Dan Caruso Founder and CEO, Zayo Group, Founding Executive, Level 3 Communications Twitter LinkedIn  

Dan Caruso

Founder and CEO, Zayo Group, Founding Executive, Level 3 Communications

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Dan Caruso is Chairman and CEO of Zayo Group, where he oversees Onvoy Voice Services, Zayo Enterprise Networks, and Zayo Professional Services. Dan, as an angel investor, helped found Envysion, where he served as Chairman from 2006 to 2013. Dan is a former Board Member of GTS Central Europe and director of New Global Telecom.  Dan was one of the founding executives of Level 3 Communications and a former President and CEO of ICG Communications. Dan has an MBA from the University of Chicago and a BS in Mechanical Engineering from University of Illinois.

Zayo Group was formed in 2006 to exploit the rapidly increasing demand for bandwidth. Zayo’s strategy was to acquire telecom companies that were formed during the late 1990s telecom boom and survived the telecom meltdown of the early 2000s. Twenty fiber orphans were acquired, enabling Zayo to provide bandwidth to wireless carriers, Internet companies, and other big consumers of bandwidth over a 75,000 route mile network in the U.S. and Europe. Zayo generates about $1B in revenue, $600M in EBITDA, and has an enterprise value of approximately $6B. Zayo has sixteen private equity sponsors and has raised over $700M of equity and $3B in public debt.

Envysion was formed in 2005 to provide Managed Video as a Service. Envysion offers a SaaS solution to replace traditional video surveillance. Customers such as Chipotle and Big Lots use Envysion’s solution to improve profitability and customer experience. Envysion’s revenue run rate is approaching $10M and its growth rate is 50% per year.

Dan was awarded the Bob Newman Lifetime Achievement Award at the Colorado Technology Association’s 2013 APEX Awards. Ernst & Young named Dan on of the three national finalists for the Entrepreneur of the Year 2011 Media, Entertainment, and Communications Award. The Denver Post named him one of the Eleven Colorado Business People to Watch in 2011.  The Boulder Chamber of Commerce honored him with the 2010 Esprit Award. In 2009, Dan was named Communications Executive of the Year in Colorado. Also in 2009, Ernst & Young honored him as the Entrepreneur of the Year in Rocky Mountain Region Emerging Company category.

Dan is an active supporter of the University of Colorado – Boulder. He co-teaches Entrepreneurship and the Private Equity Process in the Leeds MBA Program. He is on the Entrepreneurship Initiative Advisory Board of Silicon Flatirons, a center for law, technology, and entrepreneurship at the University of Colorado, as well as board member of StartUp Colorado. He is actively involved in the College of Engineering and Applied Sciences as a frequent guest lecturer and supporter of the Engineering Management and Entrepreneurship program