Digerati Technologies Appoints New Chairman and CEO with a Renewed Focus on Recurring Revenue Growth and Accretive Acquisition Strategy
MWN-AI** Summary
Digerati Technologies, Inc., through its subsidiary WaivCloud, Inc., has announced the appointment of Robert DelVecchio as the new Chairman and Chief Executive Officer. This strategic move aims to sharpen the company's focus on enhancing recurring revenue and pursuing an accretive acquisition strategy. DelVecchio, who brings over 30 years of experience in capital markets and business operations, expressed enthusiasm for leading Digerati into a new era of growth. He emphasized the potential of WaivCloud's established co-location data center services, which operate on both the East and West Coasts and boast long-standing client relationships.
Under DelVecchio's leadership, Digerati aims to expand its portfolio through a pipeline of potential acquisitions that align with its existing business model. The company seeks to not only grow its revenue streams but also to enhance operational capabilities through strategic partnerships and acquisitions. DelVecchio acknowledged the contributions of outgoing Board members Craig Clement and Max Polinsky, highlighting a commitment to increased communication and operational visibility in the company's ongoing operations.
Before joining Digerati, DelVecchio successfully led Assured Pharmacy, Inc., where he grew annual revenues to $20 million before steering the company toward a profitable sale to a private equity firm. His diverse experience across various industries will be instrumental as Digerati sets its sights on capturing opportunities in the rapidly evolving data center market.
In summary, Digerati Technologies is poised to embark on a transformative journey under new leadership, with an emphasis on recurring revenue and strategic acquisitions. Investors and stakeholders can anticipate a more robust business model as DelVecchio implements his vision for sustained growth and innovation within the company. For more information, visit https://digerati-inc.com and https://waivcloud.com.
MWN-AI** Analysis
Digerati Technologies' recent appointment of Robert DelVecchio as Chairman and CEO represents a significant strategic shift for the company, emphasizing recurring revenue growth and an active acquisition strategy. This evolution aligns with market trends favoring companies with predictable revenue streams, particularly in the tech and data services sectors.
DelVecchio's extensive experience, particularly his track record in capital markets and business operations, is likely to enhance investor confidence. His previous role in leading Assured Pharmacy to substantial revenue and a successful exit indicates a robust ability to scale businesses effectively. Such leadership is critical as Digerati positions itself to capitalize on its co-location data center services, which benefit from the increasing demand for cloud-based solutions and data security.
The upcoming focus on recurring revenue will likely stabilize the company's earnings and provide a solid foundation for future growth. The strategy to pursue accretive acquisitions is also noteworthy, as this can accelerate growth and expand Digerati's service offerings. Investors should closely monitor the company’s acquisition pipeline, as successful integrations will be key in bolstering market share and profitability.
Investors may want to consider Digerati Technologies (OTCID: DTGI) for their portfolios, as the new focus could lead to a marked increase in stock performance, particularly if the company achieves its revenue targets and successfully executes its acquisition strategy. However, potential investors should also be aware of the inherent risks, particularly regarding the integration of acquired companies and the fluctuating demand in the technology sector.
In summary, Digerati is poised for potential growth under new leadership, and its strategies align with broader market shifts. Continued vigilance on operational execution and acquisition success will be essential for gauging the company's trajectory.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Brings Capital Markets and Business Operations Expertise
Port Jefferson, NY, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc., (“Digerati,” the “Company,” “we,” “our” or “us”) (OTCID: DTGI ) , through its WaivCloud, Inc. subsidiary, a co-location data center service provider, today announced the appointment of Mr. Robert DelVecchio as its Chairman and Chief Executive Officer, bringing more than 30 years of capital markets and business experience.
Robert DelVecchio, Chairman and CEO of Digerati Technologies, commented, “I am very excited for this opportunity to lead Digerati into its next stage as we seek to expand our recurring revenue. WaivCloud’s co-location data center business is a solid platform to build upon with its east and west coast operations and long-standing clients. Our team has a robust pipeline of potential acquisitions that are currently under review, as we seek to add accretive and complementary businesses. I would like to thank Craig Clement and Max Polinsky for their time serving on the Board of Directors, as both have recently resigned. We look forward to increasing our communication and visibility as we advance our business.”
Previously, Mr. DelVecchio was Chief Executive Officer and a director of Assured Pharmacy, Inc. since February 2005, and guided Assured Pharmacy to $20 million in annual revenue and ultimately a successful sale of the business to a private equity firm. In addition to leading the organization, Mr. DelVecchio’s responsibilities also included sales, investor relations, business development and capital raising. Prior to 2005, Mr. DelVecchio had various roles across several industries utilizing his relationships and expertise in business operations and capital raising. Mr. DelVecchio’s broad experience in capital markets, experience in leading businesses, led to the Company’s conclusion he should serve as Chairman and CEO of Digerati.
About Digerati Technologies, Inc. (OTCID: DTGI)
Digerati Technologies, Inc. is a holding company and through its subsidiary, WaivCloud, Inc., the Company provides co-location, and related technology infrastructure solutions to business customers across the United States. Waiv Cloud is a colocation services provider driven by a passion for exceptional customer service. Our mission is to deliver secure, reliable, and scalable data center solutions to reduce downtime and streamline operations for our clients. We pride ourselves on building lasting relationships through personalized support, responsiveness, and a deep understanding of each client's unique needs. With innovation at our core and people at the heart of everything we do, we're redefining what it means to be a data center partner in a fast-moving digital world.
For more information, please visit: https://digerati-inc.com and https://waivcloud.com .
Forward-Looking Statements:
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts:
Robert Delvecchio
p949-302-0934
rdelvecchio@digerati-inc.com
FAQ**
How do you plan to leverage your capital markets expertise to drive growth for Digerati Technologies Inc DTGI in the co-location data center sector?
Can you elaborate on the strategies Digerati Technologies Inc DTGI will implement to enhance its recurring revenue and build client relationships in the coming year?
What types of acquisitions is Digerati Technologies Inc DTGI pursuing to complement its existing business, and how might these acquisitions enhance your service offerings?
What are the key challenges you foresee for Digerati Technologies Inc DTGI as you expand operations on the east and west coasts, and how do you plan to address them?
**MWN-AI FAQ is based on asking OpenAI questions about Digerati Technologies Inc (OTC: DTGI).
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