Ohana Companies, Transforming Rebates So “Everybody Wins,” Names Veteran Business Leader Kevin McCloskey as Chief Operations & Finance Officer
Wilmington, Delaware – April 9, 2008 – Ohana, the pioneering company that is transforming the rebate industry with their new business model where “Everybody Wins,” has named Kevin McCloskey the company’s new Chief Operations and Finance Officer.
“Kevin brings outstanding international business experience and success to our extended family at Ohana Companies,” said Chris Quinlan, the founder and Chief Executive Officer of Ohana Companies. “His great talents and skills both in finance and in business leadership, coupled with his experiences as having been both the CEO and CFO of international companies, gives him the ability to contribute broadly to our finance, operations and business strategy as we continue to transform the broken model of reward, rebate and redemption that has frustrated consumers, retailers and manufacturers for decades, and bring our new model where ‘Everybody Wins’ to the marketplace.”
McCloskey expertise includes operational management, corporate finance, private equity, mergers and acquisitions, contract negotiations and commercial law. He joins a growing team of innovative executives at Ohana that already boasts considerable retail, marketing, financial services and technology industry expertise. McCloskey will lead operations, strategic planning and execution for the growing company.
"Ohana addresses significant structural inefficiencies in the rebate marketplace,” said McCloskey. “Coupled with their defensible intellectual property, management’s experience, energy and their passion for excellence, all were major factors in taking on this opportunity. The outstanding team at Ohana has a track record of innovation, and I believe the opportunities that lie ahead for this company are nearly limitless.”
Previously, McCloskey was the Chief Executive Officer of MobileAware Limited (Dublin, Ireland). He was recruited by that company’s board of directors to conduct a turn-around of the mobile software company, which was challenged with developing new sales, a lack of diversity in its customer base, and a thin pipeline. During his five years as CEO, MobileAware achieved 111 percent compound annual growth rate in sales revenue and expanded its business to over 100 customers across 24 countries.
Prior to MobileAware, McCloskey was a principal with Cross Atlantic Capital Partners (Philadelphia, PA and Dublin, Ireland), an international early-stage venture capital firm with $600 million under management. The company invested in innovative technology companies throughout the United States, United Kingdom and Ireland. McCloskey negotiated aggregate investments in excess of $75 million across 15 companies. Among the notable investments that he shepherded during that period were OpNext (NASDAQ: OPXT), Transcore (acquired by Roper Industries, NYSE: ROP), Interactive Enterprise (acquired by Ariston Global, Rubicon Technology (NASDAQ: RBCN), Marrakech (acquired by AMT-Sybex) and NTera.
McCloskey’s career also includes five years of service as an officer in the United States Navy. He received his Bachelor of Science degree in Economics from the United States Naval Academy (Annapolis, MD), and earned his MBA from The Wharton School of the University of Pennsylvania.
About Ohana Companies:
Ohana Companies has virtually eliminated the inefficient and costly mail-in rebate and fulfillment process by offering the first 100-percent online solution to redeem, validate and fulfill rebates electronically. The company utilizes revolutionary, patented and patent-pending technology and processes, changing the way consumers, retailers and manufacturers participate in rebates and promotional marketing, ensuring that “Everybody Wins.” Additional information is available at http://www.everybodywins.com/.
Media contact:
Jim DeLorenzo
Phone: 215-564-1122
E-mail: jim@jhdenterprises.com
“Kevin brings outstanding international business experience and success to our extended family at Ohana Companies,” said Chris Quinlan, the founder and Chief Executive Officer of Ohana Companies. “His great talents and skills both in finance and in business leadership, coupled with his experiences as having been both the CEO and CFO of international companies, gives him the ability to contribute broadly to our finance, operations and business strategy as we continue to transform the broken model of reward, rebate and redemption that has frustrated consumers, retailers and manufacturers for decades, and bring our new model where ‘Everybody Wins’ to the marketplace.”
McCloskey expertise includes operational management, corporate finance, private equity, mergers and acquisitions, contract negotiations and commercial law. He joins a growing team of innovative executives at Ohana that already boasts considerable retail, marketing, financial services and technology industry expertise. McCloskey will lead operations, strategic planning and execution for the growing company.
"Ohana addresses significant structural inefficiencies in the rebate marketplace,” said McCloskey. “Coupled with their defensible intellectual property, management’s experience, energy and their passion for excellence, all were major factors in taking on this opportunity. The outstanding team at Ohana has a track record of innovation, and I believe the opportunities that lie ahead for this company are nearly limitless.”
Previously, McCloskey was the Chief Executive Officer of MobileAware Limited (Dublin, Ireland). He was recruited by that company’s board of directors to conduct a turn-around of the mobile software company, which was challenged with developing new sales, a lack of diversity in its customer base, and a thin pipeline. During his five years as CEO, MobileAware achieved 111 percent compound annual growth rate in sales revenue and expanded its business to over 100 customers across 24 countries.
Prior to MobileAware, McCloskey was a principal with Cross Atlantic Capital Partners (Philadelphia, PA and Dublin, Ireland), an international early-stage venture capital firm with $600 million under management. The company invested in innovative technology companies throughout the United States, United Kingdom and Ireland. McCloskey negotiated aggregate investments in excess of $75 million across 15 companies. Among the notable investments that he shepherded during that period were OpNext (NASDAQ: OPXT), Transcore (acquired by Roper Industries, NYSE: ROP), Interactive Enterprise (acquired by Ariston Global, Rubicon Technology (NASDAQ: RBCN), Marrakech (acquired by AMT-Sybex) and NTera.
McCloskey’s career also includes five years of service as an officer in the United States Navy. He received his Bachelor of Science degree in Economics from the United States Naval Academy (Annapolis, MD), and earned his MBA from The Wharton School of the University of Pennsylvania.
About Ohana Companies:
Ohana Companies has virtually eliminated the inefficient and costly mail-in rebate and fulfillment process by offering the first 100-percent online solution to redeem, validate and fulfill rebates electronically. The company utilizes revolutionary, patented and patent-pending technology and processes, changing the way consumers, retailers and manufacturers participate in rebates and promotional marketing, ensuring that “Everybody Wins.” Additional information is available at http://www.everybodywins.com/.
Media contact:
Jim DeLorenzo
Phone: 215-564-1122
E-mail: jim@jhdenterprises.com