GAITHERSBURG, MD, June 5, 2009 — BroadSoft, Inc., the worldwide leader in VoIP applications, today announced that Jim Tholen was recognized as the private company chief financial officer (CFO) of the year at the 13th annual Greater Washington Technology CFO Awards, hosted by the Northern Virginia Technology Council (NVTC) June 3rd at The Ritz-Carlton in McLean, Va.
Under Tholen's financial leadership, BroadSoft® experienced significant year-over-year revenue growth in 2008. Tholen also skillfully engineered the acquisition of two BroadSoft competitors in the second half of the year, increasing the company's global market share, and was responsible for closing the company's $15 million credit facility in September 2008.
"We are very excited that Jim was selected as CFO of the year," said Michael Tessler, co-founder and CEO of BroadSoft. "Since joining BroadSoft in 2007, Jim has been instrumental in helping drive our worldwide organic growth and expansion; managing our strategic acquisition opportunities; and building BroadSoft into a financially-secure global company. As a direct result of Jim's efforts, BroadSoft is a stronger company that has not only endured but thrived through tough market conditions."
With more than 20 years of financial and strategic management experience, Tholen has a track record of improving the performance of several of the area's leading technology companies. He served as CFO and chief operating officer (COO) at NetSec, Inc., a managed security services company acquired by MCI (now Verizon Business). He served as chief strategy officer (CSO) and CFO for CareerBuilder.com, helping CareerBuilder.com grow into the number two company in the Internet recruiting and job market segment. He also served as Vice President – Strategy and M&A at Legent Corporation (now Computer Associates), and as a technology investment banker at Morgan Stanley.
Jim is very active in supporting the local CFO community. He was President of the DC Metro chapter of Financial Executives International until May 2008 and currently serves on the board. He was also the long-term chairman of NVTC's CFO Forum. Tholen is an alumnus of Davidson College and holds an MBA from Yale University.
BroadSoft® provides VoIP application software that enables the delivery of hosted telephony and multimedia services. After the 2008 acquisitions of Sylantro and the GENBAND M6 product line, BroadSoft has emerged as the undisputed market leader of VoIP application servers. BroadSoft's family of carrier-class products, including its award-winning flagship BroadWorks® technology, empowers wireless, wireline and cable carriers to deliver next-generation voice and multimedia applications and advanced features that enable them to increase revenue, enhance competitive differentiation and elevate customer satisfaction. BroadSoft's products deliver the scale, open architecture and reliability that the world's leading telecommunications companies demand to serve mission-critical enterprise and residential broadband customers. BroadSoft provides VoIP applications to 15 of the top 25 largest carriers worldwide, as measured by recent annual revenue, including KPN, Korea Telecom, Qwest, SingTel, Sprint, Swisscom, Telefonica de Espana, Telstra, T-Systems, and Verizon. For additional information, go to www.broadsoft.com.