Press release from Marketwire
TeraGo's Board Strengthened With Addition of Two Experienced Directors from Largest and Founding Shareholder
Tuesday, April 30, 2013
TeraGo's Board Strengthened With Addition of Two Experienced Directors from Largest and Founding Shareholder07:00 EDT Tuesday, April 30, 2013
TORONTO, ONTARIO--(Marketwired - April 30, 2013) - TeraGo Inc. (TSX:TGO) (www.terago.ca) today announced two additions to the Company's Board of Directors. Richard Brekka and Jim Sanger were nominated and elected by Second Alpha Partners (formerly Dolphin Equity Partners), a private equity firm which holds the two outstanding Class B Shares of TeraGo.
Richard Brekka is a Managing Partner and co-founder of New York-based Second Alpha Partners. He has invested in growth-oriented technology companies for more than 20 years and currently serves on the boards of TouchCommerce, Sixth Sense Media, Silver Carrot and Appia Communications.
Prior to founding Second Alpha, Mr. Brekka was President, Managing Partner and founder of Dolphin Equity Partners, a New York-based venture firm and founding shareholder of TeraGo. Between 1998 and 2010, Dolphin raised two funds and invested in nearly three dozen portfolio companies. Mr. Brekka was a director of TeraGo from May 2007 to June 2012.
Jim Sanger is also a Managing Partner and co-founder of Second Alpha Partners. He is an author and frequent speaker on topics related to advanced technologies, business innovation and the evolution of venture capital investing and has spent more than 20 years as a venture capitalist, secondary investor, corporate advisor and technology executive. He serves on the board of Internet media company Silvercarrot.
Prior to Second Alpha, Mr. Sanger was a General Partner at ABS Ventures, and previously was a Managing Director in Deutsche Bank's DB Capital Venture Partners and Corporate Investments organizations. He also served as Chief Technology Officer and Director of Technology Investment for Deutsche Bank's London-based corporate venturing group and held IT management positions at Deutsche Bank, Barclays Bank and Bell Atlantic (now Verizon Communications).
Mr. Brekka said, "We're pleased to be joining TeraGo's Board at this exciting point in its evolution. We are committed to optimizing shareholder value."
Mr. Charles Allen, Chairman of TeraGo's Board said, "We're delighted that Richard Brekka is rejoining our Board, along with Jim Sanger. We look forward to benefiting from their governance and technology industry experience."
About TeraGo Networks
TeraGo Networks Inc. provides businesses across Canada with carrier-grade broadband, data and voice communications services. The national network service provider owns and manages its IP network servicing 6,575 customer locations in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.
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