Senior Level Finance and Accounting Executive

BRIAN D. BOYCE, CPA 617-***-****● ********@*****.***

** ******** *** *******, ** 01778

SUMMARY

Results driven senior finance and accounting executive with progressive and diversified experience and leadership in technology, telecommunication, consumer electronic, and professional service enterprises. CORE COMPETENCIES:

• SEC Reporting

• Sarbanes Oxley/404 Compliance

• Revenue Recognition

• Financial Systems Implementation

• International Operations

• Treasury, Tax and Risk Management

• Business Process Improvement

• Post-Acquisition Integration

• Mergers & Acquisitions

• Financial Planning and Analysis

PROFESSIONAL EXPERIENCE

BackOffice Associates, LLC ● South Harwich, MA (2014-2015) A $130M private company providing data migration and governance services to Fortune 1000 companies implementing SAP. CORPORATE CONTROLLER

Supervised a staff of 22 with oversight over the annual audit, cash management, revenue recognition, billing & collections, accounts payable, payroll, taxation, statutory accounting (8 legal entities) and travel.

• In accordance with ASC 985-20 Accounting Software to be Sold, Leased or Marketed documented internal costs associated with the development of a new cloud-based product resulting in the capitalization of $1.3M.

• Finance team lead for the testing and implementation of a new professional services automation tool (Kimble).

• Responsible for developing and managing a detailed cash tracking and forecasting tool covering 8 legal entities and 15 bank accounts.

• Successfully dealt with a 2 year backlog of statutory and tax filings for 4 legal entities. Magis Finance & Advisory Group ● Wayland, MA (2011-2014) Provided interim and project-based CFO/CAO strategic and operational consulting services to small & middle market enterprises.

CONSULTANT/OWNER

• Provided interim senior financial leadership and support.

• Remediated operational and revenue recognition deficiencies uncovered under audit and 404 review.

• Coordinated and managed domestic and international Sarbanes-Oxley compliance.

• Assisted corporate finance headquarters in preparing and reviewing regulatory filings, interpreting and implementing financial accounting guidance and providing due diligence support.

• Instituted a comprehensive cash management and forecasting system.

• Coordinated and managed SAP Business One testing and implementation at a Netherlands-based subsidiary.

• Negotiated domestic and international benefits renewal and coordinated employee enrollment. Axcelis Technologies, Inc. ● Beverly, MA (2010-2011) A $275M public company providing ion implantation and ancillary products and services to the global semiconductor industry. VICE PRESIDENT - FINANCE

Supervised a staff of 20 in a Sarbanes Oxley environment with oversight over the annual audit, revenue recognition, accounts payable, credit & collections, payroll, taxation, 404 compliance, stock option administration and SEC reporting.

• Researched, documented and implemented the adoption of ASC 605-25 - Revenue Recognition – Multiple Element Arrangements.

• Researched and finalized financial reporting taxonomies required for implementation of XBRL reporting.

• At the Audit Committee’s request, initiated Axcelis’ first Enterprise Risk Management review.

• Revamped the intercompany inventory profit elimination process to properly eliminate the effects of foreign exchange and freight and handling costs.

BRIAN D. BOYCE, CPA Page 2

LoJack Corporation ● Westwood, MA (2005-2009)

A $225M public company providing products and services for the tracking and recovery of mobile assets on a global basis. CHIEF ACCOUNTING OFFICER and CORPORATE CONTROLLER

Provided financial and technical leadership to a staff of 25 in a Sarbanes Oxley environment with oversight over the annual audit, accounts payable, credit & collections, payroll, inventory, taxation, SEC reporting (including signature and certification), debt compliance, stock option administration and vendor incentives.

• Obtained IRS approval and established the infrastructure for an Advanced Pricing Agreement with a new Irish subsidiary which reduced the effective tax rate by 10%.

• Selected, tested and rolled out a new provider of vendor incentive services ($20M in annualized volume servicing over 3,000 dealers) and stock-based compensation calculation software (ASC 718 compliant).

• Provided technical guidance and analytic oversight regarding new accounting pronouncements and application of accounting principles relating to long-lived assets and intangibles (ASC 350 and ASC 360).

• Successfully managed three years of IRS audits resulting in no material tax penalties or deficiencies. Exact Software North America, Inc. ● Andover, MA (2003-2005) A $60M U.S. subsidiary of a Netherlands-based parent company providing ERP solutions to mid-size companies. CHIEF FINANCIAL OFFICER – NORTH AMERICA

Responsible for managing a staff of 25 overseeing Finance & Accounting, Human Resources and IT.

• Established a Columbus, OH based shared service center for processing repetitive transactions (accounts payable, accounts receivable and payroll) which resulted in $250K in annualized cost savings.

• Consolidated North American cash management under one banking umbrella and implemented a cash forecasting system.

• Targeted and negotiated 2 acquisitions totaling $2.5M which were immediately accretive to the North American business unit’s bottom line.

Aztec Software, Inc. ● Boston, MA (2001-2003)

A $20M U.S. subsidiary of a Bangalore, India-based parent company providing IT consulting, software application testing and integration services to U.S. companies developing eBusiness applications for customer and internal business applications. VICE PRESIDENT FINANCE, PLANNING AND ADMINISTRATION Responsible for all North American accounting, human resource, technology and administrative functions as well as keeping an open line of communications back to the Bangalore-based parent for resource planning.

• Developed business metrics and financial reporting package for the CEO and senior management team as well as a timetracking system to monitor employee utilization.

• Prepared pricing and profitability analyses for all proposals as well as reviewing the profitability of existing contracts on an ongoing basis.

CERING (formerly KPMG Global Knowledge Exchange) ● Boston, MA (2000 – 2001) A proposed "carve-out" of KPMG’s Global Knowledge Exchange Group into a stand-alone entity. CHIEF FINANCIAL OFFICER

Financial executive consultant recruited to assist KMPG partner in planning and marketing the concern to private equity firms.

• Co-wrote CERING’s business plan and created the financial model to support the spinout and transformation of KPMG’s internal Knowledge Management product into a commercial enterprise.

• Worked with Merrill Lynch, CERING’s financial advisor, in negotiating a term sheet with a lead investor for presentation to KPMG’s International Board.

BRIAN D. BOYCE, CPA Page 3

USAMobility (formerly Arch Wireless, Inc.) ● Westborough, MA (1996 – 2000) A billion dollar public telecommunications company providing wireless messaging services to 12M customers nationwide. VICE PRESIDENT FINANCE and CORPORATE CONTROLLER

Responsible for managing a HQ staff of 30 and shared service staff of 50 with oversight over the annual audit, accounts payable, credit & collections, payroll, inventory, taxation, SEC reporting, debt compliance and budget functions.

• Participated in the $675M acquisition of MobileMedia, Inc. and $1.6B acquisition of PageNet (making Arch the world’s largest paging company). Primary responsibilities included: due diligence, cost synergy identification, integration, required SEC filings and comment letter response.

• Contributor to two Rule 144A offerings that generated $277M in debt financing to provide the increased operating cash flexibility as well as funding for acquisitions.

• Streamlined the monthly closing cycle from 17 to 10 business days by automating 80+ monthly general ledger billing downloads and consolidating and automating payroll and cost of goods sold downloads. OTHER ACCOMPLISHMENTS and EXPERIENCE

• IPO and Secondary Offering ($25M cumulatively raised) – Corporate Software

• Worldwide financial system design & implementation – Corporate Software

• Public Accounting – PricewaterhouseCoopers and Ernst & Young AFFILIATIONS AND COMMUNITY INVOLVEMENT

• Certified Public Accountant, Commonwealth of Massachusetts (#6430 -current thru June 30, 2016)

• Member, American Institute and Massachusetts Society of Certified Public Accountants

• Member, Financial Executives International (FEI)

• Member, CFO Roundtable (Boston, MA)

• Member, The Wellesley Club, (Wellesley, MA)

• Treasurer/Investment Committee/Board Member, Wellesley Scholarship Foundation, Wellesley, MA (Endowment: $5M)

• Member, St. John the Evangelist Church Finance Council, Wellesley, MA

• Member, Wellesley Country Club Finance Committee, Wellesley, MA

• Past Chairman and Committee Member, Town of Wellesley, MA Audit Committee

• Past PTO Treasurer - Schofield and Sprague Elementary Schools, Wellesley, MA

• Former Treasurer and Director, Williams Syndrome Association (6,000 families nationwide), Troy, MI EDUCATION

BABSON COLLEGE -F. W. OLIN GRADUATE SCHOOL OF BUSINESS, Wellesley, MA Degree: Master of Business Administration (Accounting and Finance Concentrations) COLLEGE OF THE HOLY CROSS, Worcester, MA

Degree: Bachelor of Arts (History)

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