Shango (News - Alert), an online site that caters to a specific group of wholesale buyers and sellers of Internet protocol (IP) communications, recently appointed Robert W. Fay to chief financial officer, where he will oversee the company's capital raising, M&A, growth and scalability initiatives, among other financial aspects of the business. Shango is the Amazon of the IP communications market; it allows vendors to setup an online presence and market to buyers. The system also allows sellers to manage a storefront and handle the inventory management of their products.

Fay brings more than 35 years of experience overseeing the financial, human resources, investor relations and legal advising functions for numerous companies. He was previously a financial adviser for companies such as Let’s Gel and was CFO for several technology companies, including Cirrus Logic (News - Alert) Inc., TeraVicta Technologies and Movero Technology.

Shango also supports buyers who cannot find something to fit their needs. It can work with sourcing providers or vendors to build the new corresponding APIs. It has a proven track record of doing this with previous clients. Shango customers can also use the "Inventory Import" capability to import their inventory and immediately start managing their assets.

Shango has seen growth this year. The company has facilitated more than five million transactions across multiple voice and data applications for more than 1,400 trading partners.

"Our unique platform is aimed at truly automating the way the telecom industry sources and fulfills IP-enabled services; given Bob's forte within the space, we'll certainly be in capable hands as we set our sights on sustained growth,” said Shango CEO David Walsh (News - Alert).

There is no doubt that Shango has found a need within the market and is planning on taking the industry head on. In the last year it has been gathering a team of executives and new staff, which are indications that business with Shango is going well and that it may have plans in the future for more growth.