ZenFi Networks and Cross River Fiber have merged to create an innovative, locally-owned and operated communications infrastructure company serving the New York and New Jersey metro region. The current ZenFi Networks and Cross River management teams will continue to lead the combined company with the support of Ridgemont Equity Partners.
"While both companies have achieved great success to date, as a combined business, our geographic footprint and product capabilities are greatly expanded," says Vincenzo Clemente, CEO of Cross River Fiber. "We can now offer custom telecommunications solutions in New York, New Jersey and beyond to more wireless mobility, carrier and enterprise customers than ever before. Our teams are cut from the same cloth – we're both builders and owners of purpose-built fiber optic networks and wireless infrastructure – and together we will provide that cutting-edge network architecture of both fiber and wireless services to an even bigger customer base."
"We celebrate a new milestone as we formally merge two of the region's most highly-regarded communication infrastructure providers into one agile, innovative organization dedicated to delivering solutions to clients more efficiently," comments Ray LaChance, CEO of ZenFi Networks. "This transaction enhances our network reach, deepens our product portfolio, and delivers a premier regional communications network infrastructure that is the foundation for 5G network deployments and tomorrow's evolving network technology needs."
"I am excited about the future as we blend the considerable talents and experience of both companies," shares Vincenzo Clemente, newly appointed President and COO of ZenFi Networks. "Combined, we will draw on our decades of experience to push the boundaries of infrastructure innovation all while remaining focused on efficiently delivering and expanding purpose-built fiber optic networks and wireless solutions for our clients."
As Chief Executive Officer of ZenFi Networks, LaChance applies his leadership and proven industry expertise to build and deliver innovative communication infrastructure solutions to enterprise, carrier and wireless mobility providers in the New York and New Jersey metro markets. In this role, LaChance oversees all aspects of business operations for the company that recently merged with Cross River Fiber, and effectively leads a team of nimble, forward thinking experts to solve clients’ network challenges created by the proliferation of mobile data. In addition to his role at ZenFi, LaChance is also a founding member of Metro Network Services, LLC, a company focused on fiber optic and mobile network planning, engineering, and deployment solutions for mobile network operators, tower owners and telecommunications service providers throughout the New York metro market.
LaChance is a Network Technology industry veteran with more than 30 years of experience managing teams that design, build and operate complex, high-capacity communication networks for large enterprises, carriers and wireless mobility providers. Prior to ZenFi and Metro|NS, he served as President and CEO of Lexent Metro Connect, LLC from 2004 to its successful sale in December 2010 to Lightower Fiber Networks. LaChance was also the Co-Founder of Realtech Systems Corp., an enterprise network integration and professional services firm, where he served as President and CEO. He received a Bachelor of Science degree in Computer Science from the State University of New York at Albany.
Vincenzo 'Enzo' Clemente is President and Chief Operating Officer of ZenFi Networks, and brings more than 20 years of leadership, network design, right of way, and construction experience to the company. Prior to merging with ZenFi Networks, Clemente was President and CEO of Cross River Fiber, a network infrastructure company he founded in 2011 that built custom fiber connectivity solutions in the New York and New Jersey metro markets for enterprises, carriers and wireless mobility providers. Prior to founding Cross River Fiber, Clemente was the Director, OSP Design and Construction for Lightpath (Altice) where he was responsible for designing network solutions to meet the needs of major commercial businesses throughout the region. Before joining Lightpath, Clemente was the VP of Operations at 4Connections LLC, a NJ-based CLEC that constructed and operated an independent dark fiber network throughout the region. Clemente has designed and constructed thousands of fiber route miles and his expertise and hands-on approach focuses on implementing solutions both creatively and effectively while deploying the latest technologies. Clemente holds a degree in Telecommunications Management from DeVry University.
Victoria Lamberth co-founded ZenFi Networks in 2013 and currently serves as Chief Revenue Officer overseeing the company’s regional sales & marketing organization. Prior to ZenFi’s merger with Cross River Fiber, Lamberth served as Chief Operating Officer for the company. Victoria has 10+ years of building, managing, and selling fiber infrastructure companies in the New York metro market. She relies on her proven array of experience in the telecommunications industry to drive growth and profitability at ZenFi. In addition to Lamberth’s role at ZenFi, she is also a Founding Partner of Metro Network Services, LLC, an integration company focused on planning, engineering, deployment and maintenance solutions for companies throughout the New York metro market. She is also a Partner and Board Member at Hugh O’Kane Electric Co., a New York City telecommunications and electrical contracting firm dating back to 1946. Lamberth worked as Director of Carrier Sales and Marketing for Lexent Metro Connect until it was sold to Lightower Fiber Networks in December 2010. Lamberth holds a Bachelor of Arts degree in International Studies from Boston College, and an MBA from the Tuck School of Business at Dartmouth College.
Michael Brescio is the Chief Financial Officer for ZenFi Networks and has been responsible for the overall financial management of the company since its inception in 2013. Previously, Brescio spent 13 years with General Electric, where he oversaw a multi-billion-dollar bond portfolio for the GE Pension with a focus on the utility and energy sectors. Prior to that role, Brescio spent six years with GE Capital providing project financing and corporate loans to utility and energy businesses. He was also a member of GE’s Corporate Audit Staff and a graduate of the GE Financial Management Program (“FMP”). He holds a Bachelor of Science degree in Accounting from Boston College and an MBA from Columbia University. He is also a CPA and a GE Six Sigma Quality Black Belt
Robert Sokota is the General Counsel and Chief Administrative Officer for ZenFi Networks. From the company's inception in 2014 and until the merger with ZenFi Networks, Sokota was the General Counsel and Chief Administrative Officer for Cross River Fiber. He brings a wealth of experience from his 20-year career in the telecom industry. Sokota served as the Senior Vice President, General Counsel and Chief Administrative Officer for AboveNet and played a key role in the company's management from its emergence from bankruptcy through its sale in 2012. Prior to AboveNet, Sokota worked for Metromedia International Telecommunications, Inc. In that role, he helped found and develop telecommunications ventures in the countries of the former Soviet Union, Eastern Europe and China. Sokota worked as an associate with the firm Steptoe & Johnson in Washington, D.C.
He also worked as an Adjunct Professor at St. Thomas Aquinas College where he taught courses in data analysis, statistics and management finance. Sokota holds a Juris Doctorate degree from the University of Chicago and a Bachelor of Arts degree from George Washington University.