VCFO® Expands to Seattle

Firm taps founder and president of CFO Pro Tem to lead new office

SEATTLE, Wash. and AUSTIN, Texas – Feb. 23, 2007 – vcfo Inc., the leading professional services firm delivering financial and HR solutions, has opened its fourth office in Seattle, Washington.

The Austin-based company tapped industry veteran Jerry McGuire to lead the new office as managing director. Prior to vcfo, McGuire spent 17 years as founder and president of CFO Pro Tem, and served as an interim chief financial officer in the Greater Seattle area. McGuire has helped companies raise more than $100 million over the course of his career.

“I am excited to lead vcfo’s Seattle office and build the company’s presence on the west coast,” McGuire says, “With the assistance of a well-established organization, my team and I will have the opportunity, resources and support to serve a large spectrum of Seattle area
businesses.”

McGuire anticipates hiring 10 to 12 employees in the coming year, about half of which will be brought on in the next six months. He’s seeking CFOs, controllers and staff accountants.

vcfo executives say the decision to open a Seattle office was multi-faceted. “The city’s open business community and healthy economy were things that had great appeal. In addition, we found an incredible person to lead the office,” says Ellen Wood, chief executive officer of vcfo.

Specifically, Scott Killingsworth, chief operating officer of vcfo, notes McGuire’s proven management experience, professionalism and track record in leading young businesses to profitability. McGuire has assisted in the success of more than 30 business enterprises over the course of his career in the finance industry.

The new Seattle office is pleased to announce its first four clients, including:

  • Forte Design Systems – a San Jose, Calif.-based software company that helps chip designers achieve greater functionality and performance during production design.
  • Ceptyr – a Redmond, Wash.-based biotech company that creates new drugs to combat diabetes and obesity.
  •  Cardiometrix Inc. – a Seattle, Wash.-based medical device company that is developing an implantable devise to manage congestive heart failure.
  • Telrex – a Kirkland, Wash.-based software company that handles call recording and monitoring services for small and medium businesses using VoIP, such as financial institutions required to record calls for legal reasons.“We look forward to serving the Seattle business community with financial and HR related support,” says Wood.

About Jerry McGuire

Jerry McGuire has assisted in the success of more than 30 business enterprises over the course of his career. From 1990 to 2006, McGuire served as president of CFO Pro Tem, a financial services consulting firm he founded. During that time, McGuire helped guide the success of a number of technology companies in the Northwest, including: Ceptyr Inc., Darwin Molecular, Similring, Cozi, Quintessant Communications, Activate.net and others.

Prior to CFO Pro Tem, McGuire was the vice president of SeaMed Corp. and a consultant with Deloitte Haskins and Sells.

McGuire has an MBA from the University of Southern California and is a Certified Public Accountant. During his free time, McGuire enjoys fly fishing, bicycling and playing guitar and electric base.

About vcfo Inc.

vcfo Inc. is the premier provider of financial and human resources services for companies ranging in size from emerging to public companies. Acting as a trusted advisor to the CEO and Management Team, vcfo team members apply their extensive best practices and proven methodologies to help solve the most complex financial and operational needs of clients.

Tapping into the collective experience and expertise of more than 80 highly skilled CFOs, Controllers, Staff Accountants, and HR Professionals on their team, vcfo is uniquely qualified to help clients ensure the appropriate infrastructure and best practices are in place to grow their businesses. vcfo has over 700 clients to date and is based in Austin, Texas with regional offices in Dallas, Denver and Seattle. For more information, visit (www.vcfo.com).