Blue Belt Technologies, Inc., a Carnegie Mellon University spin-off company, was formed in 2003 to commercialize novel device solutions for medical interventions. In September 2009 it received Series A funding to Advance Development and Release of a handheld, Computer Assisted Bone Cutting Device. (http://www.bluebelttech.com/)
In October 2009 Denis started working with Blue Belt Technologies as a CFO for Hire. He handled the due diligence and supported other transaction related efforts that lead to a significant investment by a private equity group in January 2011. Story at: http://www.bizjournals.com/pittsburgh/blog/innovation/2011/05/blue-belts-mystery-investor-is.html?ed=2011-05-27&s=article_du&ana=e_du_pub
“Denis was a valuable member of the Blue Belt Technologies team and provided his expertise across a number of functional areas. He professionally addressed the traditional CFO responsibilities and brought real value to the table in the form of his operational and transactional experience. His work ethic and commitment are unparalleled.” Craig Markovitz, CEO and co-founder of Blue Belt Technologies
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reCAPTCHA, Inc was a 2008 spin off from the Computer Sciences department at Carnegie-Mellon University (www.recaptcha.net/).
In April of 2009 Denis starting working with reCAPTCHA to help build the company. On September 16, 2009 Google acquired reCAPTCHA. Denis supported reCAPTCHA through the acquistion and due diligence process. Here is what the key reCAPTCHA people had to say about his work:
"Denis was a great financial advisor! He was always available, very hard working, and knowledgeable".
Luis von Ahn, CEO and co-founder of reCAPTCHA, Inc. and Assitant Professor of Computer Science at Carnegie-Mellon University
"Denis was a tremendous help to us as part-time CFO and an experienced and confident voice on all business issues. He saved us time and money."
Mike Crawford, CFO and co-founder of reCAPTCHA, Inc.
A couple of news stories on the acquisition:
http://googleblog.blogspot.com/2009/09/teaching-computers-to-read-google.html
http://www.cmu.edu/news/archive/2009/September/sept16_recaptcha.shtml
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IBACOS is a pioneering source of Consulting Services and Research for the U.S. homebuilding industry. They help builders address issues in the field so they can deliver better homes today and conduct forward-thinking research that leads the industry to great homes tomorrow. (www.ibacos.com/). Denis helped them renew their office lease and here is what they had to say about his work:
"Having met Denis and shared ideas for how we might work together to improve our operational efficiency and financial performance it was clear that his experience could assist IBACOS with an immediate need, the renegotiation of our office space lease. After several weeks that began with interviewing our owners and assessing our current lease, included frugal but effective market research, and ended with thrifty negotiations IBACOS has renewed our current lease without any additional price increase while gaining an option to terminate a portion of the lease should we need to 50% into the term. Given the industry IBACOS serves, having a fixed price over 5 years and a degree of flexibility is very beneficial. Denis' involvement saved IBACOS $50,000 and while securing an option that could save the Company an additional $120,000."
Glenn Cottrell, Director of Operations
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