the continuing growth in customer opportunities and partner relationships.”
Cronin has been instrumental in several key communications sector mergers and acquisition worldwide, raising equity, debt facility and vendor financing funds of between $50m and $900m. He has a track record of creating significant value for shareholders with four significant company exits at Azure Solutions, i2, Netsource Europe and Picochip, totalling over $600m.
Cronin’s contribution to the communications and technology industries includes holding the post of Chairman, NED, adviser and CEO to GCI Com, Picochip, Arqiva, Azure Solutions, Subex, Evolved Networks, i2, Cambridge Networks, Kast, Qariba, Next2Friends, Bailey Fisher, 2Ergo, and adviser to several private equity and VC firms.