Mr. Sweatman is the Founder and CEO of PhilSweatman.com LLC, a strategic consulting and financial advisory firm that assists technology entrepreneurs in accelerating their growth and success. Sweatman’s depth of experience and participation in the creation of numerous leading edge technology markets makes him ideally suited to assist the entrepreneur as well as the private equity or venture capital fund in launching a new product or market, realizing a valuable liquidity event, completing an operational and/or financial turn-around, rolling up an existing industry, and creating shareholder value.
With PhilSweatman.com, Mr. Sweatman has provided outsourced CEO, COO and CFO services centered on strategic consulting and financial advisory services to venture-backed start-ups and later stage companies in the wireless, software, telecommunications and Internet sectors that seek funding or a liquidity event. Over a five year period, he has completed over $250 million in sale and financing transactions.
Prior to this Mr. Sweatman was the President and Chief Executive Officer of Triverity Corporation, a mobile wireless video/GPS/telemetry products company serving the motorsports, commercial trucking and public safety and security markets. During his tenure, Mr. Sweatman expanded Triverity's specialty dealer base over 100-fold and its addressable markets from 200,000 to more than 700 million consumers worldwide, a 3,500% increase. In addition, he recruited a world class management team and product development organization.
Prior to that Mr. Sweatman was the President and CEO of Mobile 365 which he grew into the largest wireless mobile messaging and mobile multimedia content delivery provider in the world with 92% gross margins, a market leading 80% market share and the highest Quality of Service (QoS) of any company in the industry. Under Mr. Sweatman's leadership, Mobile 365 grew from a handful of domestic customers to over 70 of the largest international wireless carriers in the world. Revenues expanded from $3 to $50 million and a $9 million annual loss converted into a $15 million pre-tax profit. Mr. Sweatman took a hands on leadership role in closing and managing existing customers and prospects including some of the largest wireless carriers in the world such as Verizon Wireless, ATT Wireless, Cingular, T-Mobile, Alltel, Vodaphone, Telefonica, Smart, Globe, and China Mobile. Under Sweatman, Mobile 365's innovations included the first mobile marketing campaign across multiple carriers using universal short codes and the first deployment of MMS interoperability services in North America.
During the course of a successful 25+ year career, Mr. Sweatman has been involved in purchase, sale, divestiture, public equity and debt issuance, and private equity financing transactions valued at approximately $2.5 billion. Prior to this, Mr. Sweatman achieved increasing levels of success in senior financial, operational and business development roles at a number of venture-backed companies including:
·Response Networks (merged with Open Service)
·Call Technologies (sold to 3Com for $90 million)
·Telogy Networks (sold to Texas Instruments for $2 billion)
·Relay Technology (sold to Net Manage and Sterling Software for $10 million)
and a number of publicly-traded companies including:
·MPACT Immedia (sold to and subsequently purchased from Tandem Computers and taken public in 1993)
·General Host ($550 million in revenue, NYSE-traded, 13,000 employees and 275 locations in 20 states), and
·Computer Sciences Corporation ($ 1 billion in revenue, NYSE traded)
His early participation in innovative new markets include mobile marketing, wireless data services, Voice over Internet Protocol (VoIP), electronic data interchange (EDI), and personal computers. He has authored or co-authored over 20 patents and been involved in the purchase of well over 100 fundamental communications patents.
To review all of the details of Mr. Sweatman's career, please click to the subsequent pages on this site.
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