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ACBB-BITS, LLC Announces New CEO, Mr. Jerald Murphy

NEWARK, N.J., Jan. 7, 2014 /PRNewswire/ -- ACBB-BITS, LLC, a subsidiary of Atlantic Community Bankers Bank, announced today the appointment of Chief Executive Officer, Jerald Murphy, effective immediately. Jerry brings over twenty years of experience in the IT industry. Jerry came to BITS from Cognizant Technology Solutions Corporation, a Fortune 500 company providing IT services. While there, he led Cognizant's Infrastructure Consulting globally, helping large companies with critical infrastructure challenges, such as: large-scale data center design; public, private, and hybrid cloud design; Windows 7 and 8 upgrades; enterprise systems management design; and network and security consulting.

Prior to that, Jerry was the head of Infrastructure, Networking, and Security research globally for META Group, a leading global IT advisory services company, where he created new services and markets for virtualization and cloud computing.  Jerry has been in various technical, sales & marketing, senior management and industry analyst positions over a 20-year span in the computer industry. 

Jerry is a well-known industry thought leader in enterprise IT infrastructure design, security and management. He has spoken at numerous industry conferences and events, most recently serving as Conference Chair for the Data Center Insights Conference in 2013. He has previously been Program Chair of Blade Systems Insight and the OpenView Forum. Jerry's background also includes electrical engineering and computer science research, with a BSEE from the United States Military Academy and a Master's Degree in Electrical Engineering from Princeton University. He taught Electrical Engineering and Computer Science at West Point, and conducted electrical engineering research at the Army Research Labs, with published research on integrated circuit design for neural networking computing algorithms.

He says about joining BITS, "I'm very excited to join a company with hardworking people, an excellent group dynamic and stellar products and services. I look forward to working with them and the leaders in the community banking industry to provide them with compelling infrastructure services to make their banks more competitive in tomorrow's marketplace."

"Jerry brings significant IT and network experience along with leadership and growth potential. We are highly confident that Jerry will help expand our product offering and the geographic footprint of our clientele," said Jon Evans, CEO of Atlantic Community Bankers Bank.

Jerry's appointment comes after the departure of Senior Operating Advisor, Charles Cleary.

About ACBB-BITS: ACBB-BITS, LLC, a subsidiary of Atlantic Community Bankers Bank, is a best-in-class telecommunications services provider exclusively for community banks. We offer a complete hosted platform of next generation telecommunication services, specifically developed to simplify banks' technical, operational, and regulatory requirements. Our services provide cost savings, unmatched efficiencies, risk reduction, streamlined solutions, and peerless, always-on customer support. BITS is funded and owned by several bankers' banks as well as community bank investors. Our services were designed to help community banks improve their efficiency ratios by reducing existing costs for all Voice, Data, Internet, Network Security, Core, and ATM circuits.

BITS simplifies compliance and reduces the regulatory burden community banks encounter. In addition, BITS is SOC 2 compliant and endorsed by multiple Bankers' Banks and State Banking Associations, including the Indiana Bankers Association (IBA), the Maryland Bankers Association (MBA), the New Jersey Bankers Association (NJBA), the Independent Bankers Association of New York State (IBANYS), and the Pennsylvania Bankers Association (PBA). 

For more information, please visit www.bitsnetwork.com.


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