ATLANTA, Feb. 26, 2008 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced that it has hired Jeffrey Donahue, to head North American Sales. Prior to joining Verso, Mr. Donahue was the Senior Vice President for Sales and Operations for TelCove/Level 3 Communications. As a member of the executive management team from 2003 to 2007, he was responsible for all sales and field operations for a $400 million business and managed a staff of 800 people. Prior to that, Mr. Donahue held a variety of different positions with TelCove and Adelphia Communications, including RVP of the NE Region for TelCove and the creation and rollout of several different competitive services for Adelphia Communications, including High Speed Internet Access, Paging and Long Distance services.
"I have known Jeff for several years," said Mark Dunaway, President and Chief Operating Officer of Verso. "Jeff has very strong communications and motivational skills in addition to his background as a senior sales leader in the telecommunications business. I am pleased that we were able to bring such a seasoned and well-respected executive into Verso. Since July 2007 we have restructured Verso operationally. As we currently act on the second phase of our restructuring initiatives, providing a better financial platform for our business, executives such as Jeff will be capable of leveraging our quality customers and distributor relationships."
"I am excited to accept the position at Verso, particularly given the breadth and depth of our product offerings," said Jeff Donahue. "Verso offers a full suite of end to products that were developed from inception as IP and that are highly scalable and flexible. These superior Internet/Data/Voice equipment solutions cover applications with a broad range of potential customers, from small business through indirect distribution to the largest carrier customers. With supportive, financially focused, growth oriented management and with the market for IP based products continuing to grow at an exponential rate, our opportunity is enormous and I'm very happy to be part of this team."
About Verso Technologies
Verso is a global provider of next generation network solutions offering a core-to-edge product portfolio primarily for telecommunications service providers. The company's products enable its customers to secure and optimize network bandwidth, generate additional revenue and reduce costs. Verso's applications and services are cost effective, deploy quickly and provide a superior return on investment. For more information, contact Verso at www.verso.com or call 678.589.3500.