Frank J. Sansone, cpa
**** ********* ***** ( Fullerton, California 92835
Cell: 714-***-**** ( ***************@*****.***
FINANCE
Chief Financial Officer and Board Member
Hands-on executive with exemplary financial management and business
development experience and success within international, growth-oriented
public and private companies. Expertise across full range of finance and
accounting functions, including financial planning and analysis,
administration, controls and procedures, mergers and acquisitions,
budgeting, forecasting, auditing, and SOX compliance. Big-picture
strategist with keen ability to meet needs of diverse software verticals
and partner finance with operations and business development objectives.
Superb leadership capabilities; adept at developing high performance teams.
Financial Analysis ( Strategic Planning ( Accounting and Financial
Operations ( Budget Forecasting ( Audits Business Forecasting ( P&L (
Internal Controls ( Cost Control ( Business Plans ( IPO's ( Negotiations
Mergers and Acquisitions ( Operational Streamlining ( Policy Development (
SEC Reporting ( Banking Relations
Process Reengineering ( Staff Management ( Investor and Analyst Relations
(Sarbanes-Oxley Compliance
PROFESSIONAL EXPERIENCE
PPREMIER POWER RENEWABLE ENERGY, El Dorado Hills, California ( 2009 -
Current
North American and European solar power company providing high performance
solar power systems with consistently high quality for our commercial,
agricultural, industrial, government, utility and residential customers..
(OTCBB: PPRW.OB)
Chief Financial Officer
Directed all finance and accounting functions, including budgeting,
forecasting, financial planning and analysis, financial systems, audit
coordination, tax planning and compliance, cash controls and preservation,
investor relations, and human resources. Managed entire budget of Company.
Maintained company's compliance with all regulatory obligations through
proficient oversight of internal and external audits, while directing
number of key initiatives toward success.
. Completed S1 registration of Private Equity Holdings within one month of
arrival after company struggled to file for seven months.
. Integrated newly acquired Italian subsidiary.
. Implemented Investor Relations strategy.
. On file with Registered Direct Offering (RDO) to raise $10 million.
. Managing Sales team as Company completes VP of Sales search (5 Months).
. Obtained and completed complex project finance facilities to complete
multimillion dollar projects.
. Implemented Sarbanes Oxley.
LIVEOFFICE LLC, Torrance, California ( 2008-2009
Leading provider of software-as-a-service email archiving and Hosted
Exchange 2007 solutions; annual revenues of $25 million and 100+ employees.
Chief Financial Officer and Board of Director
Directed all finance and accounting functions, including budgeting,
forecasting, financial planning and analysis, financial systems, audit
coordination, tax planning and compliance, cash controls and preservation,
investor relations, and human resources. Managed entire budget of Company.
Led and developed Controller and HR Manager. Developed and implemented
financial management policies and procedures. Maintained company's
compliance with all regulatory obligations through proficient oversight of
internal and external audits, while directing number of key initiatives
toward success.
Led development, analysis, and interpretation of statistical and accounting
information to present operating results in terms of profitability,
performance against budget, and key matters bearing on fiscal soundness and
operating effectiveness of organization. Partnered with CEO and Board of
Director in development and implementation of new business strategy.
. Improved billing efficiencies and accuracy by implementing new ERP and
billing system to replace internally developed legacy system within 5
months of hire.
. Completed Series B financing for company struggling with demise of
Financial Services vertical, representing $1 million in revenue.
. Completed restructuring of debt facility and new $5 million debt
facility, in tight borrowing market, for Company impacted by demise of
Financial Services vertical.
. Led cost restructuring implementation and 15% Reduction in Force.
. Built new finance team and reporting structure to meet requirements of
private equity investors.
GUIDANCE SOFTWARE, INC., Pasadena, California ( 2002-2008
Recognized worldwide as the industry leader in digital investigative
solutions; $90 million in annual revenue and 400+ Employees (NASDAQ: GUID).
Chief Financial Officer
Led all finance and accounting activities; provided financial corporate
leadership, SEC reporting and compliance, accounting processes and
procedures, budgeting and forecasting, and tax planning and compliance,
audit coordination, and investor relations. Managed budgets for all
departments in Company; held accountability for Finance Department budget
of $5 million. Managed and developed 4 direct reports, including VP of
Finance, Controller, Director of Investor Relations, and Director of
Revenue Recognition. Ensured integrity of all financial information and
systems.
Drove strategic financial planning and management of results and
operations. Assisted, advised, and oversaw all financial arrangements
entered into including licensing arrangements, joint ventures, and
strategic alliances.
Performed financial assessment of acquisition targets and reviewed
diligence packages. Served as lead financial voice to institutional
investors and analysts; delivered quarterly earnings reports and public
presentations.
Provided critical financial perspective on business decisions to CEO and
Board of Directors and actively participated in strategic planning to drive
company growth and profitability. Delivered financial reports to Board of
Directors; informed Board of key financial activities and issues.
. Played key contributing role in organic company growth from $10 million
in 2002 to $90 million in 2008 and achievement of 7 consecutive quarters
of record company revenue by building financial infrastructure.
. Increased gross margins from 62% to 72% in 5 years.
. Completed registration statements and SEC filings for $60 million public
equity IPO (Form S1) led by Morgan Stanley and Lehman Brothers; built
relationships with investment bankers, legal counsel, and external
auditors on technical accounting and reporting disclosures, due
diligence, comfort letters, and consents.
. Expanded and developed Finance Department from staff of 3 to 45.
. Managed successful implementation of Sarbanes-Oxley Section 404 upon
public offering.
. Led implementation and conversion to Oracle Financial system.
. Impacted contract management and review; saved numerous contracts and
revenues by initiating revenue recognition policies to ensure proper
revenue recognition.
ASPEN TECHNOLOGY, INC., San Diego, California ( 1998-2002
Largest software company 100% focused on optimizing process manufacturing;
$300+ million in annual revenue, 2000+ employees, and $1.4 billion Market
Cap; (NASDAQ: AZPN).
Vice President of Finance and Director of Finance, 2000-2002
Managed Company's efforts in contract negotiations related to intricacies
of revenue recognition standards for software companies. Developed internal
standards and related contracts to ensure proper revenue recognition. Led
finance efforts of Mergers and Acquisitions Group; prospected for potential
acquisition targets; performed due diligence reviews of targets; price
negotiations; and modeling and integration of acquired targets.
. Led revenue recognition review for over $300 million in worldwide
revenues.
. Completed 4 acquisitions of companies, ranging in annual revenue size
from $1 million to $100 million, in coordination with Corporate
Development in 2-year period, from identification of target through
integration of target into operations.
. Managed consolidation of worldwide results for subsidiaries of foreign
business unit in Asia across 2 significant business segments.
Vice President of Finance, PETROLSOFT CORPORATION (Acquired by ASPEN
TECHNOLOGY, INC. in 2000), 1998-2000
Managed all aspects of finance, contract negotiations, employee relations,
pricing strategies, forecasting, budgeting, treasury, legal, and
administration for Company with $1 million in annual revenue and 4
employees.
. Played instrumental role in acquisition by Company with international
recognition for $60 million; acted as liaison between Company and
analyst community while developing relationships with external auditors,
lawyers, investors, and vendors.
. Led Company's search for outside investment options, including venture
capital, competitors, and IPO.
Career Note: Additional professional background includes Audit Manager at
PRICEWATERHOUSECOOPERS, Orange County, California, 1993-1998. Details on
request.
EDUCATION
Bachelor of Science in Accounting, UNIVERSITY OF LA VERNE, La Verne,
California
PROFESSIONAL AFFILIATIONS
American Institute of Certified Public Accountants ( California Society of
Certified Public Accountants
CURRENT BOARD OF DIRECTOR MEMBERSHIPS
WEBDEVENTIONS, LLC, Software developer of viral websites.
TRITTON TECHNOLOGIES, INC., Developer and distributor of gaming audio
technology.
DITECH NETWORKS (NASDAQ: DITC). Leader in delivering voice solutions.