LEN CHERMACK

Member of the Board, asked to take Interim CEO position due to many successful past  turnarounds in software. Shareholders ousted former CEO who used company as an ATM machine. 
02/2020 - Fixes included negotiate with SEC( Settled with SEC so Company can relist when ready), IRS negotiations and other legal matters to correct the Company and raise funds to fix. Pursued and successfully litigated suits against former Board and CEO ( $23M)

Businesses include NOW Solutions, leading HR platform that addresses most difficult payroll types with formulation model. Companies include many government, healthcare and manufacturing companies. Ploinks, a secure peer to peer security software tool set.

Our Team delivers capital, strategic and channel partners, talent to  rapidly accelerate companies ready for a series A or Private Equity infusion.
Advising CEO's and CFO's on strategic funding partners through our global network of Family Offices, VC's and Private Equity partners. Assist portfolio including strategy, funding and mentorship.
02/2020 - Current

Naya Ventures, RackN, OpsRamp | Dallas, • Assisted portfolio companies to build reliable revenue forecasts for Austin, San Jose introduced key partnerships, secured key funding and revenue for SaaS, AI
Interim CRO, Shadow CEO, Portfolio and Enterprise Software Start-ups.
Growth Advisor • Helped portfolios grow top line revenue, improve operations, and position
08/2014 - 01/2020 for Fund Exit.

• Assisted GP's in several M&A exits.

Reworking contract terms resulted in new sales revenue growth of over
Denver, CO $265k to $1.1M in first 4 months from prior year Qtr. To Qtr.
Interim CEO • Recruited to Position Company for sale. Company founders would not
12/2013 - 08/2014 comply with GAAP, resigned.

Frisco, • Self -funded Start-up Healthcare IT Social Network with integrated
Texas HIPAA-compliant Private Cloud SaaS and Mobile platform
CEO, Co-Founder Connect2Health.
05/2011 - 11/2013 • Secured (38) new customers for Connect2health, including prestigious St.
Jude's Medical.

for the SMB mashing financial data from on-line banking, accounting
11/2007 - 05/2011 software (Sage, Intuit, and MS Dynamics etc.) and delivers real-time mobile
financial alerts.

• Reposition the Company message, set strategy, and secured (3) global accounting channel partners (governments)

AI driven IoT/ RFID software company by setting a strategy
Board Director and implementing plans to transform and revitalize operations,
05/2005 - 10/2007 capitalizing on emerging RFID/IoT trends.

• Led change management growing revenue from $300k to over $5M in 14 months to become recognized as #1 IoT/RFID Company delivering Edge

solutions to world's largest supply chains including the DOD,
FloraHolland, NAVIS (Port Management Software Company); Cardinal
Health, Bayer embedding early AI decision processes real-time at the edge.

 • Turnaround of SMB based CRM solution Transitioned Company doubling revenue and listed as Top 8 CRM for SMB Mfg.

• Merged with Syspro.

• Managed global $750M P&L., grew revenue ($200MM) from -$100MM in red to over $100m in first year with the strategy.
• Worldwide President and Managing Board brought in by $13B parent Invensys

• Strategically Engineered Largest personal turnaround, Baan (now INFOR)
• Strategy and New Direction instantly endorsed by the analysts who favored our new strategy and brand messaging, announcing "Baan is Back" globally (132 Countries).

• Successfully trimmed 30% in global expenses and put Baan back to break even and profitability in first year.

• Recruited by CEO to turnaround Company's $60m/300 person consulting
organization for Baan ERP, e-business, and CRM.

• Developed and implemented strategic marketing plans, sales plans and Manager forecasts to achieve corporate objectives for products and services.

• Raised $10MM in Strategic Money from Singular Greece.

• Asked to join Baan as WW President.

• Grew MAS 90 Revenue from $34m to over $74m in 11 months.

• Restructured channel where top reseller contributions rose from $200,000
to over $1 million in revenue.

• Stock prices grew from $6.50 to $22.00 per share months based on MAS 90 results creating $267 million M&A offer UK based Sage PLC.

Loyola Marymount University | Los Angeles
Bachelor of Science in Economics