Experienced Financial Executive Added to the Team to Support Growth Strategy
TORONTO, Jan. 12, 2012 /CNW/ - Dealfind, the third-ranked group buying site in North America, today announced Jason Redman has joined the company as Chief Financial Officer. With deep experience in financial management, mergers and acquisitions, administration, compliance, strategic operations and risk management, Redman will direct the company's overall financial posture as it pursues an aggressive growth strategy.
Redman comes to the Dealfind executive team from SiriusXM Canada (formerly Sirius Canada Inc.) where he served as CFO during the company's ~$550 million merger with XM Canada. As an important ally to the President and CEO, Redman worked to secure regulatory approval for the merger with key Canadian agencies and participated in the raising of new debt financing on significantly improved terms to enhance the company's financial position. In addition to his M&A work, Redman successfully negotiated agreements with major automotive OEM partners and implemented a number of policies, procedures and internal controls to enhance financial reporting, forecasting, IT and HR management and the strategic review of corporate initiatives to ensure fiscal objectives were being met. While at SiriusXM Canada, Redman was instrumental in retaining the distinction as one of Canada's 50 Best Managed Companies for a second consecutive year.
Prior to his work at SiriusXM, Redman served for four years as SVP Finance and CFO of Look Communications, Inc., where he was responsible for the entire financial, IT, HR and legal functions for the diversified communications company prior to concluding an $80 million asset sale to Rogers Communications and Bell Canada through their joint venture, Inukshuk Wireless Partnership.
Redman earned an International MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and a Master of Accounting from the University of Waterloo. He is a Chartered Accountant with the Canadian Institute of Chartered Accountants and a licensed CPA in the State of Delaware.
"Jason brings a wide range of financial expertise to the table and we are thrilled to welcome him to our team," said Gary Lipovetsky, Dealfind Co-Founder and President. "His experience in managing rapid expansion is especially important for Dealfind, as we continue to build momentum along a steep growth trajectory that began early last year."
Redman is the most recent addition to the fast-growing Dealfind team as the company ramps up capacity to support its rapidly expanding daily deals platform. Dealfind recently launched a mobile app and a new 'Everyday Deals' feature that lets subscribers search for real-time deals available by location, category and time constraint. Over the past year, Dealfind has expanded its staff by 80 percent and now employs close to 400 people.
Dealfind deals are now available in 41 U.S. markets and 30 markets in Canada. Since 2010, close to 1.8 million vouchers have been purchased through Dealfind, saving subscribers more than $420 million with discounts on a wide variety of products and services.
Dealfind is the third-ranked group buying website on the North American Daily Deal Media Power Rankings, operating in 71 markets in Canada and the U.S. It has sold nearly 1.8 million vouchers since 2010, saving consumers more than $420 million. Privately held, Dealfind boasts refundable group buying vouchers, as well as full customer service support. The Toronto-based company is a member of the Google Offers partner program and provides small and medium-sized enterprises the opportunity to cost-effectively gain new and repeat customers through smart online marketing and referral programs.
 Ranking is according to North American Daily Deal Media Power Rankings, a proprietary ranking and verification system launched by Daily Deal Media in May 2011. Daily Deal Media is the authoritative source for news, data and resources for the Daily Deal industry.
For further information:
Mallory Snitker of SS|PR, +1-847-415-9300, [email protected]