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Philip Alford

CFO Partner

Philip Alford has served as the Chief Financial Officer and in Operational roles (CEO/COO) of middle market public and private companies in various segments of the technology, consumer products and business services industries. He specializes in corporate turnarounds, financial reporting, enterprise systems, HR management, raising capital, business modeling and cash flow management. He recently served as Acting CFO at a $170 million, privately owned dental products company assisting with strategic options for the company’s growth.During his tenure, the company reduced its debt by 30 percent. He also completed a project with a PEG owned, $50 million logistics company working on enhancing profitability, cash flow management and preparing it for a strategic sale. Prior experience includes, serving as CFO and CAO of Integrated Decision Systems Inc., a $12 million provider of portfolio accounting software for the financial services industry. The company was successfully sold to a strategic buyer. He served as CFO of Data Direct Networks, a manufacturer of storage systems with $25 million in revenue, where he led renegotiation of bank credit lines and implemented a downsizing of the business, enabling the company to survive when investors were no longer willing to support it. Before Data Direct Networks, he was first CFO and later CEO of Tekelec, a publicly traded manufacturer of telecommunications equipment with revenues exceeding $125 million, where his contribution resulted in an average annual growth of 35 percent over a 10-year period. Alford has also held positions of President and CFO of Amalgamated Foods Inc through its Chapter 11 process and CFO of Sonic Cable Television Inc. He started his career at PWC. Alford is a Chartered Accountant and holds a BA Honors in Accounting and Finance.He is an EY Entrepreneur of the Year.

He specializes in managing for growth, corporate turnarounds, financial reporting, enterprise systems, HR management & compensation plans incl options, raising capital (debt and equity), business modeling incl budgeting and cash flow planning. Experience with IPOs and Secondary offerings, M&A transactions, Chapter 11 proceedings.