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Cable Technology Feature Article

August 09, 2011

Aurora Networks Appoints Acquisition Power Player Craig McCollam as Its New CFO

By Madhubanti Rudra, TMCnet Contributor

Leading optical transport solutions provider Aurora Networks, Inc., which is currently on the acquisition trail, announced the name of its new chief financial officer. In a press release, Aurora Networks announced that Craig McCollam as the company’s new CFO. He is expected to play an instrumental role in spearheading the company’s financial strategy and initiatives. Known in the industry as an acquisition power player, McCollam is also expected to assist the company in identifying growth opportunities through potential future acquisitions.

In the press release, Aurora Networks said that McCollam brings 28 years of professional financial experience to the company. He has been associated with Dionex Corporation for 18 years. For last 12 years, he remained the CEO of Dionex, a publically traded, global manufacturing company. As the chief of this company, he was successful in the sale of the company to a third-party for industry-high multiples.

Prior to Dionex, McCollam served as an assistant controller at Ensco, Inc., where his duties ranged from managing all corporate accounting, financial analysis, and strategic planning functions. Earlier he was associated with Ernst & Young, one of the largest professional services firms in the world.

McCollam holds a B.S. in Accounting from University of Northern Iowa. His expertise spans over diverse fields including financial and strategic planning, corporate tax, risk management, treasury, cost accounting, human resources, information technology, investor relations and legal affairs.

In the release, Aurora Networks claimed that with achieving its 21st consecutive quarter of profitability, the company is strongly on a strong path of success. The company is committed to providing evolutionary solutions for cable operators and recently released its latest technology. Called, the Universal Digital Return, this groundbreaking technology has been designed to provide cable operators with the opportunity to double their return path capacity using the recently reclaimed broadcast television spectrum.

“Craig McCollam is a talented and versatile leader who is known for motivating people at all levels, enabling them to excel and achieve desired results. Our company is active on the acquisition trail, and McCollam is a power player who will help drive our future direction as we continue with our evolutionary process of equipping cable operators with the most effective, future-proof solutions,” chairman, president and CEO of Aurora Networks said in a statement.

A couple of months back, TMCnet reported that Aurora Networks signed a memorandum of understanding for technical cooperation with Radio, Film and Television Design and Research Institute (DRFT) of China. Under the agreement, both Aurora and DRFT was to jointly develop a laboratory which will enable both parties to leverage each other’s expertise and resources.

Madhubanti Rudra is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves