The D.C. metro-Baltimore corridor has been a prized market for us since TechCFO was created
Potomac, MD (PRWEB) February 16, 2010
TechCFO, the fastest-growing provider of outsourced CFO services in the U.S., today announced its entry into the Washington, D.C. metro market, and also announced the appointment of Rick Rolandi as the firm’s Managing Partner for the Mid-Atlantic region.
“We target our expansion in regions with the greatest concentration of venture and private-equity backed technology companies. The D.C. metro-Baltimore corridor has been a prized market for us since TechCFO was created,” said J. Kent Elmer, Managing Director of TechCFO. “Our challenge was finding the right partner to run our operations here. Rick Rolandi meets and exceeds all of our requirements. He is a dynamic and incredibly experienced executive.”
Mr. Rolandi brings more than 30 years of financial and operational leadership with a proven track record of execution, having served as CFO for both venture backed private software companies and public technology companies.
Mr. Rolandi’s recent experience includes overseeing the financial strategy, capital structuring and profit improvement of Vovici, a SaaS based provider of on-line survey solutions. Prior to Vovici, he served as CFO of Softek Storage Solutions Corporation, a leading provider of data migration software where he was responsible for overseeing the finance, legal, information technology, and human resources business functions. Softek was acquired by IBM in 2007.
Previously, Mr. Rolandi served as CFO of DataDirect Technologies, where under his leadership the Company's first two fiscal years as an independent company resulted in consecutive year-over-year increases in revenues and profitability, while also generating over 30% operating cash flows. DataDirect was acquired by Progress Software in 2004. Other prior experience includes roles as the CFO of Landmark Systems and Data Measurement Corporation both of which were publicly traded. Mr. Rolandi holds a bachelor's degree in industrial engineering from Stanford University and an MBA from Harvard University.
“For tech, this region is probably known first for telecom, digital media, and IT/Networking companies, but there is a rapidly developing community in biotech, health care and software,” Mr. Rolandi said. “The diversity of the market is what makes it so appealing.”
In 2009, TechCFO was named #201 on the Inc magazine List of America’s 500 Fastest-Growing companies and was #19 in the Business Products and Services category.
TechCFO is an executive services firm that provides experienced CFOs and senior finance professionals to deliver project and part-time financial and strategic services. With offices in Atlanta, Boston, Research Triangle Park and San Francisco, TechCFO was recently named to the Inc. 500. TechCFO combines deep practical experience, comprehensive resources and best-of-breed practices to deliver objective, high-value financial and management consulting services for private, venture-funded and publicly-traded businesses through all stages. TechCFO professionals have extensive experience with critical business and financial issues in the software, technology, and life sciences industries. TechCFO enables businesses to focus on core competencies by providing flexible, customized professional services. For more information, please call 1.866.962.4CFO or visit http://www.techcfo.com.