Paul McDermott is a consultant who has held CFO roles at several venture or private equity-backed high technology hardware and software companies including Sepaton, Network Intelligence Corporation, Firepond, Inc, and ServiceWare Technologies. Most recently he served as VP of Finance of Cold Chain Technologies – a manufacturing organization. He also served as the controller and chief accountant at SEC registrants Legent Corporation, Sonus Networks, and Xura Inc.
As CFO he oversaw finance and accounting, treasury, human resources, information technologies, facilities, and legal functions. At Firepond he successfully concluded an initial public offering, and at Sepaton and Cold Chain Technologies sales of the enterprises to third parties. At early-stage organizations, ServiceWare, Network Intelligence Corporation, and Sepaton, Paul raised multiple rounds of venture capital to finance their rapid growth. He has extensive experience in SEC filings, mergers and acquisitions, international business, systems, and financial planning.
During his three years as CFO of Network Intelligence, a computer security company, Paul effected significant change in the organization – transforming it from a sole proprietorship to a venture-backed technology company poised for an investor exit. He published a compendium of business policies and standard agreements across the enterprise that drove product margins, raised venture capital, and built out the systems and infrastructure in order to scale the business.
Paul has served on a fractional basis for multiple SaaS organizations. He has been responsible for developing their financial and business plans, streamlining their accounting and reporting processes and systems, helping to raise capital, launch a product line, and in one instance, helping an organization get its house in order and file for an IPO.
Paul holds a bachelor’s degree from Duquesne University and an M.B.A. from the University of Pittsburgh. Earlier in his career, he practiced in public accounting, most recently with PriceWaterhouseCoopers, and he maintains his current CPA license in Pennsylvania.
For further information, Paul can be reached at (508) 887-6520.
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