Len Chermack

Chief Executive Officer and Director

Len Chermack has over 35 years of global management and profit and loss experience ($2 million to $750 million) in software companies. Since 1986, he has been brought into companies by investors as the turnaround or growth executive for a number of technology companies, including Fortune 500 and International 1000 companies. Since 2001, Mr. Chermack has also served as either the Chief Executive Officer or worldwide President on several technology companies. Len has served as an Associate of Naya Ventures and beginning in February 2020, he has been the CEO/Founding Partner focusing on capital sourcing for HEXA Global Ventures, which supports entrepreneurs and companies in the technology, healthcare, human resources and services. With his team, he identifies global investment opportunities and arranges funding through the firm’s venture capital arm and private equity communities, providing value-added services to HEXA GV portfolio companies in Richardson, Texas. Mr. Chermack is a serial CEO and turnaround specialist. His largest turnaround was as Worldwide President Baan (now INFOR) and Managing Director of the Baan Companies (3rd Largest Global Software Company in over 123 companies) located in the Netherland and brought in from private equity-backed United Kingdom-based Invensys PLC. As a co-founder of several software companies including two NASDAQ-traded companies (Penultimate, whose product Salesforce created the Opportunity Management System (OMS), which today is used in all customer relationship management, and Computer Depot). Len has raised over $100 million in funding and has been involved in a number of mergers and acquisitions in his career. Mr. Chermack serves on several technology company boards of private companies in the cloud, information technology (“IT”) services, IT operations management, IT infrastructure, healthcare IT, and social media industries. Mr. Chermack’s leadership experience includes serving in large public, venture capitalist, private equity and startup enterprises and he has served on partner advisory boards for leading technology companies including Microsoft and IBM. Mr. Chermack received his Bachelor of Science in Economics with recognition in mathematical economics and a minor in marketing from Loyola Marymount University in Los Angeles.


Freddy Holder

Chief Financial Officer of VCSY and NOW Solutions

Freddy Holder has experience spanning all aspects of finance and accounting. He started his career with the accounting firm of Ernst and Young and has worked for both large and small multi-national public and private companies in the software, retail and services industries. Mr. Holder has been a finance consultant for the Company (VCSY) and its subsidiary, NOW Solutions, Inc. and various other companies since 2012. Prior to that Mr. Holder was Director of Consulting for Sirius Solutions, LLLP, where he was responsible for the finance and accounting practice of the company’s North Texas region. Prior to that, he served as the Managing Director and International Controller for FedEx Office, where he directed all international finance operations and financial control management of eight countries outside the United States. Mr. Holder also served as Director of Accounting for Software Spectrum, where he was responsible for all North American accounting operations and worldwide financial reporting for this Fortune 1,000 publicly held software reseller. Previous experience also includes the position of Corporate Controller for US Data Corporation, a publicly held software development company. Mr. Holder has held a CPA license in the state of Texas since 1989 and received his degree from the University of Texas at Dallas.


Luiz Valdetaro

Chief Technology Officer

Mr. Valdetaro serves as our Chief Technology Officer since 2000. He has over 40 years of software development and management experience in diverse environments ranging for high transaction-processing mainframes, to servers, PCs and smartphones. In computer circles, previously CTO of Diversified Data Resources, is best known for implementing the first PC to Mainframe in Latin America in the late 1970s. He is equally known for developing a product called ACE, an expert based system made to automate the operations of IBM mainframes. ACE, which supplanted IBM as a competitor, was used by Fortune 100 companies such as American Express, Visa, Bank of America, Citibank, Prodigy, Federal Express, Singapore Airways, Qantas Airways, Thai Airways, IBM Canada, SNCF (The French Railroad), Worldspan as well as many others. Mr. Valdetaro, a member of Who's Who Executive Club prior to being CTO of Diversified Data Resources, was a Senior Systems Engineer for System/One. Prior to that he was a senior systems engineer for Bank of America. Mr. Valdetaro is a graduate of Catholic University, Rio de Janeiro, Brazil with a BS in Electronic Engineering and an MS in Systems Engineering.


Laurent Tetard

Executive Vice-President, International Operations & Platform Strategy

Mr. Tetard joined the Company in 1999, where he oversaw business development, managed software design projects and handled daily operations. His responsibilities included working with clients and strategic partners to develop business plans, implement strategies and methodologies to leverage the company’s proprietary technologies and support its software lifecycle. In 2006, he spearheaded the transition of the Company’s in-house software into a complementary cloud solution and since 2012, as Chief Operating Officer-SaaS, has been in charge of the company’s SaaS efforts. He is currently responsible for the global operations of VCSY and its subsidiaries, bringing over 25 years of business and management experience. Prior to working with VCSY, Mr. Tetard was a Public Relations Officer with the French Air Force. Earlier in his career, he completed a thesis in collaboration with the French Aeronautics and Space Research Center and served engineering internships at Aerospatiale, France. Mr. Tetard is an honor’s graduate of the noted Arts et Métiers ParisTech, with a BS in Mechanical Engineering and a MS in Industrial Engineering & Business Management, Magna Cum Laude.


James Salz

Corporate Counsel, Secretary and Director

James Salz has been the sole in-house corporate attorney for Vertical and its subsidiaries for since 2001. Prior to his service at Vertical, Mr. Salz worked at internet start-ups and in the entertainment industry. Mr. Salz has over 25 years of legal and business experience with corporate transactions, including financing, licensing, employment agreements, and strategic partnerships. Mr. Salz also brings nearly 20 years of experience in securities law and compliance, including SEC reporting and audits to the company. Mr. Salz is the founder and President of Trusted LASIK Surgeons™, an online consumer resource and a leading directory of highly qualified LASIK and cataract surgeons in the United States.


Mike Short

Chairman of the Board, Director

Mike Short has over 35 years of business experience at senior and executive-level positions which include board level, Chief Operating Officer, Senior Vice President and Vice President. His present positions include Chief Operating Officer and Director at Alani Consulting, which provides Agile Business Transformation services to domestic and international companies including Banking/Financial and Telecom corporations (since 2016) and at CorTechs, Inc. d/b/a B12 Government Solutions, which provides Consulting Services and Technology Solutions for Federal, State and Local Government companies (since 2017), Senior Advisor and Strategic Partnerships for B12 Consulting (since 2016), which provides Software Products and Services, Staffing and Talent Management, and Training and Leadership Development services.to domestic and global companies (since 2016), and Founder and Managing Partner of Plaza Capital Group that provides investment capital and rehab services to the residential housing markets (since 2015). During his career, Mr. Short has served as an executive at blue chip, rapid growth and start-up companies. His professional and business experience includes operations, strategic development and planning, market growth, revenue generation and growth strategy, strategic partnerships and alliances, business plan development, reorganizations, new business launches and mergers and acquisitions and cross-patent licensing. Mr. Short has expertise in revenue growth, has worked with early-stage pre-revenue companies to companies with over $1 billion in revenue streams and has experience in acquiring companies ranging from $1 million to over $9 billion and investments from $1 million to $10 million in companies.


John Adler

Director

John Adler has over 35 years of business experience. He presently serves as the CEO of Call Control (since 2016) and an adviser for Zabo (since 2017) and Ten Advisor Group (since 2019), which helps companies solve problems and succeed. In addition to operating experience, Mr. Adler has 14 years working in venture capital, sourcing, investing and serving as a Member of the Board of Directors for numerous companies.


Scott Winning

Director

Scott Winning has over 40 years in semiconductor and the electronics area. Since 2015, Mr. Winning has been the President/CEO of Sawblade Ventures bringing engineering design automation tools to the market, focused on hardware cyber-security. Starting at Motorola SPS and Freescale Semiconductor in 1980, he has held various positions of increasing responsibility in engineering including test, product, design, and intellectual property. Mr. Winning has also been responsible for building the company revenue at Motorola / Freescale in managing automotive marketing and operations responsible for over $250M business. His responsibilities have been at a global level and domestic level. Additional time spent in the consumer, industrial, and appliance markets. Mr. Winning has also recently consulted and managed the development and design of radiation hardened MCU's (Micro Controller Units) at Vorago Technologies for operation in the space market for NASA and SpaceX products. A graduate of Louisiana State University, earning a BSEE.