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Northern Virginia Technology Council Announces Greater Washington Technology CFO Award Winners.

Ted Leonsis and CFOs of CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously.
Which past endurance sting the tender cit.
- Emerson.
, Datatel, GeoEye and HP Enterprise Services Honored for Excellence in Promoting the Region's Technology Community

HERNDON, Va., June 10 /PRNewswire-USNewswire/ -- The Northern Virginia Technology Council (NVTC NVTC Northern Virginia Technology Council
NVTC National Virtual Translation Center
NVTC Nissan Valve Timing Control
NVTC Narva Vocational Training Centre (Narva, Estonia) 
) announced today the winners of the 14th Annual Greater Washington Technology CFO See Chief Financial Officer.  Awards, held last night at The Ritz-Carlton in McLean, Virginia. The CFO Awards recognize local chief financial officers and financial executives for outstanding achievement and excellence in promoting the area's technology community. In addition, Ted Leonsis was honored as the winner of the Michael G. Devine Hall of Fame award for his role as a businessman and technology pioneer, as well as for his leadership in the local community.

(Logo: http://photos.prnewswire.com/prnh/20071106/DC06626LOGO)

The winners are as follows:

Public Company CFO of the Year: Joseph Greeves, GeoEye - As Executive Vice President and CFO of GeoEye, Joe is responsible for the management and direction of the company's financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
, corporate finance, accounting, fiscal reporting and public company disclosure requirements. Since becoming CFO in June 2009, Joe has been instrumental in rebuilding GeoEye's financial reporting infrastructure, after a restatement that left the company's stock trading well below current levels. During the past year, he led the refinancing of GeoEye's debt and managed an IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws.  appeal yielding the company a $40 million income tax receivable. In addition, Joe led the process to obtain financing commitments related to the Company's response to a request-for-proposal from the U.S. Government to build a new satellite.

Private Company CFO of the Year: Kevin Boyce, Datatel, Inc. - As Datatel's CFO, Kevin oversees the Corporate Resources Division and plays a senior role in the company's strategic growth and operational initiatives. In 2009, Kevin helped Datatel achieve record revenues and profits with year over year revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  growth of 7.4 percent and 20 percent, respectively. Through his efforts, Datatel was sold for $570 million in December 2009, earning investors four times on their initial investment from April 2005. In June 2009, prior to the sale, Kevin refinanced Datatel's $35 million revolving credit Revolving Credit

A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs.
 facility for $1.2 million and extended the term one year from April 2010 to April 2011, helping the company to avoid over $6 million in interest expense during this annual period and a complete refinancing of its existing term loan bank debt.

Group/Division CFO of the Year: Marilyn Crouther, HP Enterprise Services - As CFO for HP Enterprise Services U.S. Public Sector, Marilyn is responsible for planning and directing all financial accounting business within the division and managing more than $3 billion in annual revenues. She is instrumental in the strategic planning process and plays an integral role in developing the division's three-year plan and long-term growth strategies. In 2009, Marilyn played a key role in the integration of EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country.  into Hewlett Packard. In 2009, she contributed to exceeding the operational profit target set by the corporation for HP Enterprise Services U.S. Public Sector region.

Community Service Award: Linda Gentry, Center for Innovative Technology (CIT) - As CFO of CIT, Linda provides leadership and policy development for technology-based strategies for the Commonwealth of Virginia. Linda serves on the Boards of the Montessori School of Alexandria, Inc. and the SkillSource Group, as well as on the Finance Committee of Capital Hospice. She previously served on the Board of ServiceSource, an organization supporting people with disabilities and as Director of Logistics for the Ride to Thrive Polo Classic, helping to raise $50,000 for the Northern Virginia Therapeutic Riding Program. Since 2000, Linda has been involved with the strategic direction of Leadership Fairfax, Inc (LFI LFI Local File Inclusion
LFI Link Fragmentation and Interleaving (Cisco)
LFI Landesforstinventar (National Forest Inventory, Switzerland)
LFI Lethal Force Institute
LFI Last File Indicator
), where in addition to helping create the Emerging Leaders Institute, she provides leadership to LFI's largest fundraising activity, the Northern Virginia Leadership Award program, which nets approximately $125,000 of funding for LFI activities.

Michael G. Devine Hall of Fame Award: Ted Leonsis - Ted Leonsis has made a major difference in our community, creating and growing companies, energizing our local sports world and giving generously as a philanthropist. Known as one of the country's premier businessmen and a pioneer in the Internet industry, Ted held numerous leadership positions at AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , from which he recently retired as Vice Chairman Emeritus. He is also Chairman of Revolution Money and Clearspring Technologies.

Ted is the founder, chairman and majority owner of Lincoln Holdings LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a sports and entertainment company that holds ownership rights in several Washington, D.C., entities, including 100 percent of the Washington Capitals and the WNBA's Washington Mystics, and, as of yesterday, 100 percent of the NBA's Washington Wizards, D.C.'s Verizon Center and the Baltimore-Washington Ticketmaster franchise.

Ted is very involved with numerous charities, including Best Buddies, Hoop Dreams, See Forever Foundation, Venture Philanthropy Partners, YouthAIDS and others through the work of the Leonsis Foundation. As the producer of the films "Kicking It" and "Nanking," which received the Documentary Editing Award at the 2007 Sundance Film Festival, Ted coined the phrase "filmanthropy" to describe a new category of filmmaking that sheds light on important issues to activate discussion and recruit new volunteers and donors to benefit a social cause.

The Northern Virginia Technology Council (NVTC) is the membership and trade association for the technology community in Northern Virginia. As the largest technology council in the nation, NVTC serves about 1,000 companies from all sectors of the technology industry, as well as service providers, universities, foreign embassies, non-profit organizations and governmental agencies. Through its member companies, NVTC represents about 200,000 employees in the region. NVTC is recognized as the nation's leader in providing its technology community with networking and educational events; specialized services and benefits; public policy advocacy; branding of its region as a major global technology center; initiatives in targeted business sectors and in the international, entrepreneurship, workforce and education arenas; the Equal Footing Foundation, a 501(c)(3) nonprofit charity that serves local area youth; and The Entrepreneur Center @NVTC which mentors new technology entrepreneurs. Visit NVTC at www.nvtc.org

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Publication:PR Newswire
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Date:Jun 10, 2010
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