Michael Borton

Work History

Work History

Finance Manager, Seismic

FINANCE MANAGER,, North and South America Division (Houston)

Assistant Controller, Seismic


Financial Services Controller, Seismic

Schlumberger Ltds
London, England, Paris, France, Houston, TX and Ann Arbor, MI-Oilfield service company. FINANCIAL SERVICES CONTROLLER, Seismic(Geco-Prakla), (London, England)

Group Controller

Landmark Graphics
Houston, TX-Integrated software and consulting company for oil and gas software. Acquired by Halliburton in. GROUP CONTROLLER, LANDMARK GRAPHICS CORPORATION, Accountable for business and financial operations of the worldwide software development and services organization. Key management member in the transition of the $50M NASDAQ company to $300M company in five years. Selected as one of 24 individuals among 90, 000 Halliburton employees worldwide to participate in a one year President's executive leadership development program for outstanding employees-only two with Finance backgrounds. Investigated and acquired(including negotiation, due diligence and closing) 10 outside software companies and products for inclusion into the product family(develop-versus-buy decisions). Integrated several acquisitions into the Landmark culture of product development, sales, services and business practices. Drove transition from a perpetual license to an enterprise license mode(subscription) and logistics role in the MSF development model, as chairman of pricing committee.

Director of Operations and Finance

Digital Commerce
Herndon, VA-Provider of ecommerce solutions for the business to government market including web hosting and software(FedCenter.com and StateGovCenter.com). Joined former CFO, Corporate Controller and CIO of Landmark Graphics. DIRECTOR OF OPERATIONS AND FINANCE, Reported to and worked with COO and CFO on all financial operational and accounting issues. Developed and presented the business model for the Series D funding, IPO and analyst presentations. Key member of the teams that completed the $50M Series D funding and the filing of S-1, answering the SEC questions, analyst meetings and road show presentations as part of the process of going public.

Deputy Assistant Cfo/vice-President, Production Management

Boston, MA and London, England(Commuted)-Global leader in software and information systems solutions to the oil and gas, pulp and paper, utilities, petrochemical, food, beverage, dairy and pharmaceutical industries. DEPUTY ASSISTANT CFO/VICE-PRESIDENT, PRODUCTION MANAGEMENT Oversaw division's Treasury and Cash Management process and controls to improve cash flow and working capital. Managed audit relationship for statutory and fiscal audits around the world(E&Y), integrated businesses and acquisitions into the PMD division, including culture and process. Implemented financial focus to tracking sales pipeline from bid through completion. Formulated strategy and implementation plans for outsourcing and global shared services organization.

Corporate Controller

Atrion International
Reston, VA-Provider of end to end international export/import compliance software solutions and expertise for the high-tech, pharmaceutical, energy, chemical and consumer product industries. CORPORATE CONTROLLER, Managed accounting organization with a focus on implementing the processes and controls needed for potential IPO. Company purchased within several month of joining by ClearCross, a New York-based company.

Chief Operating and Financial Officer

risk Management BV
CHIEF OPERATING AND FINANCIAL OFFICER Managed over 1, 000 employees, including Call Center Operations, IT, HR and Quality Assurance. Sold the company via an asset sale without using an investment banker. Completed ISO 9001 Certification process in less than one year, a key customer(BMW) requirement. Implemented customer margin, metrics and productivity measurements for each customer. Completed and received a clean audit opinion for three years on uncompleted delinquent audit.

Chief Financial Officer

risk Management BV
Consul (acquired by IBM), Herndon, VA-International provider of automated IT security audit and compliance management software to the Global 2000, with over 350 customers in over 30 countries addressing Sarbanes-Oxley, HIPAA, Basel II, and Patriot Act. Venture funded by Softbank, Fortis, Dresdner, Nesbic and founder. European Board and reported in Euros under US GAAP. CHIEF FINANCIAL OFFICER Hired into turnaround mode seeking to position for sale. Focused on reversing losses, increasing market share within the US, streamlining processes, eliminating redundancies and securing new funding sources. Improved company from a 15% loss to 10% + net income on increasingly larger deals with AmEX and ACS. Implemented policies, process improvements, cash management tools and product line reporting. Resolved historical US sales tax issues, transfer pricing, reseller agreements, outsourcing development and customer support, partnerships with BMC and Sun and embedded royalty/reseller relationships. Closed debt funding in the US of $5 million for the US subsidiary Completed complex due diligence(Europe and US teams) for sale to IBM and retained by IBM as Consul's lead transition executive for all integration activities across all functions. Signficant shareholder value created by the acquisition by IBM and competitive sales process. Planned company transition from NL Euro-based entity to a US Delaware corporation. iSKY Corporation(acquired by TRG International), Laurel, MD-International company providing customer relations care management for“ Global 1000” companies. Investors included GE, InterPublic Group, Internet Capital Group, Advanta, Gilbert and founder.

Chief Financial Officer

CHIEF FINANCIAL OFFICER Recruited to aid in transition from founder led financial management and accounting to US GAAP. Completed successful first audit following conversion to US GAAP. Closed acquisition of a SaaS-based BI company in California.


risk Management BV
Obtained add-on Series A funding in (Grotech). Implemented business and cash planning model and simplified pricing structure. Consul (acquired by IBM), Herndon, VA-International provider of automated IT security audit and compliance management software to the Global 2000, with over 350 customers in over 30 countries addressing Sarbanes-Oxley, HIPAA, Basel II, and Patriot Act. Venture funded by Softbank, Fortis, Dresdner, Nesbic and founder. European Board and reported in Euros under US GAAP.

Chief Financial Officer

New Market Entry: Facilitated
CHIEF FINANCIAL OFFICER Brought in by investment group to remedy seriously distressed situation— zero liquid cash, customer and founder litigation and solvency issues. Key involvement in transforming from founder to CEO leadership, touching on all aspects of the portfolio company, including products, business processes, IT, accounting and reporting processes and organizational structure. Positioned company for sale, with six finalists bidding in a successful sale. Transitioned revenue stream from custom development/perpetual licenses to 84% of revenue being recurring(SaaS), 96% + retention rate and margin improvement from 61% to 78%. Cited by Deloitte as FAST 500 Company for revenue performance and growth as part of turnaround. Turned around EBITDA from a loss of $4. 8 million to 25% of revenue for 2014 on revenue mix and expense control Bolstered company reputation leading to winning six straight Federal and State RFPs for Long Term Care(Aging and ID), funded by Affordable Care Act, against larger competitors including IBM, MSFT, HP, Deloitte, CGI and Cognizant. Company tripled the Annual Recurring Contract Value from $8 to $24 million. Negotiated new complex bank financing with two banks to payoff acquisition debt, avoiding further dilution. Implemented new Freedom and Responsibility culture, which enhanced employee morale and accountability Completed the integration of Synergy acquisition, which included a product re-write and customer transition Successfully led company to liquidity event with multiple offers, selling company for 5 times book value LogiXML, Mclean, VA-Global provider of Business Intelligence Software. Venture funded by Updata, Grotech and founder.




Valparaiso University


Indiana University



Certificate of Management Accounting