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One Source Networks Appoints Jim Tipton Chief Financial Officer

AUSTIN, TX -- (Marketwire) -- 01/28/13 -- One Source Networks (OSN), the managed voice, data and cloud services provider and network partner of choice for large enterprises, announced today that Jim Tipton has joined the company as Chief Financial Officer, effective January 10, 2013.

Tipton brings over 23 years of experience in executive roles across finance, accounting, and management, with achievements that have included creating positive cash flow, raising capital, hiring and developing high-performing teams, defining reporting programs, and M&A advisement and integration.

"Jim's ability to drive change and optimize the financial health of companies, especially enabling them to grow in the face of significant challenges, speaks highly of the breadth and depth of his expertise," commented Ernest Cunningham, CEO, One Source Networks. "We look forward to working with him to leverage this experience as well as his knowledge of M&A to continue to build on OSN's success in the market, as we work to seamlessly integrate the assets of recently acquired OuterNet."

Prior to One Source Networks, Tipton was Controller for Xtreme Power, Inc., an energy storage solution provider, where he where he helped the company achieve a #15 ranking on the 2011 Inc. 500 list, with 8,423% growth in revenue. Before his tenure at Xtreme, Tipton served as Managing Director of Finance at nGenera Corporation (now Moxie Software), leading the acquisition and integration of six software and services companies representing $100 million in annual revenue within the company's first 12 months of Series A funding. Tipton was also Chief Financial Officer and Senior Vice President at OnFiber Communications where he was a key member of the executive team that managed day-to-day operations and the strategic direction of the company, as well the sale of OnFiber to Qwest (now CenturyLink) for $134 million.

"I am thrilled to be joining the One Source Networks family," said Jim Tipton. "The growth the company has experienced, from a financial, talent and product perspective over the past few years is astounding. I look forward to collaborating closely with the senior-level team at OSN to capitalize on our unique strengths and capabilities, and ensure that we accelerate along this upward trajectory."

Tipton began his career at Price Waterhouse, LLP (now PricewaterhouseCoopers, LLP), where he was Audit Manager of the Technology Practice Group. Other roles and responsibilities he has held include Controller for ConnectSouth Communications, Inc. and Corporate Controller for DuPont Photomasks (now Toppan Photomasks), where he was a key participant in the $70 million IPO process and led the $80 million follow-on S-3 offering plus 144 private placement offering activities.

About One Source Networks
One Source Networks is a leading provider of innovative, purpose-built communications solutions for the Fortune 1000. Delivering ubiquitous access to cloud-based voice, video, security and computing applications, the company offers customizable, cost-effective, and scalable solutions delivered on its own fully redundant global network infrastructure with interconnection to over 200 best of breed global suppliers. The OSN difference is simplicity, cost reduction and customer service focus that delivers all solutions under one contract, one team and one invoice. One Source Networks is a two-time winner of the Inc. 500 award which highlights America's fastest-growing private companies. For more information about One Source Networks, visit www.onesourcenetworks.com.

Media contact
One Source Networks
512-721-2897
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www.onesourcenetworks.com

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