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RF Code News

RF Code Heads Into the Next Phase of Real‑Time Growth

February 13, 2018

RF Code Heads Into the Next Phase of Real‑Time Growth

Posted by RF Code | Feb 13, 2018 1:40:59 PM

Austin, Texas – Feb 13, 2018 – RF Code, the leader in real-time data center solutions, is announcing changes to its leadership team.

 

Under CEO, Ed Healy’s leadership, RF Code introduced its subscription model in late 2016, and this has delivered strong growth for the business. In support of that change, the company has significantly increased its investment in delivering value to its customers through software that supports a full system solution. 

Today, we announce that Ed Healy is retiring as CEO, however, he will remain a member of the board. As a result, we have begun the search for a new leader to continue building the client base, technology, and expanding the subscription business. In the interim, Phil Stern, Managing Partner for Chartline Capital, will be stepping in as CEO.

“My direct, hands-on involvement in the business demonstrates Chartline’s commitment to RF Code as well as our belief in the high-value solution the company provides for its customers,” said Mr. Stern. “I will continue to be actively engaged after we bring on new long-term leadership.”

RF Code CFO, Carol Ray has also announced her retirement, and the role is being transitioned to Cameron Lord. Cameron will oversee the company’s finance and accounting operations, as well as help lead the company’s strategy and corporate development.

This is an exciting time for the next phase of growth at RF Code, as both Phil and Cameron bring previous experience identifying and building value within companies as both investors and executives.

Phil brings a career in venture capital, general management, and strategy consulting to the leadership role at RF Code, with substantial experience in the fields of operational improvement, open innovation, and intellectual property.  Currently serving as a Managing Director at Chartline Capital, a firm he co-founded, Phil has worked with leaders of many of Chartline’s portfolio companies as they scale their businesses, build teams and ensure financing.  Phil serves on the boards of VIDA Diagnostics, Gigsky Inc., yet2, and OptiScan (observer).

Prior to his venture capital work, Phil co-founded yet2 in 1999, building the first global technology exchange and as CEO, leading the company as it transitioned to a professional service business and working with the Global 1000 to drive innovation through technology acquisition.  As part of this work, he developed substantial expertise in intellectual property transactions and licensing.

Prior to yet2, he worked in both general management and strategy consulting. He was Division Vice President of the $350 million Professional and Technical Imaging business at Polaroid, managing its transition from a film business to a digital imaging business.  In addition, he has substantial expertise in developing and implementing breakthrough strategic plans, having served clients for Bain & Company and McKinsey & Company in a wide variety of industries. 

Cameron’s prior experience spans investment banking, private equity, executive management, and corporate finance.  Prior to joining RF Code, Cameron served as CFO of KingStar Ventures, a PE-backed direct-response marketing company, sold in 2017 to Innovative Aftermarket Systems. Prior to KingStar, he held leadership roles at Austin-based start-ups BuildASign.com and CBANC Network. Previously, Cameron served as an Associate within Austin Ventures’ Growth Equity practice and as an Analyst within Wachovia Securities’ Mergers & Acquisitions Group.

“We thank Ed and Carol for their many contributions to RF Code over their years of service,” Mr. Stern added. “They have consistently demonstrated a focus on delivering results for our clients and have brought the company to a solid launching point for future growth.”

Topics: News

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