RagingWire Names George Macricostas as Executive Chairman

December 21, 2011

RagingWire Data Centers, the nation's premier data center provider, announced today that company founder George Macricostas has been appointed as executive chairman of the board of directors. In this role, George Macricostas will be responsible for RagingWire's overall strategic direction and will provide visionary leadership and financial oversight.

George Macricostas has served in a variety of roles at RagingWire since co-founding the company in 2000 with Yatish Mishra, including chief executive officer and executive vice chairman. George Macricostas is widely credited for staying the course on RagingWire's business model during the dotcom collapse. His foresight resulted in RagingWire's continued expansion and its current position as the world's most advanced data center provider.

RagingWire's board of directors unanimously approved George Macricostas' appointment to this position based on his industry experience and his commitment to the company. "George has provided visionary leadership and strong fiscal oversight since RagingWire's first day of operations," said Deno Macricostas, outgoing chairman of RagingWire's board of directors. "George's vast knowledge of RagingWire's operations makes him the natural successor to the chairman's seat." Deno Macricostas will continue to serve on RagingWire's board of directors in the role of vice chairman.

RagingWire is in a period of rapid expansion in both California and Virginia and has expanded its offerings to include both retail and wholesale data center services. "I'm excited about RagingWire's trajectory into the top ranks of national data center providers," said George Macricostas, executive chairman of RagingWire. "Our next steps will reinforce our policy of aggressive growth tempered with fiscal responsibility, all while providing the industry's best service to our customers."

Previously, George Macricostas was a senior vice president at Photronics, Inc., (NASDAQ: PLAB), a leading global supplier of photomasks to the semiconductor industry. He was responsible for all aspects of the company's IT infrastructure and remains an active member of its board of directors.

George Macricostas is a member of the board of directors of the Jane Goodall Institute and was a finalist in the 2007 and 2009 Ernst and Young Entrepreneur of the Year program.

About RagingWire

RagingWire Data Centers provides highly customized and flexible collocation solutions to meet the needs of high-density, data-intensive enterprise companies. RagingWire operates N+2 redundant, highly secure Enterprise Data Center campuses in California and Northern Virginia engineered to provide 100% availability and highly scalable power and cooling in conjunction with managed IT solutions for companies with mission critical IT systems. Outsourcing to RagingWire's carrier-neutral data centers enables clients to reduce operating costs, be more efficient, and improve time to market. More information is available at www.ragingwire.com.