OCTOBER 12, 2010 -- Aurora Networks Inc., an optical transport system provider, named Scott Weinstein as its vice president of new business development.
Weinstein, who has more than 15 years of investment banking and mergers-and-acquisitions experience, will help the company identify organic and inorganic growth opportunities, including potential acquisitions.
Aurora Networks has achieved its 18th consecutive quarter of profitability. The company is intent on providing cable operators in North America, Latin America, Europe, and Asia with technology tools that future-proof their networks
for the delivery of residential and commercial services, enhancing their competitiveness.
"As we continue to support cable operators with their network evolution, we are in a prime position to evolve our business as well. Scott will be instrumental in finding ways we can grow our company to ensure we meet the current and future needs of our cable operator customers," says Guy Sucharczuk, chairman, president, and CEO of Aurora Networks.
Before joining Aurora Networks, Weinstein was a managing director in the Technology, Media, and Telecommunications Group at Piper Jaffray & Co. Before Piper Jaffray, Weinstein worked at Thomas Weisel Partners and Wessels, Arnold & Henderson. During his 15 years in the financial banking and mergers-and-acquisitions sector, Weinstein was involved in close to 100 corporate transactions and financing deals valued in excess of $15 billion.