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CFO

Location:
Los Altos, CA, 94024
Posted:
May 26, 2009

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Resume:

Shabber Jaffer

**** ********** *****

Los Altos, California 94024

Phone: 408-***-****

Email: *******@*********.***

Senior Finance Executive with extensive experience in successfully leading financial and operational teams in domestic and international markets. A cross-functional leader of large to small sized technology companies with the proven ability to create, communicate and build alignment with all levels of the organization.

Accomplishments:

Finance:

• CFO of three diverse businesses including a company in Mobile Advertising/Direct Response, an Optical Laser company, and a cross-border Venture Fund.

• Completed a successful exit through acquisition by a public company.

• Managed three acquisitions with a combined value of $100M. Drove all acquisition phases including Deal Assessment, Due Diligence, Deal Closure and Integration.

• Successfully raised Equity and Debt financing.

• Exhibited strong financial expertise of 6 major manufacturing sites generating revenues of over $1.0 billion annually.

Operations:

• Successfully transitioned into an operational role for 3 years while at Sun Microsystems (General Manager of enterprise software businesses). Had full P&L responsibility for businesses that had a global presence.

• Established an international business presence for a mobile applications company.

International:

• Built and managed a 70-person business and development team on three continents.

• Drove global partnerships with leading international online portals for market-leading Mobile Social Networking Services and Mobile Marketing Services.

Work Experience:

Kadoink, Inc 2008-Current

A Mobile Content Distribution and Ad-Delivery Platform (Lead investor: Sutter Hill)

Chief Financial Officer

 Developed business and financial models for an evolving business model and focus - from mobile social networking to mobile direct response and advertising.

 Established and documented key business processes and facilitated transition from a development stage entity to a revenue generating player.

 Built key strategic relationships with SMS Aggregators and Direct Response companies.

 Helped transition software development to an offshore partner.

Responsible for all Finance, Operational, HR, Facilities and Administrative activities.

FoneMine, Inc 2006-2008

A Mobile Communications Software Start-up (Angel Funded)

Vice President, International Operations

 Successfully partnered with a global internet leader (AOL International) for mobile social networking.

 Established the company as Asia leader in mobile application services: launched Mobile Yellow Pages (GETIT), Mobile Travel Concierge, Mobile Job Portal and Mobile Matrimonial sites.

 Delivered mobile marketing solutions to international brands and advertising companies.

Established the company’s legal presence and infrastructure in Asia Pacific.

Created a Research & Development team in India to build solutions targeted for the Asian market.

K2 Optronics, Inc 2004-2006

An Optical Laser Start-up - acquired by Emcore Corporation ( EMKR) (Lead investor: Alloy Ventures)

Chief Financial Officer

 Successfully completed the merger of K2 Optronics with a public company; drove all merger activities working closely with investment bankers and attorneys.

 Successfully completed a Series C round of financing raising $7.5M for business expansion.

 Reduced cash burn rate by over 60% during a 9-month period.

 Transitioned all manufacturing to an offshore contract manufacturer.

 Implemented a new stock option plan for underwater stock options.

Responsible for all administrative functions including Finance, Admin, HR and IT.

NewPath Ventures, LLC Santa Clara 2003-2004

The first Indo-US Venture Fund

CFO and Vice President of Finance

 Consummated a business acquisition from a major semiconductor company in a 30-day period.

 Successfully completed 2 rounds of funding for portfolio companies averaging a 65% valuation uplift.

Led all Finance, HR, and Administrative functions for venture fund and its 3 portfolio companies.

Performed deal analytics, evaluation and due diligence for potential investments and portfolio company acquisition targets; led integration of portfolio company acquisitions.

Performed accounting consolidation for foreign subsidiaries.

Managed activities associated with fund-raising for portfolio companies.

Sun Microsystems, Palo Alto, California 1997-2003

Director, Meta-Directory Product Group - SunONE Division (2002-2003)

• Built and managed $5.0 M revenue, 70-person enterprise software business with teams located in UK, India and US.

• Reduced customer escalations by 75% over a period of 9 months.

Drove design, development and delivery of synchronization and consolidation software for enterprise databases and directories.

Director, Trustbase Product Group – iPlanet / SunONE Division (2000-2002)

• Integrated a 40-person company acquisition; transitioned into role of General Manager of the business.

• Delivered the Reference Implementation of an XML-based messaging middleware product for a global banking consortium.

• Successfully delivered the first inter-bank sponsored B-to-B electronic Payment product.

Worked with over 35 banks on defining specifications and developing software to these specifications.

Briefed press and analyst community on bank mediated e-commerce.

Controller - Product Development – iPlanet / SunONE Division (1999-2000)

• Successfully drove 2 company acquisitions.

Financial Controller of enterprise software business with annual revenue of over $400M and a 1,000 –person development organization (Sun -Netscape Alliance).

Responsible for coordinating all planning, budgeting, business process and analysis across two companies.

Controller, SPARC Engineering - Microelectronics Division (1997-1999)

Optimized return on $100M of product development investments.

Redefined business processes, metrics and management reporting to transition to an external-focused business.

Drove transfer pricing negotiations with other Sun divisions.

Drove division Product Strategy Councils; Performed Chief of Staff role to division president.

National Semiconductor, Santa Clara, California 1994-1996

Director of Finance, Manufacturing - Analog Division (1995-1996)

Actively managed the division’s manufacturing activities including planning and forecasting, inventory management and plant strategy.

Spearheaded financial profitability of 6 global manufacturing plants generating revenue in excess of $1.0 Billion.

Business Unit Controller - Application Specific & Interface Products (1994-1995)

• Drove effective closure of product line (Programmable Logic) minimizing customer and inventory liability.

• Designed and implemented a New Product Development Project Tracking System.

Financial oversight of four product lines generating total revenue of $250M.

Philips Semiconductor, Sunnyvale, California 1984-1994

Controller – Mass Storage and Automotive Product Groups (1993-1994)

EDP/Peripherals Product Group (1992-1993)

Microcontroller Product Line (1990-1992)

• Oversaw Mass Storage revenue growth from $0M to $20M in 12 months.

• Implemented a successful semiconductor wafer foundry strategy increasing factory utilization from 30% to 80%.

• Effected profitability turnaround of a $60M Microcontroller business.

Financial Analyst – Microcontroller Product Line (1989-1990)

Performed Revenue Management, Cost Accounting, Inventory Management, Financial Analysis and Budgeting of Product Line.

Accounting Manager– Sales (1988-1989)

Performed worldwide budgeting and analysis for a $500M sales organization; responsible for Distribution Point of Sale revenue recognition and margin deferrals; managed Distributor Bill Back program.

Financial Analyst – Sales (1987-1988)

Drove the North Americas Sales Revenue and Spending budgeting process.

Distribution Auditor (1984-1987)

Audited distribution partner branch locations to effect appropriate inventory valuations; Generated annual billings of $1.5M to distributors for excessive discount claims made.

Education:

M.B.A – Kansas State University, Manhattan, Kansas (1984) Major: Finance

B.S – Bangalore University, Bangalore, India (1980) Major: Accounting

Interests:

Soccer, Basketball, International Travel, Reading. Volunteer Coach for AYSO Soccer; Save the Children Foundation.

Advisory Board Member to early stage companies.



Contact this candidate