VPI Hires CFO

HOLMDEL, N.J. -- VPIsystems, a leading provider of communications planning and engineering software solutions, today announced that Tito Sharma has been appointed to Chief Financial Officer and General Manager – Americas.

Sharma brings 15 years of experience in finance and operations for communications and OSS businesses to VPI. Over the last few years, Sharma raised more than $100M in venture capital for startups including Lemur, Aplion and Coreon. Throughout the 1990’s he worked in key strategic and financial positions at AT&T here in the U.S., Hong Kong and India. Sharma led the teams that acquired and merged a number of Central and South American carriers to form AT&T Latin America. He was also instrumental in AT&T’s $500M Indian investment round to acquire regional cellular licenses in Bombay and Gujarat.

“I am very excited to have Tito Sharma join VPI as our new CFO and GM for the Americas,” said John Holobinko, CEO of VPI. “Tito is an accomplished financial executive with hands-on experience managing international organizations and micro-national outsourcing facilities. His extensive OSS operational experience perfectly complements VPI’s network lifecycle management offering, which optimizes network utilization to defer and reduce capital expenditures while streamlining productivity.”

Tito Sharma commented, “Carriers all over the world are looking for innovative software applications that can help them to use their available capacity before they invest in new builds. VPI’s network lifecycle management solution will address a one billion dollar market opportunity by meeting this need. I’m pleased to use my telecommunications software experience to prepare VPI for the next, very important growth phase.”

VPIsystems Inc.