David Lowenstein is a senior executive with broad experience scaling businesses from start-up to IPO and subsequent public and private market success and has particularly strong expertise in mergers and acquisitions, strategic planning as well as both public and private financing and has served on the boards of several public companies. Personal strengths include a strategic orientation, lateral thought processes incorporating high levels of abstraction, sound business judgment, a decisive ability to manage multiple objectives in complex business environments, strong financial and analytical skills, as well as proven negotiation and deal-closing acumen in high-pressure, short deadline environments. Geographic scope includes Canada, the United States, Mexico, and several European countries.
Mr. Lowenstein is currently the CEO and Co-Founder of Secure Computing Corporation, a high-potential stealth mode cyber-security start-up, and has recently also advised several companies in the cannabis, nutraceutical and life sciences robotics industries.
Mr. Lowenstein was a Co-Founder, Director, and Consultant at SOURCECORP (NASDAQ: SRCP) and has served in various senior management positions including Executive Vice-President Corporate Development, Chief Financial Officer and Treasurer from the company’s 1994 inception, through its 1996 IPO, and subsequent 25 straight quarters of +25% EPS growth as well the completion of 74 acquisitions and 23 divestitures and co-led the Company’s August 2006 sale to Apollo Partners LP for approximately $500m. SOURCECORP is a document-centric Business Process Outsourcing and Consulting company with +/- 10,000 employees operating from approximately 90 locations in 40 U.S. states, the Caribbean, the Philippines, Mexico and India. The Company has received numerous accolades including being cited among the Top 100 Hot Growth Companies by Business Week magazine, twice being recognized by Forbes magazine as one of the 200 Best Small Companies, as well as its 1999 inclusion by FORTUNE magazines in its list of the 100 Fastest Growing Public Companies. SOURCECORP was also a component of the S&P Small Cap 600 Index and the Russell 2000 Index.
Mr. Lowenstein was also previously a Director and Audit Chair of Cricket Media (TSX.V: CKT) a global children’s educational media and services and technology company and Board Chairman, Chair of the Compensation and Nominating committees, and Audit committee member of The Princeton Review (NASDAQ: REVU) a +150m revenue Bain Capital portfolio company which offers private tutoring and classroom and online test preparation and has also been a director of CAPITAL ENVIRONMENTAL SERVICES INC. (NASDAQ: CERI) a +100m revenue environmental services company and served on the Company’s, Audit and Compensation committees.
Concurrent with the latter part of his SOURCECORP tenure, Mr. Lowenstein was also an investor in The Learning Library Inc., an internet e-learning company focused on the licensing and certification of professionals and led the reorganization of the business in 2004 and its subsequent sale in May 2005.
Mr. Lowenstein served in several executive positions with Laidlaw Inc, a $2B revenue, NYSE-listed transportation and environmental services company, personally closing over fifty (50) acquisitions and divestitures in North America, Mexico, and Europe. Prior to Laidlaw Mr. Lowenstein was a mergers and acquisitions analyst at Tricil Inc. (hazardous waste) and a financial analyst at Nortel Inc. (telecommunications).
Mr. Lowenstein graduated with a Master of Science in Public Policy and Business Administration (Merit Scholar) from Carnegie Mellon University and received an Honors Bachelor of Arts in Economics from Sir Wilfred University, is conversant in the German language and has won several athletic honors.