THOMAS J. REID, CPA
** ******** ****** ****, *********, MA 02184
Cell: 781-***-****, *******@***.***
WORK EXPERIENCE:
Independent Consultant, Braintree, MA
Temporary CFO, 2008 to present
Projects include forecasting and budgeting, negotiating debt financing,
preparation of closing schedules and year end tax planning.
Onaro, Inc., Boston, MA (Acquired by NetApp for 11x capital raised)
Vice President of Finance & CFO, 2004 to 2008
Software for the storage area network (SAN) environment. Managed company
growth to positive cash flow and profitability while limiting the need for
additional equity financing. Revenue grew from $1M to $17M in three years.
VC investors were Cedar Fund and Newbury Ventures.
. Key participant in negotiating sale of business.
. Closed $2M in venture debt financing with Comerica.
. Negotiated customer, vendor and partner contracts.
. Developed and implemented Revenue Recognition and Booking policies.
. Managed corporate office relocation and negotiated 5 year lease with
break clause.
. Established international subsidiaries.
. Responsible for HR (evaluated, selected and managed all employee
benefit plans).
ProQuent Systems Corporation, Marlborough, MA (Acquired by Bytemobile)
Vice President of Finance & CFO, 2003 to 2004
Telecommunications software which provided carriers the ability to offer
enhanced mobile data services. VC investors were Nokia Ventures, St. Paul
Ventures, Argo Global Capital and YankeeTek Ventures.
. Raised $17M in venture capital financing.
. Negotiated customer, vendor and partner contracts.
. Managed legal, auditor and vendor relations and interfaced with Board
of Directors.
. Responsible for negotiating and implementing Company wide employee
benefit plans.
Lexra, Inc., Waltham, MA
Vice President of Finance & CFO, 2001 to 2003
Developed microprocessor IP for embedded applications in the home
infotainment, network access equipment and broadband infrastructure
markets. VC investor was Matrix Partners.
. Negotiated the sale of the IP business ($7.5M).
. Negotiated customer and vendor contracts.
. Managed legal, auditor and vendor relations and interfaced with Board
of Directors.
. Coordinated the budgeting process and improved the monthly closing
procedures.
GeoTel Communications, Lowell, MA (NASDAQ "GEOC") (Acquired by Cisco for
$2B)
Corporate Controller, 1996 to 2000
Manufacturer of software applications and services for the customer call
center market. Successful IPO in 1996. Revenue grew from $9M to $80M in
four years. VC investors were Matrix Partners, Sigma Partners, Fidelity
and Atlas Ventures.
. Key participant in investor relations program (i.e. setting
"Street"earnings expectations).
. Prepared all SEC financial filings.
. Established international subsidiaries.
. Managed banking relationship (negotiated equipment and debt line of
credits).
VMARK Software, Inc., Westboro, MA (NASDAQ "VMRK")
VP of Finance and Corporate Controller, 1992 to 1996
Database software applications and services. Joined CEO on successful IPO
Road Show in 1992. Managed revenue growth from $12M to $70M in four years.
. Evaluated, structured and closed acquisitions valued up to $25
million.
. Negotiated $10 million debt facility and factoring program.
. Prepared all SEC financial filings.
. Key participant in the investor relations program.
. Established international subsidiaries.
DELOITTE & TOUCHE, Boston, MA
Audit Manager, 1983 to 1992
. Experience with IPO filings, Merger & Acquisitions and business plan
reviews.
COLLEGE EDUCATION
STONEHILL COLLEGE, Bachelor of Science in Business Administration
Graduated Cum Laude