NVTC Announces Greater Washington Technology CFO Award WinnersAnnual Signature Event Recognizes Local Area Leaders that Help Companies Achieve and Maintain Growth
HERNDON, Va. June 4, 2009 - The Northern Virginia Technology Council (NVTC) announced today the winners of the 13th Annual Greater Washington Technology CFO Awards held last night at The Ritz-Carlton in McLean, Virginia. The CFO Awards recognize local Chief Financial Officers and Financial Executives for outstanding achievement and excellence in promoting the area's technology community over the course of 15 months. In addition, The Washington Post Co.'s John B. (Jay) Morse, Jr. was honored as the winner of the Michael G. Devine Hall of Fame award for his significant contribution to the development of the CFO Awards and for being a technology leader in the regional community.
Nominations were gathered for four categories: Public Company CFO of the Year, Private Company CFO of the Year, Group/Division CFO of the Year and the Community Service Award, as well as the Michael G. Devine Hall of Fame award. The winners are as follows:
Public Company CFO of the Year: Jim Rallo, Liquidity Services, Inc. (LSI) – As the CFO and Treasurer of Liquidity Services, Inc., a leading online auction marketplace for wholesale, surplus and salvage assets, Jim completed the acquisition of GovDeals and its online auction marketplace govdeals.com to increase the company's market position in the state, city and local government sectors. Other accomplishments in 2008 included completing the acquisition of the Geneva Group, being involved with a surplus contract with the Department of Defense, leading the effort with the LSI's CEO to streamline their commercial division's operations and increase operating throughout the company's national network of distribution centers.
Private Company CFO of the Year: Jim Tholen, BroadSoft, Inc. – With over 20 years of financial and strategic management experience, as CFO Jim oversees BroadSoft's financials, accounting and risk management operations. In 2008, Jim orchestrated two acquisitions of the Company's largest competitors. With these acquisitions, BroadSoft, a developer of Voice over IP (VoIP) application software for telecommunication service providers, now has close to 50 percent market share in its industry. In addition, Jim was responsible for several multi-million dollar contracts with a number of the world's largest telecommunication providers and grew the business during the last year to over $60 million.
Group/Division CFO of the Year: Dick Galanis, Serco, Inc. – In his role as CFO at Serco, a provider of professional, technology and management services to the federal government, Dick is responsible for overseeing the company's financial management systems and process, while supporting acquisition integration. His more than 30 years' experience with large growth companies in the federal contracting sector proved valuable during the Company's acquisition of SI International last year. In 2008, Dick helped increase revenues by 14 percent versus FY07. In addition, he helped bring about a free cash flow improvement of 108 percent and profitability improvement of over 32 percent.
Community Service Award: Joel Kallett, Houlihan Lokey – As Managing Director of Houlihan Lokey's Washington, D.C. office, Joel is responsible for leading the Business Services Group of this international investment bank. In addition to his responsibilities at the firm, Joel has devoted his time the last four years and has served as the Chairman for the Greater Washington Area Advisory Board of Childhelp since 2007. Childhelp is a non-profit organization founded in 1959 to promote the prevention and treatment of child abuse. Over the course of 2008, Joel raised awareness and marshaled financial resources for Childhelp's Virginia location — Childhelp Children Center of Virginia — a public/private partnership that provides services for the efficient and effective intervention of child abuse.
Michael G. Devine Hall of Fame Award: John B.(Jay) Morse, Jr. – For 19 years, Jay was The Washington Post Co.'s chief financial officer and senior vice president until 2008 when he officially retired from the company. Morse has been a champion of the Greater Washington Technology CFO Awards. He served as a judge for eight of the 13 years the awards have been in existence and has been instrumental in building the awards gala into the premier CFO event it is today. Jay has been praised by his colleagues for his commitment to excellence and his exacting detail when choosing nominees, finalists and winners. He has also mentored technology CFOs in the past decade.
During his tenure at the company, he was responsible for technology, investor relations, treasury and investment functions, as well as tax, audit and accounting areas. A long-standing member of the Washington area business community, Jay began his career as partner at PricewaterhouseCoopers (PwC) where he worked with publishing and media companies, as well as multimedia lending institutions. Jay also sits on several boards of public companies that include Host Hotels and Resorts (NYSE: HST), AES Corporation (NYSE: AES) and Home Shopping Network (NASDAQ: HSN). He served as a Board Member of NVTC as well.