Accounting Software

Josef Rashty, CPA 650-***-****

*** ********* **** abirwx@r.postjobfree.com

Foster City, CA 94404 650-***-****

(Cell)

Professional Highlights:

Industry: High Technology - software development and hardware

manufacturing.

Functional: SEC reporting (Regulations S-X, S-K, FD, G and Sarbanes-Oxley

Act of 2002), revenue recognition, Initial Public Offering

(IPO), business planning, cost and project accounting,

and system implementation (Great Plains, Oracle, ACCPAC and

Solomon).

Professional Accomplishments:

. Managed filing of over 60 SEC reports and responded to eight SEC

comment letters.

. Developed revenue recognition policies based on Software Revenue

Recognition (ASC 985-605-25), Revenue Recognition for Construction-

Type and Production-Type Contracts (ASC 605-35), and the Securities

and Exchange Commission's Staff Accounting Bulletin No. 104, Revenue

Arrangements with Multiple Deliverables (ASU 2009-13), and other

authoritative literature.

. Implemented the most recent GAAP and SEC pronouncements and have

knowledge of the most recent FASB convergence projects and IFRS.

. Published in The CPA Journal, Today's CPA and The Journal of

Accounting & Finance Research.

Professional Background:

2006 to Informatica Corporation - California (Nasdaq: INFA)

Present Director of Compliance & Reporting (Reporting to the

Senior VP of Finance)

Informatica is a large accelerated publicly held data

integration software company

. Manage external reporting, equity function and its related

accounting and tax issues, global SOX 404 compliance,

quarterly earning release, EPS calculation, M&A activities,

goodwill & long lived assets, and research of all new

accounting pronouncements and accounting treatment of any out

of norm business transactions.

. As part of the PCAOB's AS5 and SEC's 2007 guidance for SOX

404 compliance, revised the SOX procedures and reduced the

number of key controls by 60% and implemented global testing

and reduced SOX compliance costs accordingly.

. Implemented the SEC's 2006 executive compensation proxy

rules, derivatives (foreign currency forward contracts and

cash flow hedge accounting and disclosures), business

combinations (including preparation of pro forma for

acquisitions), fair value measurements and disclosures, cloud-

based multiple arrangement revenue recognition, and XBRL.

2004 to Versant Corporation - California (Nasdaq: VSNT)

2006 Corporate Controller & Director of Finance (Reporting to

the CEO & CFO)

Versant is a publicly held object data base company

. Managed U.S. operation and consolidation of Versant's five

subsidiaries.

. Developed the revenue recognition policy and established the

VSOE models.

. Implemented stock compensation, variable interest entity,

impairment of goodwill and long-lived assets, and

restructuring.

. Reduced the legal and accounting fees by 20%, tightened the

close cycle by fifteen days and improved the DSO by over 30

days.

. Managed a staff of six.

2000 to Sagent Technology - California (Nasdaq: SGNT)

2003 Corporate Controller & Director of Finance (Reported to the

CFO)

Sagent was a publicly held Business Intelligence (BI) software

company

0. Managed the SEC reporting function - including filings of an

S-1 and an S-3 for two PIPEs (Private Investment in Public

Equity.)

1. Prepared the revenue recognition policy and established the

VSOE models.

2. Managed the consolidation of fourteen international and

domestic subsidiaries.

3. Increased the renewal rate for maintenance revenue by 60%,

tightened the close cycle by 50%, reduced the audit fees by

30%, and improved the DSO by over 30%.

4. Managed the FP&A and coordinated the tax and legal functions.

5. Recruited and managed a staff of thirteen.

Josef Rashty, CPA Page 2

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Professional Background Continued:

1995 to TIDAL Software - California

2000 Director of Finance & Administration and Controller (Reported

to the CEO)

TIDAL was a venture backed pre-IPO software company.

6. Managed software revenue recognition and licensing and

maintenance renewal.

7. Prepared a business plan and raised equity funding ($20

million).

8. Negotiated asset-based and equipment financing lines of

credit ($6 million).

9. Managed human resources, stock options and employee benefits.

10. Prepared the first employee handbook of the company.

11. Selected the independent accountant and managed the first

audit.

12. Managed the facility function and coordinated a move with no

down time.

13. Coordinated and evaluated risk management plans and policies.

1993 to ConnectInc.com - California (Nasdaq: CNKT)

1995 Controller (Reported to the VP of Finance)

Connect was a start up software company that went through an

IPO.

14. Implemented an Oracle based billing and accounts receivable

system.

15. Preparation of S-1 for IPO and SEC reporting.

1991 to Viewgraphics - California

1992 Controller (Reported to the CEO)

Viewgraphics was a start-up manufacturer of digital video

imaging devices.

16. Prepared a business plan for equity financing.

17. Managed the vendors in a JIT manufacturing out-sourcing

environment.

18. Installed a project-based job costing system and managed the

MIS function.

1988 to Teknowledge - California (Nasdaq: TEKC)

1991 Controller (Reported to the CFO)

Teknowledge was a publicly held consulting and software company.

. Participated in SEC reporting and implemented a job costing

system.

1986 to Sigma Circuits - California (Nasdaq: SIGA)

1988 Cost Accounting and Systems Manager (Reported to the CFO)

Sigma Circuits was a publicly held manufacturer of printed

circuit boards

19. Implemented a Just-in-time (JIT) activity based costing and

inventory control.

20. Participated in the IPO preparation and SEC reporting.

21. Managed the IT function of the company.

1982 to Arthur Andersen LLP - Texas

1986 Audit (two years) and Consulting (two and half years)

22. Audit of publicly held manufacturing and real estate

companies.

23. Implemented financial and manufacturing software packages.

Affiliation:

Member of the AICPA and California and Texas Societies of CPAs.

Education:

CPA Certificate (in good standing)

Oklahoma State University - Stillwater, Oklahoma M.S. B.S.

Accountancy

Publications:

SOX 404 Management Assessment and Disclosure Requirements for

Consolidation of Variable Interest Entities - (forthcoming).

Foreign Currency Forward Contracts and Cash Flow Hedging - Accounting

and Disclosures (forthcoming in The CPA Journal).

Consolidation and Deconsolidation of Variable Interest Entities -

Today's CPA, September/October 2009.

Critical Accounting Estimates for Share-Based Payment Arrangements -

Disclosure Requirements under SFAS 123(R), The CPA Journal, June 2007.

http://www.nysscpa.org/cpajournal/2007/607/essentials/p34.htm.

Critical Accounting Policy Disclosures of Selected NASDAQ Listed

Companies, The Journal of Accounting & Finance Research, Volume 13,

No. II, Spring 2005.

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