He and the team he installed have worked diligently to not only weather the economic downturn but also to fund our expansion initiatives, streamline the business from top-to-bottom, instill a culture of operational excellence, and drive Apptix to profitability.
Herndon, VA (PRWEB) March 12, 2010
Apptix (OSE: APP), the leading provider of hosted Microsoft Exchange email, Microsoft SharePoint, and VoIP services for businesses worldwide, today announced that the company’s Chief Financial Officer, Chris Mack, has been named to Washington SmartCEO Magazine’s 2010 SmartCFO list.
SmartCFOs are recognized for the crucial role they play in the success of their business – making decisions to help their companies excel. Washington SmartCEO Magazine recognizes CFOs who have gone above and beyond to maintain the financial integrity of their company.
Over the last two years as CFO of Apptix, Mack has proved himself a master of executive leadership, financial management, and resourceful financing. In spite of the difficult financial climate, Mack completed two equity placements, restructured the company’s working capital facilities, and secured capital lease financing to fund Apptix’s growth strategy.
Mack’s leadership has lead to a significant transformation in Apptix’s profitability position including:
- Six consecutive quarters of increasing positive EBITDA
- Positive EBIT in Q4 2009
- Overall positive cash flow in Q4 2009 (excluding the redemption of a convertible bond)
- 2009 year-to-date positive cash flow from operations
“We are thrilled that Chris’s hard work has been recognized and earned him a listing as one of Washington’s SmartCFOs,” says Dave Ehrhardt, President & CEO of Apptix. “He and the team he installed have worked diligently to not only weather the economic downturn but also to fund our expansion initiatives, streamline the business from top-to-bottom, instill a culture of operational excellence, and drive Apptix to profitability.”
All SmartCFOs will be profiled in the April issue of Washington SmartCEO Magazine and recognized at an awards event on April 21, 2010. The SmartCFOs will also be listed on http://www.smartceo.com.
Headquartered in Herndon, Virginia, Apptix (OSE: APP) is the leading provider of business-class hosted email, voice, and collaboration services for 200,000 users worldwide. A pioneer in the hosted services space, Apptix and its MailStreet subsidiary offer a variety of communications and IT services including: Microsoft Exchange plus Outlook Voice Access; VoIP; Microsoft SharePoint; Web conferencing and secure Instant Message and Presence via Microsoft Office Communications Server; Online Backup by EMC's Mozy; mobile email (including BlackBerry, Palm, Android, Windows Mobile, and iPhone); compliant archiving; and a Web presence solution that includes domain registration, DNS hosting, and Website hosting. Apptix is a Microsoft Gold Certified Partner for Hosting and Application Services. Apptix is recognized as one of the CRN 2009 & 2008 Fast Growth 100, Deloitte's 2009 & 2008 North American Technology Fast 500, Software Magazine's 2009 & 2008 Software 500, Washington Business Journal 2009 & 2008 Fastest Growing Companies, as a finalist in the Customer Service and Product Departments categories for the 2009 American Business Awards (Stevie Awards), and as a 2009 Microsoft Worldwide Partner Conference Awards finalist in the Unified Communications Solutions category. For more information, visit http://www.apptix.com or follow at http://www.twitter.com/apptix.
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