Bend, Ore. - October 30, 2008 -- Bob Chalfin, author of "Selling Your IT Business" will be coming to Bend offering practical suggestions for leaders to build into their business plan before they consider selling their company.
Event: Selling your IT/Tech Business
Wednesday, November, 12 200812:00-1:30 pm
McMenamins Old St. Francis School
700 N.W. Bond Street Bend, Father Luke's Room
FREE for members of SAO, EDCO, COWPU, SOISUG, WoTech and BendTech
$15 for non-members
Tech entrepreneurs heavily invest into growing their businesses but often lose sight of creating tangible value in the case of a future sale. Sales and mergers become all the more viable in tight economic times.
“Structuring your business for a potential future sale or merger is necessary for all tech leaders,” said Shane Moncrieff, President of Portland based Jibe Consulting. “The tech industry consolidates as much or more than any other by mergers and acquisitions.”
Selling Your IT Business gives a complete overview of the selling process, covering everything from valuation, finding the right buyer, to negotiating strategically to closing the sale. The information is presented step-by-step, complete with sample forms, checklists, and agreements. Because it focuses exclusively on IT businesses, this guide provides in-depth information about issues and challenges that are unique to them.
Chalfin, who served on the Orcom board of directors, will address the challenges tech and IT businesses face in today’s economy and what those companies should be doing in the current economic climate to succeed. He will also discuss what people should consider when purchasing, selling and operating a business now.
SAO is pleased to have the support of Economic Development for Central Oregon (EDCO), Central Oregon Computer User Group (COWPU), Central Oregon Information Systems User Group (COISUG) and Central Oregon Women in Tech (WoTech) for this event.
“It is very exciting to see the community coming together in Central Oregon,” said Lewis Howell of Cinetix Solutions and spearhead of Central Oregon Information Systems User Group (COISUG). “Events like this are a key component to bringing together all the right pieces of the tech community to help propel it forward.”
Marilyn Beem will be introducing Mr. Chalfin at the event. She is the former president of Orcom Inc., a vertical market software company in Bend Oregon. Orcom had over 200 employees with customers in 40+ states. It was sold in January 1997 to a joint venture owned by Pacificorp and KN Energy.
“We are happy to have a blossoming tech community here in Central Oregon, but we certainly could use a few more companies like Orcom at its peak to give the tech community the shot in the arm that it needs,” said Beem. “It’s great to have Bob back in Bend.”
About Speaker: Robert (Bob) J. Chalfin CPA, JD
Mr. Chalfin is an Attorney, Certified Public Accountant, and a Lecturer in Management at The Wharton School of the University of Pennsylvania. He teaches graduate-level courses on acquiring closely held businesses and venture initiation to MBA candidates. He is an owner/investor, corporate board member, and consultant to several businesses, many of which are in the information technology sector. Mr. Chalfin is also the CEO of The Chalfin Group Inc., a Metuchen, New Jersey-based firm that offers advisory services in connection with the purchase and sale of closely held businesses, strategic planning, and valuation. Bob Chalfin is the author of the book, "Selling Your IT Business: Valuation, Finding the Right Buyer and Negotiating the Deal", which is published by John Wiley & Sons, Inc. (2006). Learn more at www.chalfin.com.
About Software Association of Oregon (SAO)
SAO supports tech professionals and organizations by helping entrepreneurs start companies, advocating for a business environment where companies desire to move, and encouraging the growth and success of the established software and tech companies in the state. The organization’s office is located in Portland and it has active groups throughout the state including Corvallis, Lane County, the Gorge and Central Oregon. www.sao.org
SAO Contact:
Bryce Yonker
Software Association of Oregon (SAO), Director of Membership
US Bank Tower 111 SW 5th Avenue Suite 120 Portland, OR 97204
(503) 228-5443
bryce.yonker@sao.org
EDCO Contact:
Ruth Lindley
Economic Development for Central Oregon (EDCO), Marketing Manager
109 NW Greenwood Ave., Suite #102, Bend, OR 97701
(541) 388-3236
ruth@edcoinfo.com