Ackman Brings More than Twenty Years of Professional Accounting Experience
RALEIGH, NORTH CAROLINA – September 13, 2011 – Valencell, an innovator in mobile health and fitness technology, announced today the addition of Todd Ackman, Vice President of Finance, to its growing team. Todd brings extensive financial experience to Valencell, having led fundraising and M&A execution for Inlet Technologies, Inc. and its recent $95M acquisition by Cisco Systems.
With over two decades of professional accounting experience, Todd’s industry expertise spans information technology, digital media, clinical research, and manufacturing disciplines. He has extensive knowledge of managing multi-entity accounting systems, operations, financial analysis, capital improvement planning, investor relations and human resources.
“Valencell is thrilled to bring aboard proven financial leadership into our growing technology company,” said CEO and co-founder Dr. Steven LeBoeuf. “With increased market demand for our mobile health and fitness products, Todd’s experience will help us stay lean and focused as we grow licensing revenue and expand our product portfolio.”
Before joining Valencell, Todd served as Vice President of Finance at Inlet Technologies where he supported the company’s $95M acquisition by communications giant Cisco. Todd previously held management positions as Director of Finance for Quintiles and Senior Accounting Analyst at PBS&J. He has auditing experience with international CPA firms and is a licensed CPA in Florida. Todd holds a BS degree in Accounting from Bradley University.
Today’s news comes on the heels of Valencell’s recent announcement that it received $5.5M in Series B venture investment. The round was led by Best Buy Capital with participation from Series A investors TDF and True Ventures. The company plans to use funding to continue making strategic hires and to expand its commercialization and product pipeline.
Founded in 2006 and headquartered in Raleigh, North Carolina, Valencell develops physiological monitoring technology and licenses this technology to industry partners for integration with brand-name products used by consumers each day. Valencell’s Healthset® platform integrates autonomous vital signs sensors directly into music earbuds and audio headsets already used by tens of millions of consumers while exercising. Healthset® powered earbuds continuously track real-time heart rate, calories burned, steps taken, distance traveled, speed, and other physiological metrics while consumers listen to music, talk over the phone, or go about daily life activities. This data is streamed to phones and mp3-players through wired or wireless links, enabling live body metrics, training, and coaching via fitness applications on mobile devices and online. The application of Valencell’s technologies span across multiple markets including consumer mobile, fitness, gaming, mHealth, and personal protection equipment (PPE).
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Crossroads Public Relations for Valencell