CFO
Resume:
Kevin T. Comerford, CPA
***********@*****.***
EXECUTIVE SUMMARY
A senior level executive with extensive hands-on experience in accounting, finance, business management, operations and strategic planning. Expertise and experience in both the not and for profit sectors.
Successful in building internal accounting, system and administrative infrastructure to support growing enterprises from start-up to global revenues of $330m+. Adept at overseeing Accounting, Finance, IT, HR, Facilities, Financial Reporting, Sox’s compliance and Administration functional areas.
Successful in raising capital from public and private markets. Established record of success in significantly growing enterprise value. Highly successful in completing merger and acquisition transactions. Well versed in managing investor relations and investment bank expectations.
PROFESSIONAL EXPERIENCE
Matrix Odyssey June 2016 to Present
Interim CFO / Treasurer / Hr
Implemented the back office infrastructure including a cloud ERP and CRM solution. Established HR policies and financial internal controls for this early stage life science company. Created a three year financial budget to manage the business. The company is in the process of applying for several grants with the NIH and raising a series A equity financing round to help further fund the company’s technology. Recently, named to the Board of Directors.
Abpro Labs. 2014 to June 2016
Chief Financial Officer / Hr /Treasurer / Secretary
Worked with the founder and CEO to restart the company which included negotiating with unsecured vendors, establishing credit terms with suppliers, settling various law suites, and closely managing cash. Recently completed a series B and series C equity round totaling $16.8 million. Implemented a fully integrated ERP cloud solution to further manage the on-going business.
Tatum CFO’s 2013 to June 2014
Managing Partner – New England
Tatum is a well established professional service firm specializing in senior financial executives. Responsibilities include staff development, customer relationship, and financial results of the New England territory which includes over 75 direct reports.
New England Research Institute 2012 to June 2013
CFO
Initially brought in to this $200M not for profit clinical research institute as a consultant to review the finance department and operating systems. I accepted the role of CFO to implement the identified changes. Lead the A-133 audit, and negotiated the overhead and fringe rate with NIH. Established an internal process for grant and federal contract accounting. This process included working with the senior staff to set up a comprehensive project based system.
Grace-Hunt, Hudson, MA 2004-Sept. 2012
Founder /Chief Executive Officer
Grace-Hunt sells and supports ERP, CRM, and SharePoint Solutions to various companies in multiple industries. Our goal is to help companies achieve their IT goals.
Lead company from start-up to over 60 FTE’s supporting over 350 customers in four regional offices. Responsible for all aspects of the business operations, business development and investment activities
Oversaw the growth of this professional firm from start-up to $14M, became a Microsoft gold partner
Successfully sold the company to a national competitor on September 30, 2012.
Founded SharePoint Saturdays being the technology community together weekly to collaborate on projects and new solutions.
Momentum Equity Partners, Boston MA 2003-Sept. 2013
Co-Founder/CFO /Partner
The mission for Momentum is to start and support technology focused companies from business plan to operations. This includes identifying the leaders, the markets, develop the culture, infrastructure, financial model, establish partner relationships, and continue to grow the revenue while generating profits. My direct responsibilities included working with the company’s management to establish operations, finance, IT, HR, facilities. This was accomplished by creating a shared back office service model to maximize efficiencies and leverage joint operations.
Momentum started and successfully existed from 5 entities over the past 14 years. I became the CEO of Grace-Hunt, of which Momentum seed funded in 2004 which was purchased in 2012.
Into Networks, Inc. Cambridge, MA 2001 to 2004
Chief Financial Officer / Treasurer / Secretary
Supervised the back office operations which included finance, human resources, and information systems. Lead the process in selling the company to maximize a return to its venture backers, Fidelity Ventures.
Secured bridge financing with major shareholders to allow the company to re-focus the company
On the enterprise market and execute its 2002 business plan.
Established an operating plan with appropriate overhead to allow the company to operate within its cash position.
Negotiated with vendors establishing payment plans or significant reductions to allow the company to continue operations while avoiding protection.
Compiled the financial model with corporate presentation to attract potential new investment.
Breakaway Solutions, Inc. (Nasdaq: BWAY) Boston, MA 1997 to 2001
Chief Financial Officer / Executive Vice President of Administration / Treasurer / Secretary
Brought Company Public in October 1999
Company grew very rapidly from $10m in revenues to a $300m+ run rate.
Completed two venture backed preferred series offerings generating over $80 million dollars
Responsible for all administrative aspects of the company which included the following:
Information technology, Human Resources, Recruiting, Legal, Finance /Accounting, SEC reporting, Cash Management, Corporate Taxes, External audit, and Investor Relations.
Presented at national investor forums, compiled and approved analysis financial models, managed and spoke at all investor quarterly conference calls met with and spoke to investors on a daily basis. M&A / Corporate Development, responsible for acquisitions and organic growth strategies. Successfully acquired and integrated seven entities at different developmental stages.
Successfully managed and implemented one of the most successful Initial Public Offerings of 1999 which rose over $45 million dollars lead by Morgan Stanley. Responsibilities included lead coordinator of all corporate presentations, due diligence materials, organization meeting with bankers and analysis, financial models, key financial matrix proposed valuation, negotiations with bankers on structure of offering, lead person in drafting sessions with legal and bankers and ultimately responsible for completing S1 registration offering. Presented the company’s key financial matrixes and models over 90 times in a two-week road show to senior money managers and analysts from financial institutions around the country.
Hired by the original founder, assisted in compiling original business plan and company name.
Boston Sales Automation, Inc. Acton, MA 1994 to 1997
Co-Founder & Chief Financial Officer
Successfully grew the company to be the largest re-seller and implementers of the Great Plains family of mid-market financial software in the United States
Oversaw the company grow from -0- revenues to $10 million with no employees to over 100
Successfully sold the company in December 1997
B&K Medical Instruments, Inc. (Danish Owned US Subsidiary) Marlboro, MA 1992 to 1994
Chief Financial Officer / Treasurer / Secretary
Company revenues grew to approximately $200m
Responsible for initial establishment, and for all administrative aspects of the company including IT, Facilities, HR, Recruiting, Legal, Financial Reporting / Accounting
Assisted in successfully selling the company in June of 1993 to a major publicly traded company
Completed sale of the company to Analogic, Inc.
AB Munter’s Inc. (Swedish Owned Subsidiary) Amesbury, MA 1990 to 1992
Vice President of Finance & Operations / Treasurer
Responsible for all administrative aspects of the company including IT, Facilities, HR, Recruiting, Legal, Financial Reporting / Accounting
Ernst & Young Inc. Worcester, MA 1985 to 1990
Audit Manager
EDUCATION AND CERTIFICATION
Sitting Member on Board of Directors / Advisors for 3 companies
Certified Public Accountant, Massachusetts
Bachelor of Arts, Accounting Assumption College, Worcester, MA
Authored an Educational Class on Cloud Technology
SYSTEMS CAPABILITIES
Proficient with most Cloud ERP and CRM solutions such as,
MS Dynamics, Great Plains Solomon, CRM,, Sales Force, Net Suite, Intacct and SharePoint developed solutions.
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