WINTER PARK, Fla., Sept. 12, 2013 (GLOBE NEWSWIRE) -- Highwinds® today announced that it has appointed Chris Petrovic to its board of directors. Petrovic is a digital media and gaming industry veteran with 15 years of executive-level and entrepreneurial experience. Petrovic started his career running early-stage, venture-backed Internet companies. From there he spent time in venture capital before holding senior-level digital positions at GameStop, Playboy Enterprises and American Greetings Interactive. During his tenure at GameStop overseeing the company's digital strategy, digital revenues grew from $100 million to greater than $600 million in three years. Since leaving GameStop, Petrovic has been advising a number of early and growth-stage technology and digital media companies.
This appointment follows closely on the heels of Highwinds' latest financing transaction, in which it secured $205 million in new debt financing from Cerberus Business Finance, LLC and Goldman Sachs BDC, Inc., an investment fund managed by Goldman Sachs Asset Management, L.P., and follow-on investment from General Catalyst Partners. The transaction enabled recapitalization of the company and set the stage for meteoric growth of Highwinds CDN and its content delivery and cloud services portfolio. Highwinds is trusted by leading gaming, advertising, software, and media and entertainment companies for the delivery of digital assets to millions of global users every day.
"We're finding ourselves at an exciting stage in our growth trajectory. We just secured a significant amount of new capital that's allowing us to focus on strategic initiatives and explore various paths to growth," said Steve Miller, founder and CEO of Highwinds. "As such, it's an opportune time for us to round out our advisory team with Chris' appointment to our board of directors. He joins our long-established group, which consists of many of the industry's brightest minds, and brings to Highwinds valuable insight, strategic relationships and fresh perspective."
"I'm honored to have the opportunity to work with Steve, my fellow board members, our investors and the rest of the Highwinds management team to accelerate its market leadership position," said Petrovic. "There's no doubt that Highwinds has the passion, the expertise and the financial means to keep making waves in this industry, and I'm excited to be a part of it."
Learn more about Highwinds at www.highwinds.com.
CONTACT: Deborah E. Hamilton 303.682.9439 firstname.lastname@example.org
Source:Highwinds Network Group