TechCFO Adds Two New Partners to Atlanta Office

(PRWEB) July 10, 2008 -- TechCFO, a leading provider of outsourced CFO-level financial and management services for technology and biotechnology (http://www.techcfo.com) companies, today announced the addition of Eric J. Froistad and Mark Rapoport as the latest partners to join the Atlanta headquarters office.

Froistad joins TechCFO with nearly 30 years of senior financial and operating experience with both public and private companies, including TSYS Loyalty, Alignis and New World Communications Group. Froistad will help TechCFO expand on its on-demand CFO, turnaround, and M&A advisory services for fast growing tech and biotech firms. Froistad has closed more than $17 million in equity and debt financing, led financial turnarounds and positioned companies for mergers with large competitors. He has also played an instrumental role in a $2 billion capital restructuring and subsequent IPO and acquisition of over $1.5 billion of operating properties for New World Communications. Froistad is a Certified Public Accountant (CPA) and earned his B.S. in Accounting from the University of Colorado.

Rapoport also joins TechCFO with an impressive 26 year track record of executive financial and management experience, most recently as President, CEO and Director of Thomas, Thomas and Walsh, (TT&W) a privately held healthcare revenue cycle management company. Previously, Rapoport served in executive financial and management positions with private and publicly traded companies including Landacorp, iXL, BellSouth and Dial Call, a start up cellular company purchased by Nextel. His experience includes raising $7.4 million in venture capital to acquire and grow TT&W, and as COO/CFO of Landacorp, he improved cash flow from a negative $9.5 million to a positive $5.0 million per year via cost reductions and investments in technology. He started his career as a Certified Public Accountant (CPA) at KPMG. Rapoport earned his M.B.A. from Emory University, and a B.A. in Economics from State University of New York at Binghamton.

"We are pleased to continue our strong growth in the Atlanta market with the addition of Eric and Mark as partners," said Kent J. Elmer, managing partner of TechCFO. "The Atlanta market continues to be one of the strongest in the country for software, technology, healthcare IT, and life sciences companies. We continue to provide the highest level of financial leadership expertise to companies in these sectors, through the addition of partners like Eric and Mark."

The addition of Froistad and Rapoport is in direct response to rising demand TechCFO is seeing for its services among a growing number of startup and established software, technology, healthcare IT, and life sciences companies in the Atlanta market.

For detailed biographies on Eric J. Froistad and Mark Rapoport, along with TechCFO's other partners, please visit: www.techcfo.com/partners2.html.

About TechCFO:

TechCFO provides comprehensive business infrastructure services, including executive level financial management (http://www.techcfo.com), project management and staffing, accounting systems and support, human resource and administrative services to emerging and established technology organizations. TechCFO professionals have extensive experience with critical business and financial issues in the software, technology, healthcare IT, and life sciences industries. TechCFO enables businesses from Boston to Atlanta to focus on core competencies by providing flexible, customized professional services. For more information, please call 678.636.0000 or visit http://www.techcfo.com.

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