Thursday, March 16, 2006

SunRocket Names Former AOL Broadband Exec as New CEO

SunRocket, a VoIP service provider, announced today that Lisa Hook has been appointed President and Chief Executive Officer.

Hook most recently was President of AOL Broadband, Premium and Developer Services, where she grew the AOL Broadband service from 300,000 subscribers to over five million subscribers in less than two years. She also created AOL's Premium Services business in early 2003, which grew to over two million subscribers by year-end 2004. Earlier, Hook launched AOL's wireless and voice services businesses.

Prior to joining AOL in 2000, Hook was a partner at Brera Capital Partners LLC, a private equity firm focused on media and telecommunications.

SunRocket said it now has more than 80,000 subscribers and is the second fastest-growing residential Internet phone company in the U.S.

  • In September 2005, SunRocket, a provider of consumer Internet phone service, secured $25 million in its second round of institutional financing. Mayfield Fund led the round, joined by DCM - Doll Capital Management and existing investors BlueRun Ventures and Anthem Capital Management. To date, SunRocket has raised $34 million in venture financing.

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