Hostway Names New Executive VP and CFO

(Ping! Zine) — Hostway Corporation announced today that Mark D. Adolph has joined the company as executive vice president and chief financial officer. Adolph will lead financial functions and run mergers and acquisitions for Hostway.

“I am excited about joining the Hostway team,” said Adolph. “It’s a stable company poised for growth with its recent $110 million in debt and equity financing and the backing of the private equity firm Veronis Suhler Stevenson, along with Fortress Capital, Regiment Capital and Phoenix Life.”

Adolph previously served as senior vice president and chief financial officer of WildBlue Communications, a Liberty Media satellite Internet service provider partnered with the National Rural Telecommunications Cooperative, Intelsat, DirecTV and EchoStar. Prior to that, Adolph worked with Cook Inlet Communications and Telecom Partners, rapidly scaling the companies operationally, establishing strategic partnerships, raising public and private capital and overseeing merger and acquisition activities in the data center and wireless and communication industry segments.

“Mark makes an excellent addition to the Hostway senior executive team,” said Lucas Roh, CEO and co-founder of Hostway Corporation. “We have the people, infrastructure and intellectual property for growth, and Mark can help us build on these assets while driving operating metrics that accelerate growth and profitability.”

Hostway’s service offerings range from Web hosting for small- to medium-sized businesses to managed and dedicated server hosting for large enterprises. Hostway has garnered industrywide recognition and praise for ServicePlex, an online service delivery portal developed internally to enable a seamless customer experience. In 2009, the company launched its cloud hosting offering, FlexCloudTM, which enables customers to access a multimillion dollar hosting infrastructure that scales up and down based on business needs for as low as $15 per month.

Hostway has also partnered with telecom companies, cable operators and large retailers to deliver fully private-labeled online services to their customers.