Tag Archives: KPMG


Arizona Technology Council adds 4 to board

In a unanimous vote during a regular session of the Arizona Technology Council’s Board of Directors’ meeting on July 23, 2015, four new directors were elected to serve in three-year terms. The Arizona Technology Council’s current Board of Directors includes 36 members, five of whom are officers.

The Arizona Technology Council’s executive officers and board of directors serve in an advisory and fiduciary role, by representing the interests of the state’s technology industries in the Council’s strategic planning and on-going operations. This translates into topnotch ideas and wisdom that turn into executable programs that benefit all Council members.

The newly elected directors are:

  • Mike Chadwick, managing director, CKS Securities, LLC: Mike has over 20 years of technology and business management experience, primarily focused on hyper growth and scalable enterprises. Mike most recently spent two years learning the world of private equity as the senior managing director of YAM Capital, the private equity arm for Bob Parsons. Prior to YAM Capital, Mike served as a vice president of technology and CTO of the technology business unit at GoDaddy.com.
  • Alex J. Iuorio, senior vice president, Supplier Marketing and Business Development, Avnet, Inc.: Alex is a 30 year veteran of the high technology distribution industry. He has held various positions within Avnet and prior to that with Hall-Mark Electronics, acquired by Avnet in 1993. Prior to corporate, Alex’s last field role was as vice president area director for the West, which included Avnet’s Silicon Valley operations during its unprecedented growth period – an experience and a time like no other in our industry’s history.
  • Jasen Meece, managing director, Advisory – Information Protection, KPMG LLP: An expert in cybersecurity, Jasen is a dynamic results-oriented executive who leverages technology products and consulting service to achieve business value-based transformation efforts. Prior to KPMG, Jasen was a founder and president of Quebera Solutions, where he set strategic direction and established the company as a trusted advisor for Access Management, Cloud Security and Federated Solutions.
  • Bill Ponseti, president and CEO, InEight Inc.: As CEO of InEight, Bill has applied his vision, knowledge and vast experience to bring together best-in-class technologies for the engineering and construction, oil & gas, mining, utilities and other project-centric industries. Under Bill’s leadership, InEight has acquired a number of companies, including Hard Dollar Corporation, Aeka Consulting and et alia. He also served as the architect for creating a recent strategic OEM partnership with SAP. Bill holds a Master’s Degree in Quantum Physics and a B.S. in Theoretical Physics, and was also awarded a Ph.D. in Quantum Mechanics.

“We have a deep bench of seasoned executives on our Board and are delighted to add these technology leaders,” said Steven G. Zylstra, president and CEO of the Arizona Technology Council. “Their experience and insight will be a tremendous asset to the Council as we focus on the next phase of our growth.”


Stat Doctors Hires 3 Executives to Support Expansion

Stat Doctors™, a leading eHealth solution providing 24/7/365 access to affordable quality care, added three senior-level executives to its growing staff to keep pace with the demand for convenient, high-quality telemedicine.

· Dyan Bymark joins as vice president of marketing. She is responsible for planning and executing marketing plans to achieve growth targets. A veteran marketer with more than 20 years of experience in health care and professional services, Bymark has held management and leadership roles with high-profile companies including Thomson West, PriceWaterhouseCoopers, Kronos Optimal Health Company, CIGNA Healthcare and ScriptSave.
· John Wilson joins as vice president of sales. He is responsible for recruiting, training and leading a national sales team as the company implements an aggressive growth plan. Wilson brings 25 years of business development and sales leadership experience from his roles at global organizations including KPMG, Marsh, Mercer and UnitedHealthcare where he recently served as vice president of key accounts Arizona, sales and account management.
· Pamela Gould joins as vice president of payor sales. She is responsible for cultivating business development opportunities with regional payors throughout the country. A Registered Nurse with an extensive clinical background, Gould brings more than 20 years of experience in business development and sales, most recently serving as vice president of sales for Integra.

“We made incredible strides in the eHealth industry in just a few years, emerging as a national leader. These new executives have the skills, experience and passion to help us grow even further and meet the demand for Stat Doctors around the country,” said Dr. Alan C. Roga, M.D., F.A.C.E.P., founder and CEO of Stat Doctors. “In addition to deep expertise in their disciplines, they each have the vision needed to support Stat Doctors’ growth while maintaining our quality and integrity.”

Stat Doctors is available as an additional health benefit through employer-provided health insurance coverage and group plans. With an average wait time of six minutes, patients can be treated for minor illnesses and common medical conditions online and over the phone, 24/7/365.

The American Telemedicine Association estimates more than 10 million Americans directly benefited from telemedicine over the past year, and this number is expected to more than double by 2016. Additionally, a survey from global analytics firm Towers Watson says 37 percent of midsize and large employers anticipate offering telemedicine services in 2015 as a low-cost alternative to face-to-face visits for nonemergency issues.

“More companies and insurance carriers are adopting eHealth solutions to not only save money, but provide patients with increased convenience and quality care,” Dr. Roga added. “At Stat Doctors, we strive to continue our efforts to pioneer the way virtual health care is delivered, offering high-quality eVisits that replicate the traditional patient-doctor relationship, yet at a much more affordable rate.”

Donna Witherwax

Donna Witherwax, CPA – 50 Most Influential Women in Arizona Business

Donna Witherwax, CPA – Partner, Grant Thornton

With more than two decades of experience, most recently as a partner at KPMG in Phoenix, Witherwax, CPA, joined Grant Thornton in 2012 as a tax partner and the overall tax practice leader for the firm. She is responsible for implementing the strategic direction of the practice, strengthening existing client relationships, identifying new opportunities and managing day-to-day oversight of the growing Phoenix office.

Surprising fact: “I was on the Villa Montessori board for over 15 years. I acquired land for them until we could put a bond financing in place for them.”

Biggest challenge: “Balancing work and children. I got up early, came home for dinner and then went back to the office after I put them to bed.”

Fifty Most Influential Women in Arizona Business – Every year in its July/August issue Arizona Business Magazine features 50 women who make an impact on Arizona business. To see the full list, read the digital issue >>

According to KPMG's 2013 survey, U.S., executives most frequently cited the Southwest (45%) and the Northeast (36%) regions as the best commercial real estate investment opportunities. Multi-family    topped the list  as most attractive property type.

KPMG Survey: Geographic Expansion Is Key Focus for Commercial Real Estate Executives


Propelled by increasing economic optimism, commercial real estate industry executives say geographic expansion will be a key focus over the coming year, according to a recent survey conducted by KPMG LLP, the audit, tax and advisory firm.

In the 2013 KPMG Commercial Real Estate Outlook Survey, 58% of executives said they expect their company to increase spending most on geographic expansion, up from 21% in last year’s survey and 11% from KPMG’s 2011 survey.

In the U.S., executives most frequently cited the Southwest (45%) and the Northeast (36%) regions as the best commercial real estate investment opportunities. Latin America (32%) and Asia Pacific (21%) were identified as the top real estate investment opportunities outside of the U.S.

“Market expansion is an important focus for commercial real estate executives as they strive to grow the top line,” said Greg Williams, national leader of KPMG LLP’s Real Estate practice. “Domestically, the Southwest and Northeast are attractive markets because they are experiencing higher job and economic growth and thus have experienced a faster recovery, with property prices in select sub-markets within these regions at or above pre-recession levels.”

>> Development Trends

When asked how much new development is expected to commence in the U.S. in 2014, multi-family was identified as the top sector with 43% of respondents expecting “a significant amount” to launch, down from 51% in last year’s survey which significantly outpaced other asset classes. Nineteen percent expect a significant amount of development in retail in 2014, up from 5% in last year’s survey, while 18% expect a significant amount of development in hospitality, up from seven percent in last year’s survey.

“Multi-family is still the darling, but all sectors are expected to see an increase in new development as access to financing has improved for these projects, and executives are more optimistic about the economy’s growth prospects,” Williams said.

Seventy-two percent of respondents expect the U.S. economy to either moderately or significantly improve over the next year, up from 58% in last year’s survey. Additionally, 84% said their companies’ revenue increased over the past year, while the same percentage expects it to increase next year as well.

>> Revenue Drivers

Acquisitions (53%), improving real estate fundamentals (44%), and geographic expansion (38%) were selected as the top three drivers for revenue growth of the respondents’ companies over the next three years.

Class A assets in primary markets (48%) and development opportunities (25%) were identified by commercial real estate executives as the top assets they would be in the market to acquire in the next year.

“While some markets are still stabilizing post-recession, there’s a flight to safety and security, and class A assets in primary markets continue to be the surest bets,” said Phil Marra, Northeast leader of KPMG’s Real Estate practice. “In some cases, however, we are seeing fresh approaches, such as new REITs forming to address opportunities in the single-family-home rental market.”

Twenty-five percent of those surveyed said their organization is finding an ample supply of quality properties that can deliver a sufficient return at reasonable prices, with another 60 percent saying their organization is not able to find quality properties at reasonable prices.

“Given that pricing is critical to producing sufficient yields, executives are being very selective as the availability of distressed assets has slowed,” he added.

Pricing pressures (32%), lack of customer demand (30%), and regulatory and legislative pressure (24%) were cited as the most significant growth barriers over the next year.

>> Political and Regulatory Uncertainty

When asked to identify the issues posing the biggest threat to business models, 40% of executives indicated political and regulatory uncertainty as their top concern. Thirty-three percent of respondents said they did not know how evolving Federal tax policy would impact their organization’s business strategy, while 27% said it would decrease their capital investment. Additionally, 67% said that their company was only somewhat prepared to proactively manage the impact of public policy and regulatory changes.

“The political and regulatory environment continues to pose challenges and uncertainty,”  Williams said. “To maximize their success, organizations should assess how potential regulations and tax policy changes will impact their businesses, and proactively manage those impacts.”

>> The KPMG Commercial Real Estate Outlook Survey

The KPMG survey was completed in spring of 2013 and reflects the responses of 100 senior executives in the commercial real estate industry. Based on revenue in the most recent fiscal year, 8% of respondents work for companies with annual revenues exceeding $10B, 36% with annual revenues in the $1B to $10B range, and 56% with revenues in the $100M to $1B range.