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Industry Expert Appointed to Magna5 Board of Directors

CONTACT: Amanda Wheeler | Magna5 | 518-268-1787 | [email protected]

Michael Cromwell brings executive leadership, sales and marketing, digital transformation and product experience to national managed IT services provider

Plano, TX (May 1, 2019) –  Magna5, a NewSpring Holdings company and national provider of cloud, managed IT and telecommunication services, today announced the appointment of Michael Cromwell to its Board of Directors. Cromwell is a leading expert with a successful track-record of building effective go-to-market strategies to drive growth for telecommunications and managed IT services organizations.

Currently, Cromwell is CEO of EagleTEQ Solutions based in McKinney, Texas, which focuses on architecting plans that enable emerging technology providers and distributors to grow revenue, expand distribution channels and transform market position.  From 2013 – 2016, Cromwell served as Chief Sales and Marketing Officer for ANPI, a carrier solutions and UCaaS provider. During his tenure at ANPI (acquired by Inteliquent), Cromwell led the sales, marketing, engineering and support organizations, and launched the company’s award winning UCaaS business unit in 2014.

Prior to joining ANPI, Cromwell served as SVP of Sales and Marketing at XO Communications (acquired by Verizon) where he led the global sales function with over 500 employees for the $1.5 billion organization.  Cromwell has also held executive and sales leadership roles with Global Crossing and Frontier Communications.

“Mike Cromwell is a driving force in digital transformation and indirect sales distribution,” said Magna5 Chairman and CEO, Rick Lottie. “His high energy and expertise in sales, marketing and the indirect channel will augment the talent that we currently have on our Board of Directors. We are excited to welcome Mike and look forward to the thought leadership and industry knowledge he will provide to Magna5.”

“It is a privilege to join the Magna5 Board of Directors,” said Cromwell. “As the digital transformation changes the shape of managed services and voice solutions, Magna5 has an opportunity to gain market share with their portfolio of services.  Mid-market and enterprise businesses are embracing the cloud and need a trusted partner like Magna5 to provide value, service excellence and a top-notch customer experience.”

Magna5 is a cloud and managed IT services provider that supports mid-market and large enterprise organizations. The company’s expansive portfolio includes business continuity, managed security services, business voice and data services, hybrid network services, in addition to unified communications (UCaaS), infrastructure (IaaS) and software (SaaS) delivered from the cloud. Leveraging its national footprint, Magna5 stands alone as the partner organizations across the country count on for enterprise IT and communications, cybersecurity, cloud and managed IT services.


Magna5, a NewSpring Holdings portfolio company, delivers managed IT, voice and connectivity solutions to more than 7,500 mid-market and enterprise customers nationwide, including leaders within the education, healthcare, government, financial services and beyond. Magna5 offers voice and data services, as well as a host of “above the net” cloud services and operates a proprietary, secure network designed to leverage diversified carriers and infrastructure in targeted points-of-presence (PoPs) throughout the United States, a key strategy for network reliability. Within the managed services offerings, Magna5 provides security services, data backup, recovery management, hosting services, and IT Consulting from their 24/7/365 fully staffed Operations Center.  Headquartered in Plano, TX, Magna5 operates office and network facilities across the country, including Albany, NY; Los Angeles; New York City; Pittsburgh; Portland, OR; San Antonio; Seattle, and Troy, NY.  Magna5 is NewSpring Holdings’ voice, data, infrastructure and managed services platform.

For more information, visit www.magna5global.com.


NewSpring Holdings, the dedicated holding company within NewSpring with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999 NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt.  Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.