Voxel Gets New Funding, New CEO
January 18th, 2011 By: Rich Miller
Managed hosting provider Voxel said today that it has raised its first capital from outside investors and has appointed industry veteran Raul Martynek as Chief Executive Officer and a member of the board of directors. Raj Dutt, Voxel’s founder and CEO since 1999, will transition into a new role as the company’s first Chief Technology Officer.
DH Capital, an investment banking firm focusing on the Internet infrastructure sector, helped Voxel in raising an undisclosed amount of capital and recruiting Martynek. “Raul is the perfect fit for a fast-growing private hosting and cloud services company such as Voxel,” said Peter Hopper, CEO and co-founder at DH Capital. “His addition to the operating team at Voxel will add tremendous momentum to the Company while enabling it to attract the investment necessary to meet the market demand for Voxel’s services.”
Martynek has been serving as a senior advisor to Plainfield Asset Management, a $4 billion hedge fund focused on the telecommunications and infrastructure sectors and as the Chief Restructuring Officer of Smart Telecom, a Dublin, Ireland-based fiber competitive local exchange carrier. He previously served in leadership positions at Eureka Networks, a telecom company focused on managed services.
“Raul possesses exactly the right combination of experience and energy to take the helm at Voxel,” said Dutt. “As the entrepreneurs and technologists who’ve organically built this company from the ground up, the whole team is excited to be working with Raul, and to have completed our first outside capital round.”
“As one of the true leaders in next-generation hosting services, Voxel has all the ingredients necessary to add substantial value in the marketplace,” said Martynek. “I look forward to working with the Voxel team to build upon the strong foundation they have created.”
Voxel is based in New York and offers hosting services atop VoxSTRUCTURE, its open automation platform. Its services include on-demand physical and virtual cloud servers, the VoxCAST Global Content Delivery Network (CDN), and a full suite of Managed Services for complex hosting deployments.