October 19, 2021
A popular figure in the telco and data center agent channel has joined Upstack.
Global Communication Networks (GCN) founder and CEO Chris Palermo accepted an acquisition offer from the New York-based firm. As a result, Palermo has joined Upstack as an equity stakeholder and its new president. Palermo will collaborate with Upstack CEO Christopher Trapp to expand the company’s platform. He’ll also develop Upstack’s partner investment strategy.
Upstack’s Chris Palermo
Trapp called Palermo “one of the pioneers of our industry.”
“Tapping into his expertise and network will help us accelerate the building of Upstack’s most comprehensive product and service offering yet,” Trapp said. “I am honored that he selected Upstack as his go-to-market partner and can’t wait to both work with and learn from him.”
Palermo founded GCN in 1997 after stints at Allnet, AT&T and C&W. Furthermore, the brokerage expanded to land on the Inc. 5000 and secure multiple Fortune 500 customers.
Here’s our list of channel people on the move in September.
Multiple firms approached Palermo about an acquisition, but he turned them down. Palermo said GCN would have functioned as a a “cog in the wheel.”
He said GCN can now optimize the resources and expertise in Upstack to “create optimal solutions.”
Upstack’s Christopher Trapp
“Selecting Upstack as our growth partner means that the entire GCN team would transition under the Upstack umbrella and would become a material component of its account management, delivery and customer success organization,” said Palermo.
Check out a story from our archives about Palermo’s involvement with Telecom for Change.
Read more about:Agents
About the Author(s)
You May Also Like
AWS re:Invent Partner, Vendor News: Cisco, Salesforce, MoreDec 01, 2023
People on the Move: Comcast, Cisco, NICE, TPx, Barracuda, MoreNov 29, 2023
AWS re:Invent 2023 Partner News: Marketplace, Salesforce, Certs, MoreNov 29, 2023
AWS re:Invent Expo: VMware, Snyk, HPE, More Showcase Cloud, Security, AINov 28, 2023