LAWRENCE M. DAVIS, MBA, CPA - financial executive skilled at creating
shareholder value through organic growth, mergers and acquisitions, and
international operations
San Francisco, CA 415-
336-9260
http://www.linkedin.com/in/larrymdavis
acptjy@r.postjobfree.com
CONTROLLER
Accomplished at identifying and resolving complex technical accounting
issues through experience as a Big Four auditor and corporate controller.
Knowledgeable in operations and financial reporting for both publicly
traded and privately owned enterprises. Extensive experience in
interpreting financial results for boards comprised of venture capitalists
and private equity investors. Adept at attracting, developing and
retaining top talent across multiple departments through exceptional
leadership, succession planning, and communication skills.
. Sold a $400M family owned business to a private equity firm for 13
times earnings
. Reverse merged a $500M retailer into a public shell while securing
$250M in debt financing for expansion. Grew business to $1B through
seven acquisitions in one year while increasing the operating margin
from 2% to 3% versus an industry average of 1.5%
. Collaborated with CEOs of venture funded and private equity backed
companies to raise $600M in convertible debt and equity financing
. Led teams through more than 25 acquisitions that were accretive to
earnings. Mediated and resolved differences in corporate cultures to
ensure seamless post closing integration
AREAS OF EXPERTISE
Capital formation Private equity
Improving cash flow Revenue recognition
Talent development Complex financial reporting issues
SEC reporting Board and investor presentations
Foreign currency translation Mergers and acquisitions
Budgeting and cost control Global operations
PROFESSIONAL EXPERIENCE
CFOexec.com, San Francisco, CA
1999 - present
Principal
Provide CFO and controller level services to various pre-IPO technology
companies. Representative engagements include
Fluid, Inc., San Francisco, CA
2013 - 2014
VP Finance
Designer of custom web sites for premier retailers such as The North
Face, Brooks Brothers, and VF Industries. Major investors include the
private equity arm of Goldman Sachs and IBM
. implemented a monthly financial closing process that increased
the accuracy and reduced the time of submission of a complex
reporting package to Goldman Sachs
. arranged a $6.5M three tranche credit facility with Comerica
Bank that eased cash outflow
. reduced the cost of the annual audit by $10,000 through the
improvement of internal controls and the documentation of
policies and procedures
. reduced receivables aged over 90 days from $200K to $-0- by
involving co-workers in the collection process. Action also
improved cash flow by increasing borrowing capacity with
Comerica Bank.
BrightEdge Technologies, Inc.
2010 - 2013
Controller
SaaS based subscription model company whose software optimizes results
from organic search traffic as measured by conversions and revenue.
Financed by Intel, Battery Ventures, and others
. developed revenue recognition and foreign currency translation
policies
. implemented a cash forecasting model to project subsequent
financing needs
. created a UK subsidiary
. assisted the management team in closing $20M and $40M rounds of
financing
NovaRay Medical Systems, Inc.
2008-2010
Chief Financial Officer
Publicly traded developer of high performance medical x-ray
fluoroscopy systems
. Took the company public via a reverse merger into a public shell
to include preparation of all reporting to the SEC: Forms 8-K,
10-Q, and 10-K
. Raised $15M in a private placement offering subsequent to
closing the merger
Glimmerglass Networks, Inc.
2006-2008
Vice President of Finance
Venture capital backed SaaS subscription model developer of cyberspace
security software sold to national governments
Led the accounting team through three years of audits followed by
preparation for a listing on the London Stock Exchange's Alternative
Investment Market ("AIM").
Taleo Corp, Quebec, Canada
2005 - 2006
Controller
Publicly traded (NASDAQ: TLEO) SaaS based developer of talent
management software
. Led the company through a restatement of earnings, it's first
audit as a public company, and filing of its initial Forms 10-K
and 10-Q
. Created the foreign currency translation and deferred revenue
recognition policies for revenue generated in eight different
currencies
. advised CEO and board members on implementing a retention
program for Quebec based employees
Previous experience:
. Demandtec, San Francisco, CA, Vice President of Finance for a venture
capital backed developer of product and pricing mix optimization
software sold to packaged goods retailers such as Walgreen's, Safeway,
Wal-Mart, and others
. FirstAmerica Automotive, Inc., San Francisco, CA, CFO for a $1B
publicly owned consolidator of automobile dealerships created by a
reverse merger into a public shell. Personally handled all SEC
reporting.
. The Nalley Companies, Atlanta, GA, CFO for a $400M retail
conglomerate. Arranged sale of the company to a top tier private
equity firm for 13 times earnings.
. Citibank, Atlanta, GA, VP and Senior Credit Officer. Led a team
through the liquidation of a $2B problem loan portfolio; created the
bank's first consumer automotive leasing program
. LeasePlan, Atlanta, GA, Controller for Europe's largest fleet leasing
company. Led growth from $-0- to $30M in revenue in three years
. Arthur Andersen, Atlanta, GA - Audit Senior for a Big Four CPA firm.
Led teams through audits of publicly traded and privately held
enterprises.
EDUCATION
. CPA License, State of Georgia
. MBA and BSBA, management and accounting, Auburn University,
Auburn, AL
. BS, mechanical engineering and Russian, US Military Academy, West
Point, NY