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    Dave Justus

    CFO+ - Board - Investor

    Professional Background

    Dave Justus is a seasoned executive with over 18 years of comprehensive experience in high-level operational roles, primarily in the capacity of Chief Financial Officer (CFO). He has demonstrated exceptional leadership and strategic acumen through his involvement in several successful merger and acquisition (M&A) events, specifically in the software as a service (SaaS) sector. Most notably, Dave led the exit readiness and execution for four lucrative M&A events which culminated in the sale of Avetta for over $500 million, after significantly enhancing the company’s financial profile and increasing its valuation by over 500%. His profound expertise in both operational management and strategic planning has established him as a trusted advisor to various entrepreneurial CEOs and private equity firms.

    Achievements

    Dave's tenure at Avetta highlighted his ability to navigate complex challenges and drive significant organizational transformation. Upon joining, he was tasked with resolving foundational system, process, and personnel issues that had hindered the company. His strategic initiatives led to a revamped resource allocation strategy, which not only positioned the company for scalable growth but also maximized its earnings in compliance with the Rule of 40. He implemented a buy-side M&A strategy that greatly enhanced the company’s market presence and profitability. Additionally, he restructured the finance, accounting, and billing operations teams, implemented strategic partnerships, and drove key exit readiness initiatives that resulted in record valuations during the sale.

    Prior to his successful stint at Avetta, Dave had a remarkable tenure at The Retail Equation (TRE) during some of the most challenging economic times in recent history. Here, he played a crucial role in maintaining profitability amidst the recession by exercising prudent fiscal planning and management. As the #2 executive in the company, he provided counsel to the CEO and Board, leading to an impressive over tenfold growth in enterprise value through two strategic M&A exits to private equity firms. His leadership during this time encompassed a wide range of functions, including pricing strategy, sales contract negotiations, new product development, debt and equity financing, and legislative strategies.

    Dave also possesses an extensive background in public accounting with Arthur Andersen, demonstrating a solid foundation in audit and business advisory services. His strategic development role at Qualcomm included leading a significant international joint venture, further broadening his expertise in global operations.

    Education and Achievements

    Dave Justus earned his Bachelor of Science (BS) degree from the Arizona State University W. P. Carey School of Business, a well-respected institution known for its rigorous business programs. This academic foundation laid the groundwork for his extensive career in finance and operations, equipping him with the analytical skills and business knowledge necessary to thrive in high-stakes corporate environments.

    In addition to his impressive career achievements, Dave has continued to contribute to the broader business community as an Advisory Board Member for various innovative companies. His strategic insights have aided organizations such as Lead5 and Robot Cache, showcasing his commitment to nurturing emerging businesses and helping them achieve growth and success in competitive landscapes. As a CFO and investor at Kareo, he further exemplified his ability to steer financial strategies that enhance organizational value.

    In summary, Dave Justus stands out as a dynamic leader with a proven track record in driving financial performance, operational excellence, and strategic growth. His multifaceted career showcases a blend of hands-on experience in C-level positions, operational roles, M&A, and extensive collaborative engagement with CEO and boards within the private equity sector. His commitment to achieving outstanding outcomes in challenging environments speaks to his strategic mindset and rigorous work ethic.

    Conclusion

    His background in financial transformation, combined with a keen eye for scalable growth strategies, positions him as a valuable asset in any corporate structure. Having successfully navigated significant economic challenges and capitalized on lucrative business opportunities, Dave Justus exemplifies the qualities of a strategic thought leader in today’s fast-paced business environment.

    Highlights

    Apr 8 · Business Wire
    Company Profile for Avetta - Business Wire
    Apr 8 · Business Wire
    Company Profile for Avetta - Business Wire

    Related Questions

    How did Dave Justus transform Avetta's financial profile to achieve a record valuation during its sale?
    What key strategies did Dave Justus implement to ensure The Retail Equation remained profitable during the recession?
    In what ways has Dave Justus contributed to the growth of companies as an Advisory Board Member?
    What led to Dave Justus's successful transition from public accounting to executive roles in the technology sector?
    How does Dave Justus approach M&A readiness and execution in a competitive market?
    Dave Justus
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    Location

    Orange County, California Area
    Location