MARC A. SOLOMON
* ***** ******, *.*. Unit ***
Washington, DC 20036
301-***-**** (mobile)
************@*******.***
SUMMARY OF
QUALIFICATIONS A high growth Software, IT and Healthcare executive with over 30 years' experience in financial strategy & planning, M&A transactions, raising capital, FP&A, data analytics, accounting, operations, human resource administration, legal management and corporate administration.
EXPERIENCE
SolomonCFO, Washington, DC, 2016 to Present
CFO and Managing Partner
Consulting firm that assists closely-held and emerging growth companies in the areas of financial strategy & planning, data analytics & modeling, FP&A, and accounting.
CFO and Senior Financial Consultant for the following Clients:
Paragon Bioservices
Biotech/Pharmaceutical
Closed $1.2 Billion sale of the Company.
Fiberight
Energy Technology
Raised over $100MM in Debt and Equity financing, including a successful public bond offering of over $70MM.
BPI Interactive
Marketing, Advertising and Technology Services
Developed strategic plans and managed all board and banking relationships.
Ceremony Coffee Roasters
Retail and Manufacturing Coffee Roaster
Developed strategic plans and managed all fund-raising efforts.
BNC Technology
Telecom Technology and Professional Services
Developed strategic plans and closed the sale of the business.
GuardLab
Customized mouthguards for Sports and Sleep Apnea
Developed strategic and “go-to-market” plans and managed all fund-raising efforts.
Advantia Health/GBS Holdings, Washington, DC, 2013 to 2016
CFO
PE backed Health Care Technology, Services and Ambulatory Surgery Centers
Led M&A strategy and execution.
Integrated SAAS EHR systems into multiple business units.
Develop strategic plans and manage fund raising efforts.
Implement revenue cycle management, process and oversight (including billing and coding).
Manage the executive management team on budgeting and planning.
Lead pricing and other business strategies (Value Based Pricing, Telemedicine, etc.).
Re-structured accounting, financial reporting and operation systems.
Provide Board of Directors, CEO and Shareholders with operation reports, financial statements, budgets, financial forecasting and investment strategies.
Manage tax compliance.
JackBe, Inc., Chevy Chase, MD, 2010 to 2013
CFO/COO
PE backed Real-Time Analytics SAAS Software Company
Re-structured accounting and financial reporting systems.
Grew sales by over 300%.
Reduced operating costs by over 40% within 6 months.
Developed company business plan and forecasts.
Provide Board of Directors, CEO and Shareholders with operation reports, financial statements, budgets, financial forecasting and investment strategies.
Lead the executive management team on long-term business strategies.
Led the sale of the Company to Software AG.
GlobalServe, Inc., Valhalla, NY, 2002 to 2010
CFO/COO
PE backed SAAS Software and professional services company that assists global enterprises in building and pro-actively managing their Global IT Supply Chain through the company’s proprietary software and partnership alliances with over 200 VARs in over 170 countries.
Supervised Operations Managers, International Controller, General Counsel, VP of Corporate Development, IT Director, VP of Administration and Director of Client Services.
Raised over $50 million in capital financing.
Re-structured accounting and financial reporting systems.
Reduced operating costs by 30%, which lead to profitability within 12 months.
Improved corporate efficiencies through the use of proprietary technologies.
Developed company business plan.
Provided Board of Directors, CEO and Shareholders with operation reports, financial statements, budgets, financial forecasting and investment strategies.
Handled relationships with venture capitalists, commercial banks and auditors.
Managed operations committee to improve efficiencies throughout the company.
Managed international tax compliance.
Led the sale of the Company to Avnet.
Outbounder, Inc., Alexandria, VA, 2000 to 2002
CFO/COO
PE backed Software, wireless telecommunications, messaging infrastructure and IT company that facilitates dynamic communication among government entities, commercial enterprises and their diverse constituents – customers, employees, shareholders, partners and vendors.
Raised over $10 million in capital financing.
Re-structured operations, finance, legal and administration.
Provided Board of Directors, CEO and Shareholders with financial statements, critical financial forecasting, operations strategies, investment alternatives and valuation modeling
Handled relationships with investment bankers, venture capitalists, commercial banks and auditors.
Led operations of government contractor business.
Led the sale of the company to TNSI.
Agora Enterprises, Santa Monica, CA, 1999 to 2001
President, Founder and General Partner
A venture capital and strategic consulting firm founded for the creation and nurturing of start-up marketing and technology companies with investment and equity holdings, primarily in three companies.
As one of three founding partners, responsible for leading the operations, financial management, and business planning of the portfolio companies.
Structured investment and venture deals with portfolio companies and outside investors.
Raised over $50 million in capital financing.
Led all due diligence efforts and deal structuring.
Recruited and trained executive management teams.
Held board positions in two of the portfolio companies.
Served as CFO of SmartPros, an educational software company, and Exist Corporation, a business-to-business trade and exchange software company.
oSupervised Controller, General Counsel, VP of Corporate Development, VP of client services, VP of Information Technology, VP of Administration, HR Manager and Director of Special Projects.
oRaised over $20 million in capital financing.
oLead SEC filings and all disclosures
oBuilt financial, legal and administrative operations.
oDeveloped company business plan.
oProvided Board of Directors, CEO and Shareholders with critical financial forecasting, operations strategies, investment alternatives and valuation modeling.
oLed all due diligence efforts and deal structuring.
oHandled relationships with investment bankers, venture capitalists, commercial banks and auditors.
oLed the sale of the company to IBM.
Magnet Interactive, Washington, DC, 1994 to 1999
PE backed Marketing and communications, professional services, consulting, software and consumer product Company.
President and CFO, 1998 – 1999
Managed clients at an executive level that included Nissan, First USA, Kellogg’s, FedEx, and Mayo Health Clinic.
Supervised CTO, VP of Sales, VP of Client Services, VP of Design, Controller, VP of Technology, VP of Administration, HR Manager and Director of Financial Reporting.
Created new operating policies and procedures that increased project profitability by
over 30%.
Raised over $30 million in capital and debt financing.
Grew revenue from $0 to $100 million.
Negotiated and executed a distribution deal with 20th Century Fox to sell the Company’s products in retail outlets.
Prepared and negotiated work agreements with game publishers.
Grew sales pipeline to $100 million.
Sold the company to AKQA.
KPMG, Washington, DC, 1988 to 1994
Large/global Big 5 accounting and consulting firm. Industry experience included marketing and communications, healthcare, software, not for profits, technology, banking, telecommunications, and manufacturing.
Supervising Senior Accountant, 1992 – 1994
Senior Accountant, 1990 – 1992
Staff Accountant, 1989 –1990
Assistant Accountant, 1988 –1989
Supervised Senior Accountants, Staff Accountants and Assistant Accountants on financial statement audit and consulting engagements.
Consulted clients on SEC filings and disclosures
Provided client Board of Directors, CEO, CFO and Controllers with financial and operations strategies, investment alternatives and valuation modeling as well as, HR consulting, accounting system analysis and cost cutting methodologies.
Wrote proposals and pitched new opportunities.
EDUCATION University of Maryland
Bachelor of Science in Accounting, May 1988
Graduated cum laude
CERTIFICATION Certified Public Accountant
Passed the CPA exam on the first sitting in November 1988