CoCo Communications Announces New Leadership and Funding
Seattle-Based Technology Innovator is Positioned for Growth to a Large-Scale Enterprise
SEATTLE--(BUSINESS WIRE)--CoCo Communications has appointed a new CEO and CFO, elected a new board of directors, and has taken a capital infusion from its existing investor base to better serve its current and future customers. These activities all will help CoCo transition from developing advanced communications technology to providing its unique products and services to defense, homeland security, and other markets.
“CoCo’s customers have convinced me that we have the right technology and the right people to continue to meet a wide variety of advanced communications needs for a long time to come”
John E. DeFeo has taken the helm as CoCo’s new CEO and President. Mr. DeFeo was formerly CEO/President of U.S. West New Vector Group (doing business as U.S. West Cellular), where he took the company public and eventually sold it to Airtouch Cellular for $9 billion. Mr. DeFeo has over 25 years of experience building wireless and telecommunication companies. Supporting Mr. DeFeo as CFO is John Stachowiak, a financial management veteran with over 20 years of experience in telecommunications and venture capital. Mr. Stachowiak also served as CFO of U.S. West New Vector Group.
“CoCo’s customers have convinced me that we have the right technology and the right people to continue to meet a wide variety of advanced communications needs for a long time to come,” said Mr. DeFeo. “I am looking forward to growing CoCo into a name that is closely associated with innovative and scalable next-generation networks.”
CoCo’s shareholders also have elected a new three-member board of directors that includes Scott Wilson, founder and partner at Swiftsure Capital, Robert Felton, former senior partner of McKinsey and Company, and Mr. DeFeo. Both Mr. Felton and Mr. Wilson have successful experience scaling companies into large operations. Swiftsure Capital has been a leading provider of investment capital to CoCo and assisted in the recruiting of the company’s new leadership. “We are very excited about CoCo’s future and are confident that this additional investment will accelerate CoCo on its growth trajectory,” said Mr. Wilson.
Jeremy Bruestle, a co-founder of CoCo, will continue to lead technology innovation. Mark Tucker, co-founder, former CEO, and board member of CoCo, has left the company to pursue new opportunities.
CoCo was founded in 2002 in response to well-documented communication failures by emergency service agencies in situations such as those experienced during 9/11 and Hurricane Katrina. CoCo’s unique technology facilitates completely distributed, secure, wired and wireless interoperable network communications. CoCo provides secure communication systems to public safety agencies, the U.S. Coast Guard, U.S. Department of Homeland Security, major urban areas, hospitals, counties, and schools districts. The company has numerous patents pending on its technology platform and network protocol.
For more information, please visit www.cococorp.com.