Dave Keil Named CEO of Integrated Broadband Services, LLC

February 04, 2008

Rob Buckfelder Continues as Chairman of the Board

Integrated Broadband Services, LLC (IBBS) announced today that Dave Keil was appointed the company's Chief Executive Officer.   Keil succeeds co-founder and former CEO Rob Buckfelder, who will continue serving as Chairman of the Board.  During the last six years, Buckfelder led IBBS from start-up to market leader in the broadband services industry.  In February of 2007, he structured a strategic relationship with Wachovia Capital Partners, the company’s majority shareholder, designed to provide IBBS with growth capital in order to leverage its technical core competencies while pursuing new market opportunities.

“We again congratulate Rob on his great success in building IBBS to this point and we look forward to working with him as we grow the business,” said Watts Hamrick, Managing Partner at Wachovia Capital Partners. “We also are pleased to welcome Dave Keil, with whom our firm has previously partnered, to our team.  We are convinced that Dave’s background, experience, and management style will enable him to quickly have a positive impact on the company’s future.”

Keil brings over 20 years of executive management experience to IBBS and has an extensive background in leading rapidly growing software and services firms.

“I joined IBBS in November because I was convinced that the company was providing world class software products and services to a very large and growing broadband market and has significant growth opportunities ahead,” Keil said.  “My early experience with our employees, customers and partners has exceeded my expectations.  Our value proposition, ROI metrics, and overall customer satisfaction levels are leading the industry, and I am thrilled to be a part of IBBS.”

“We are committed to the growth of our business and to the ongoing success of our customers,” Buckfelder said.  “We looked for a software executive that shared our values and were very fortunate to find Dave.  We are confident that he will provide the strategic leadership that drives our future growth, while maintaining IBBS’s operational focus so that our products and services continue to exceed the expectations of our customers.”

Prior to joining IBBS, Keil was Senior Vice President and General Manager for ChoicePoint, Inc., (NYSE: CPS) a $1 billion global data, software and services provider.  He has also held various executive positions at Novient, Robinson Humphrey, D&B Software, and Bain and Company.  Keil earned a BS from Brown University and an MBA from the Wharton Business School.

IBBS

Intergrated Broadband Services (IBBS) provides fully-integrated data, voice and support services to simplify the delivery of communications for cable providers and their residential and commercial customers. IBBS operates at the intersection of technology and people. The company’s technology and approach to service provide an unmatched customer experience and measureable ROI for the companies it serves. Cable operators leverage IBBS’ award-winning proprietary BBX operational support system to launch services and seize marketplace opportunities while relying on the company’s Tier I NOC, engineering team, and world-class call center to drive profitability and delight customers. For its fresh thinking and market vision, IBBS was named a Top 50 American Telecommunications Firm by Inc. Magazine in 2008 and one of Georgia’s ‘Fast 40’ Growing Companies in 2010. Learn more about IBBS and its service portfolio at www.IBBS.com.

Wachovia Capital Partners

Wachovia Capital Partners (WCP) is the private equity investing arm of Wachovia Corporation, the fourth largest bank holding company in the U.S. Since the group’s inception in 1988, WCP has invested in excess of $3.5 billion of private equity capital on behalf of Wachovia. WCP’s current investment portfolio is comprised of 43 companies representing roughly $1.4 billion in invested capital. WCP is currently investing out of WCP II, L.P., a $1.8 billion fund. Companies the firm has backed include: Inflow, Inc., Affinity, NuVox Communications, Triton PCS, and MetroPCS.