CARY, N.C., Jan. 8 /PRNewswire/ -- Bandwidth.com, a complete business communications provider to small and medium businesses, today announced that Matthew Petzold will be joining the company as Chief Financial Officer. Petzold served most recently as the CFO of Motricity, where he was instrumental in the largest private equity funding in North Carolina history.

An industry veteran with a background of more than 20 years of telecommunications and technology experience, Petzold brings extensive experience in fundraising, mergers and acquisitions and operations. Before Motricity, he was CFO of UUNET, then the largest worldwide Internet Service Provider, during its growth from $20 million to $4 billion in annual sales and employee growth from 150 to 10,000. Petzold started his career as an audit manager at Arthur Andersen.

A profitable business with over 130 employees, Bandwidth.com is experiencing rapid market share growth. Providing services in all 50 states, the company offers advanced VoIP, Internet Services and Managed Network Services to small and medium businesses.

"I couldn't be more excited to be joining Bandwidth.com at this time of high growth and increased service offerings. I look forward to adding my experience and expertise and becoming a key part in achieving increased revenue and profitability," said Petzold.

"Matt's arrival is a much anticipated time at Bandwidth.com. We're excited about his experience at the financial helm of companies that were and are true leaders in their industry. His history of overseeing extensive growth and fundraising will be instrumental in advancing Bandwidth.com," said Henry Kaestner, CEO.

"Matt's experience is unparalleled," said David Morken, Chairman and President. "He knows telecom, he knows high growth, he knows how to execute, and he knows how to inspire those that work with and for him. He is exactly the CFO we're looking for as we take our business to true leadership in the business telecom industry."

About Bandwidth.com

Founded in 1999, Bandwidth.com offers advanced voice over Internet (VoIP), Internet services, and managed network services to small and medium businesses nationwide. As a single source provider for business telecom needs, Bandwidth.com provides its customers with unparalleled selection, savings and service. The company's unique methodology, experienced team and dedicated customer service, ensures accountability and service superior to that of traditional Internet and VoIP providers.

For questions, contact Scott Bornkessel, Director of Marketing, 919-439-2610 or marketing@bandwidth.com

CONTACT: Scott Bornkessel, Director of Marketing of Bandwidth.com,
+1-919-439-2610, marketing@bandwidth.com

Web site: http://www.bandwidth.com/