CFO

David Ascani, **** Winding Trail Drive, Valrico, Florida 33596

C: 813-***-**** *******@*******.***

PROFESSIONAL SUMMARY

- Executive professional with Chief Financial Officer, Operations & Information Technology leadership experience

- Seasoned leader with 25 years of broad experience in all aspects of executive team leadership, strategic planning, P&L management, financial reporting, information technology, human resources, customer service & administration

- Strong organizational, communication & resource control skills; specializing in driving change and business strategy

- MBA in Finance and Investments; and Bachelors degree in Accounting, both from nationally respected universities

- Experienced in both strategic and tactical leadership positions in financial operations, technology, government, retail, telecommunications, transportation, and manufacturing industries, both national and international

- Proven performer in challenges requiring vision, innovation and planning; highly adaptive to new environments

CAREER EXPERIENCE

Chief Financial Officer

Persystent Technology Corporation, Tampa, Florida 2006 - 2010

- Responsible for all financial, operational and legal activities of growth stage commercial software (C) corporation. Quickly installed the systems, processes and controls needed to improve investor credibility in corporate financial records. Successfully completed three annual (external) audits without deficiency. Company is now in compliance with all financial reporting and accounting standards as prospective public corporation.

- Completed $11,600,000 in equity rounds to grow company to the next level; involving equity stock recapitalizations, conversions of bridge notes to equity, issuance and subsequent re-sale of preferred equity to outside institutional investors. Responsible for all due diligence and financial reporting required to support private and venture capital investments by 16 different funds, including prospectus equity, bridge loan and venture debt instruments.

- Led $2,000,000 subordinated venture debt round to support rapidly growing company’s working capital demands as privately held growth stage software technology company prepares to take product down market to international, SMB and consumer markets.

- Developed new subscription software licensing that lowers customer price barriers to entry and allows company to maximize benefit to managed service providers seeking term licensing. Company was featured on national channel sales magazine for supporting the emerging needs of outsourced end users and value added reseller partners.

Director of Finance and Operations

Intuit Information Technology Solutions (now Numara Software), Tampa, Florida 2004 – 2006

- Senior director at software company distributing Information Technology solutions for small to midcap businesses, including the world class Track-IT! Helpdesk service management suite and other business IT tools.

- Responsible for leadership of division’s Finance; Order to Cash operations; Information Technology business systems and infrastructure; Technical Support; Professional Services; Supportability; and Training functions.

- Provided all financial and analytical due diligence, debt syndication presentations, etc. required to close leveraged buyout (LBO) of former Intuit Information Technology Solutions division by two private equity firms. Completed over 1,100 transition activities required to stand up new independent private corporation with no disruption to revenue.

- Established broadened controls and high-visibility metrics that improved stability and credibility of company’s Finance and Information Technology departments. Installation of low maintenance business intelligence reporting has allowed division to focus on interpreting their dashboards rather than struggling with generating their metrics.

- Turned numerous manual Order to Cash operations into aligned series of scalable automated processes. The vision to introduce electronic software distribution (ESD) and scalable eCommerce capabilities drove an immediate $750,000 annual savings in Cost of Sales; delivering a significantly improved customer service experience; reducing division workload and distribution cost/order; avoiding additional distribution staff headcount and raising morale of staff previously buried in revenue constraining manual processes.

Director of Information Services

CP Ships Limited, Tampa, Florida 2001 - 2004

- Senior director responsible for Information Technology department with over 400 employees and contractors operating multiple international data centers, supporting over 160 global offices and agencies. Direct financial management responsibility for over $100 million in annual operating and capital investment programs.

- Consolidated international IT staff and all technology resources spread across seven global shipping brands into one organization under central control of Tampa offices. As representative VP Information Services, established strategic and tactical control of over $100 million in legacy and advanced development operations in less than two months. Directly responsible for all budget and resource planning for international IT development and operations.

- Strategic and tactical leadership skills quickly recognized by COO, resulting in a doubling of assigned responsibilities within first six months at international container shipping conglomerate ($2.6 billion revenue). Responsible for strategic rationalization of redundant corporate legacy systems into single corporate technology stack. Recognized by CFO as key to IT department’s $12 million in IT cost reductions and direct contribution to P&L bottom line.

Director of Information Services

Intermedia Communications Incorporated, Tampa, Florida 1998 – 2001

- Combined synergy of financial background with information technology experience to affect a rapid implementation of the PeopleSoft enterprise resource planning (ERP) system at a national telecommunications firm with $1 billion in annual revenues. PeopleSoft expertise spans all financial, treasury operations, purchasing, and inventory modules.

- Held responsibility for strategic planning, budgeting and implementation of telecommunication firm's $75 million information technology development and applications program supporting requirements of over 4,500 employees. Resource management leadership and internal process improvements resulted in budget-to-execution linkage and alignment that earned Intermedia's selection as Tampa Bay's 2001 IT Staff of the Year (TBCIO Council).

- Financial and information technology synergies quickly broadened professional skills along Chief Information Officer (CIO) track aiding in development of CFO skills capable of also managing enterprise corporate IT functions.

Chief Financial Officer

Continental Diamond Corporation, Tampa, Florida 1998

- Managed P&L responsibility for private enterprise with $60 million in annual revenues. Responsible for full range of accounting, treasury operations, budget, information technology and human resource functions, including financial and inventory support of international precious metals manufacturing operations.

- Introduced jewelry wholesale and retail company to operational benefits of financial modeling for improved timing of manufacturing and inventory resource decisions. Reduction in capital requirements provided opportunity to reduce high accounts payable liabilities holding company back from further growth. Improved cash flow and restructured accounts receivable based credit facility through effective timing of payables and treasury planning.

Chief Financial Officer

20th Tactical Fighter Wing, Shaw Air Force Base, Sumter, South Carolina 1996 - 1998

- Financial executive responsible for international accounting and finance shared services operation charged with all public financial reporting, treasury operations, fiscal analyses, and auditing support for foreign and domestic currencies supporting multiple sites in the US and six contingency operations in Europe and Southwest Asia.

- Commanded a 53 member financial operation, providing successful training, motivation, organization and evaluation of supervisory and technical personnel within a four-tier organization. Designed and implemented new policy and procedure standards for personnel evaluations, compensation, insurance and benefit reviews.

- Held pecuniary responsibility for $300 million in special operations funds supporting overseas activities, including full responsibility for foreign currency fluctuation accounting and adjustment reconciliations. Developed financial training program recognized for rapid financial paying agent orientation; model later implemented as national standard for all field paying agent financial operation training programs.

- Received national level award for innovative approach to improved financial customer services, accountability of global currencies, and expanded training of paying agents…with no additional staffing. Redesigned travel expense reimbursement system for overseas customers, reducing settlement times from six weeks to four days through improved use of facsimile, electronic funds transfer and email capabilities.

PRIOR WORK HISTORY

- Director of Congressional Legislative Liaison (CENTCOM) 1992 – 1996

- Congressional Legislative Liaison (HQ USAF) 1990 - 1991

- Senior Programming Analyst, HQ US Air Force Directorate of Force Programming 1989 - 1990

- Senior Budget Analyst, HQ US Air Force Education Programs 1987 – 1989

- Chief Financial Officer, Air Forces Iceland 1986 – 1987

- Assistant Professor, Accounting/Finance & Computer Science (U of MD, Iceland) 1986 – 1987

- Chief, Budget Division, Langley Air Force Base, VA 1985 – 1986

- MBA Graduate Fellow, Air Force Applied Masters Program 1983 – 1984

- Budget Analyst, Advanced Research & Development Programs 1979 – 1982

- Internal Auditor (Securities & Brokerage Div.), EG&T, Dallas, TX 1979

- Field Auditor, General Cinema Corporation 1978

EDUCATION

- M.B.A., Finance and Investments, George Washington University, Washington, D.C. (1984)

- B.B.A., Accounting, Southern Methodist University, Dallas, Texas (1978)

SYSTEMS EXPERIENCE

- Certified in implementation, advanced usage, training and specialized application development of Oracle, SAP and PeopleSoft enterprise resource planning (ERP) and Business Intelligence (BI) applications; Navision, Great Plains and Peachtree Premium accounting systems; Clarify & Remedy CRM systems; Salesforce.com; Hyperion/Essbase, Crystal and nVision reporting systems, including advanced intranet & extranet report server operations.

- Qualified in usage, training and application development in Microsoft Access, Excel, Powerpoint, Word, Crystal, Lotus, dBase, Wordstar, XBBR, RSS, HTML, DHTML, Windows 7/Vista/XP/NT operating systems.

PROFESSIONAL CREDENTIALS

- 2010 Finalist, CFO of the Year of Tampa Bay (Tampa Bay Business Journal)

- National Conference Speaker: Help Desk Institute (HDI), Financial Services Technology Consortium (FSTC), ASMI

- Featured in Publications: Risk Management Association; American Society of Military Comptrollers

- Balanced Scorecard Master, American Strategic Management Institute (ASMI)

- Honorary President, Tampa Bay Technology Leadership Association (TBTLA)

- Recipient, Information Technology Staff of the Year Award, Tampa Bay CIO Council

- Advanced government security clearances for corporate access to federal markets

- Notary Public, State of Florida

Professional References Available upon Request

David Ascani 2809 Winding Trail Drive, Valrico, Florida 33596 - H: 813-***-**** - C: 813-***-****

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