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Terrence DeFranco is CEO and President of Iota Communications, Inc. Prior to Solbright’s merger with Iota, he served as the CEO of Solbright Group, Inc. from 2013 to 2018. In the past Mr. DeFranco served as CEO of Edentify, Inc., an identity management software company.

His background is primarily in the area of corporate finance, management and capital raising, previously serving as head of investment banking for Baird, Patrick & Co., Inc., a 70-year old NYSE Member firm and head of investment banking and founding partner of Burlington Securities Corp., a New York based investment banking and institutional equity trading firm. Mr. DeFranco began his career on Wall Street in 1991 with UBS. Mr. DeFranco has been an active principal investor, senior manager and advisor to many early-stage companies and has extensive experience in dealing with issues related to the management, finance, operations and corporate development of startup and middle market public and private companies.

Mr. DeFranco is a graduate of the University of North Carolina at Chapel Hill with a BA in Economics and currently serves on other corporate and non-profit boards and committees.