BSG Team Ventures is pleased to announce the recruitment of Theodore I. "Ted" Les, CPA, as Chief Financial Officer for iSystems, LLC, the company behind Evolution HCM. Mr. Les is a finance executive with proven experience and success in growing software-as-a-service (SaaS), technology and service-oriented organizations.
With an undergraduate degree in management from Babson College and Executive Program in Business Management from MIT Sloan School of Management, Les started his career with the public accounting firm Arthur Andersen & Company. From there he advanced his financial and business career to hold executive management positions with renowned Internet pioneer Bolt Beranek & Newman (BBN Corp.) and GTE. For the past 15 years, Les served as the CFO for technology innovator Cambridge Research & Instrumentation, Inc. (CRi) and Agreements Based Billing market leader MetaTech Corp.
"We are extremely excited to have someone with Ted's vast experience and proven track record leading SaaS-based organizations join the iSystems team," stated David Meagher, President of iSystems. "The past 12 months marks a tremendous year of growth and development for the company and our lead product, Evolution HCM. During this time we have launched our new Evolution Payroll product, and acquired and advanced the code bases for our new Evolution Advanced HR and Evolution Analytics. In addition, we have developed a very comprehensive ACA compliance tool and reporting suite. Ted is the perfect addition to our executive team to help us accelerate our growth and provide greater value to our licensees and shareholders."
About iSystems, LLC
iSystems, LLC, the company behind Evolution HCM, provides payroll, tax management, analytics and Human Capital Management (HCM) software for platform service providers across the U.S. The company values and understands the importance of innovation and perseverance to provide its clients secure, scalable, competitive and reliable technology. The company sets itself apart by providing market leading products, maintaining the highest level of product and technical support, offering ongoing training programs, supplying marketing and sales support, and ensuring a never-ending commitment to the research and development of new products and services. The Evolution HCM software was recently recognized by HR Tech Magazine and its independent board of advisors as one of the top 10 Payroll Providers in the country. www.evolutionhcm.com.
About BSG Team Ventures
Founded as Boston Search Group in 1997 and rebranded in 2008, BSG Team Ventures is a retained executive search firm focused on recruiting leaders for rapidly changing environments. Although BSG serves a wide range of clients including public corporations and not-for-profit organizations, the greatest concentration of BSG’s work is with private equity firms and their portfolio companies to expand or upgrade management, and with venture capital firms and entrepreneurs to build teams for early-stage businesses.
Over the past 15 years, BSG’s principals – working from offices in Boston, San Francisco, and London – have completed more than 500 assignments for board directors, C-level executives, and VPs in every major functional area.
