AssureNet Appoints Christopher D. Kaine CFO; Corporate Finance and Venture Funding Experience Tapped to Accelerate Growth.Business Editors/Hi-Tech Writers BETHESDA, Md.--(BUSINESS WIRE)--Oct. 24, 2000 AssureNet, Ltd., a leading vertical application service provider (ASP) for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, recently announced the appointment of Christopher D. Kaine as chief financial officer (CFO See Chief Financial Officer. ). Kaine's financial abilities, ASP experience and broad contacts in the venture capital arena will be beneficial in AssureNet's funding and expansion goals as he oversees control of the company's financial management operations. "Chris's extensive experience in securing venture funding is of great value to us as we grow to provide the insurance industry with more efficient and cost-effective processes," said Donald L. Roth, president of AssureNet. "His financial talents and early-stage technology experience will help us build out our business model. This will increase our ability to effectively serve the hundreds of thousands of professionals in the financial services industry." As AssureNet explores funding opportunities to augment the previous $1.35 million received from C & S Capital, Kaine will play an integral role in taking the company to the next level of funding. Prior to joining AssureNet in September, Kaine provided financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to several early stage technology companies in the Washington, D.C. area, including USinternetworking, Inc. and Cbay Systems, Ltd. At Usinternetworking, one of the nation's first ASPs, Kaine served as vice president and treasurer where he was responsible for corporate finance, treasury operations and investor relations Investor relations The process by which the corporation communicates with its investors. . Under his guidance, Kaine helped the company secure a $62 million round of financing and facilitated the company's progression to a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . At CBay, Kaine served as acting CFO and assisted the company in securing a $2.3 million round of financing. During his service at USinternetworking and CBay, he also procured sources of commercial funding for both businesses totaling over $40 million. In addition, Kaine brings more than 15 years of experience in corporate finance and treasury operations with notable firms such as the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Rolls-Royce, and Sutro & Co. His education includes a BA in Social Sciences from U.C. Berkeley and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX . "This position fully utilizes my talents and the company provides the market with a superior product," said Kaine. "My experience and interest are a perfect match for this position and I'm eager to help build the business." About AssureNet AssureNet, Ltd. is a premier vertical application service provider (ASP) for the financial services industry. The company's AssureHost(TM) solution enables e-Business by providing customers with access to critical line-of-business applications over the Internet. AssureNet currently web-enables and hosts over 40 life insurance illustration packages and strategically partners with industry software vendors to provide critical financial software tools via the web. Customers are able to access the most up to date software from anywhere, without bringing the associated costs, complexity and IT challenges of in-house maintenance. AssureNet is headquartered in Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from . Additional information about AssureNet is available by calling 877/277-8732, or visiting AssureNet's web site at http://www.AssureNet.com. |
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