TechCFO Expansion Leads to Establishing a San Francisco Office

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TechCFO names John Simonelli to head up new West Coast office

TechCFO, a leading provider of outsourced CFO-level financial and management services for emerging growth companies, today announces the opening of its newest office in San Francisco and the appointment of John Simonelli as the Managing Partner to head up the newly established practice.

Mr. Simonelli has extensive public and private company financial management experience. He has over 23 years of experience in the ecommerce, media and finance industries, including stints in corporate finance, capital markets, operational finance, treasury, and accounting. Most recently, John held the position of Chief Operating Officer and Chief Financial Officer for Looksmart, a publicly traded internet advertising services company.

Prior to Looksmart, John served as Chief Financial Officer of Gap Inc. Direct, the company's online division. Prior to joining Gap, he was the Chief Operating Officer and Chief Financial Officer of Business.com, a business-focused search engine and directory. John honed his finance skills in the media and financial sectors serving as Vice President of Corporate Finance at The Walt Disney Company and Vice President, Private Debt Finance with Citicorp. John began his professional career with Deloitte where he earned his CPA. John holds a B.S. in business administration from the University of Notre Dame.

"The addition of John Simonelli is in direct response to the rising demand TechCFO is seeing for its services among a growing number of startup and established technology companies in the Bay Area," said J. Kent Elmer, Managing Director of TechCFO. "Establishing a San Francisco office continues TechCFO's national expansion and complements our existing presence in Atlanta and Boston. TechCFO's growth plans focus on those areas of the country with the greatest concentration of venture and private equity backed technology companies," added Mr.Elmer.

About TechCFO
TechCFO provides comprehensive business infrastructure services, including executive level financial management, project management and staffing, accounting systems and support, human resource and administrative services to emerging and established technology organizations. TechCFO professionals have extensive experience with critical business and financial issues in the software, technology, healthcare IT, and life sciences industries. TechCFO enables businesses nationwide to focus on core competencies by providing flexible, customized professional services. For more information, please call 866.962.4CFO or visit http://www.techcfo.com.

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Kent Elmer
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