Connecticut Innovations Names Pauline Murphy Chief Operating Officer

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CI veteran to oversee operations as part of CI’s senior leadership team

Pauline Murphy, COO

Pauline will play a critical role in enabling the organization to continue to grow and fulfill its mission.

Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut's innovative, growing companies, today announced that Pauline Murphy, formerly a senior managing director, Investments at CI, has been appointed to chief operating officer. As part of her new role, Murphy will be a key participant in the budget and planning processes and will be a member of the CI Operations Executive Committee.

Murphy will be responsible for the efficiency and effectiveness of CI’s operations, including information technology, human resources, planning and analysis, compliance, and facilities. In this position, she will lead continuous quality improvement projects, particularly those that include more than one functional area, such as the valuation process. In addition, she will work with business lines in the implementation of any new product or service to ensure each is well coordinated with other departments and internal processes.

“Pauline’s extensive experience in operations and process improvement techniques makes her uniquely qualified to be CI's chief operation officer,” said Claire Leonardi, CEO of CI. “Pauline will play a critical role in enabling the organization to continue to grow and fulfill its mission.”

Murphy joined CI in 2002 as controller and most recently was a senior managing director on the venture team, where she was responsible for initiating and closing deals, and managing the investment associates and investment team support staff at CI. Additionally, she oversaw the development and implementation of internal and external software solutions and CRM tools. Murphy has led investments in several companies and three of the former CI portfolio companies that Murphy was involved with have been acquired: CGI Pharmaceuticals, Nufern and Premise Corporation. A fourth company, CiDRA Corporation, has successfully sold its oil and gas metering business segment.

“Achieving operational excellence in an organization can have a profound impact on investment opportunities,” said Murphy. “I’m looking forward to focusing on this area and working with the CI leadership team to continue to strengthen and grow the organization.”

Murphy currently sits on the following boards: deets, inc.; Environmental Energy Services, Inc.; eTouches; Sustainable Real Estate Solutions, Inc; and XLerant, Inc. Prior to CI, she was a senior financial professional with an early-stage software development company, and she started her career at Ernst & Young, LLP. Murphy graduated magna cum laude from the University of Connecticut with a degree in accounting, and is a certified public accountant (CPA).

About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut's innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; flexible loans for established companies with new innovations; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. Through all these initiatives, CI has helped bring $4 billion in financing to Connecticut companies. The state’s most active early-stage investor, CI has created more than 26,000 jobs. For more information on CI, please visit http://www.ctinnovations.com.

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Kelsea Michael
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