RevBio is a clinical stage medical device company engaged in the development and commercialization of a novel biomaterial called Tetranite™, which acts as an adhesive for bones. Not only does the material provide immediate load-bearing strength, bonding bone to bone as well as bone to metal, but it also reabsorbs and is replaced with new bone during the natural process of bone healing and remodeling. The use of this unique material will reduce the duration and complexity of medical procedures, allow for more minimally invasive surgeries, and will improve patient outcomes by reducing recovery time and the overall cost of care.

Tatum specializes in providing strategic financial leadership (either on a permanent, interim, or project-based level of engagement) in order to assist a CEO and/or management team acquire funding, assess organizational and strategic challenges, implement transactional and operational best practices, as well as strengthen a firm’s internal controls, accounting procedures, and financial reporting processes. Tatum’s consulting services are execution-focused with projects led by executives who understand the need for sustainable results. Representative assignments include:- Interim CFO: Created the financial model and supporting materials for raising a $35 million Series C round of venture funding for a healthcare IT company; implemented NetSuite (ERP); upgraded existing payroll system; implemented expense management software; improved the company’s revenue recognition policies and procedures; and led the company through the preparations for its first financial audit.- Interim CFO: Created a budgeting process and built a five-year financial plan for raising $20 million for a pre-IPO medical device company. Assisted in developing product launch plans, a sales and operations planning function, as well as the implementation of other internal financial planning and analysis processes.- Financial Consultant: Managed the carve-out of a $60 million business unit from a Fortune 1,000 company through the development of detailed cash forecasting, the monitoring and renegotiation of transitional support from the seller, including working capital adjustments, performing inventory planning and overseas supplier relations, coordinating the logistics of consolidating the entity’s global warehouses, and the selection and implementation of key elements of the company’s technology infrastructure, including its enterprise resource planning solution.

Member of the management team of a private equity owned company engaged in the design and manufacture of bridge cranes, gantry cranes, and other custom industrial material handling solutions. Managed the accounting, information technology, and human resource functions; developed and implemented an improved revenue recognition methodology; redesigned the union and non-union benefits plans. Worked with the company’s senior lender to renegotiate a forbearance agreement; reduced past due receivables by 71%; managed cash flow during a period of tight liquidity; renegotiated contract terms with customers and suppliers; assisted in the recapitalization of the ownership structure.

Member of the management team of a venture-financed technology company engaged in the design and development of satellite communications equipment for the aviation industry. Wrote the business plan, created investor presentations, financial models and projections, and managed the due diligence process for five rounds of equity financing totaling $57.0 million and coordinated investor relations activities for seven separate investor groups. Structured and negotiated a $30.0 million recapitalization of the company allowing early investors to receive a 2.3x gain on their investment and new investors to receive a majority ownership position. Negotiated and structured an in-bound technology licensing agreement with a failing supplier and later negotiated and structured a separate out-bound technology license to a contract manufacturer which yielded a 2.1x return on investment to the company. Played a key role in negotiating the company's international contracts in India. Surveyed, selected, and set up a full accounting and MRP system, designed and developed the company's financial reporting package, negotiated multiple facility lease transactions, set up the Human Resources function and recordkeeping process, and oversaw the coordination and placement of the company's corporate insurance programs.

Member of a twelve-person team inside Citizens Bank focused on sponsoring preferred equity (both later stage and early stage) and mezzanine investments across a variety of industries as well as fund-of-fund investments with $500 million of assets under management. Drafted term sheets for investment prospects, negotiated key deal terms, oversaw the deal documentation process, coordinated investment activities with co-investors, attended portfolio company Board meetings as either a Director or Observer, reviewed portfolio company performance, prepared analyses and memos for, and presented at, regular portfolio review and investment committee meetings, and maintained deal files for a 12-company, $50 million private equity and venture capital investment portfolio. Negotiated a warrant position in a key software vendor of Citizens Bank which, when the company was sold, generated a significant investment return. Received specialized training at the 26th Annual Venture Capital Institute (September, 2000), and Spreadsheet Models for Managers (March - May, 2001).

Member of a fourteen-person group of credit analysts responsible for analyzing new and existing relationships for the commercial loan portfolio of the bank. Analyzed middle market manufacturers, wholesalers, retailers, construction contractors, non-profit organizations, and real estate business entities for proposed lending exposures up to $20.0 million. Identified risks associated with lending funds to different business concerns; analyzed financial statements to determine the financial performance and condition of both prospective and existing customers; constructed cash flow projections and performed sensitivity analyses to determine the most suitable financing arrangements; and wrote internal credit proposals for senior management committee. Specialized Training included: OMEGA Financial Accounting for Bankers; OMEGA Analyzing Personal Cash Flow seminar; OMEGA Commercial Loans to Small Businesses; completed courses in Accounting, Business Law and Investments at the New England Banking Institute.