Tech Councils Honor Local Chief Financial Officers at 10th Annual CFO Awards

Paul Saleh of Sprint Nextel Named Public Company CFO of the Year Jorge Forgues of iDirect Technologies Named Private Company CFO of the Year

Herndon, Va., June 8, 2006 - At a banquet of more than 850 financial professionals last night co-hosted by the Northern Virginia Technology Council and the Tech Council of Maryland with participation from the DC Tech Council, winners were announced for the 10th Annual Greater Washington Technology CFO Awards. These prestigious awards recognize chief financial officers for extraordinary achievement and excellence in promoting the development of the Greater Washington region's technology community.

"The winners and finalists recognized tonight are gifted financial executives and outstanding representatives of the Greater Washington technology community," said Bobbie Kilberg, President and CEO of Northern Virginia Technology Council. "Our region continues to set the standard for global technology excellence and each of our finalists and winners have set that standard of excellence in the financial arena."

An independent panel of financial leaders selected winners for each of the following five categories: Public Company CFO of the Year, Private Company CFO of the Year, Financier of the Year, Community Service Award, and the Michael G. Devine Hall of Fame Award.

"We congratulate tonight's winners who help us celebrate the tenth year of the CFO Awards," said Julie Coons, Chief Executive Officer of the Tech Council of Maryland. "Their extraordinary accomplishments keep the Greater Washington area among the nation's top technology power centers."

Paul Saleh, CFO of Sprint Nextel, was named Public Company CFO of the Year in recognition of the important role he played in the merger of Sprint and Nextel Communications in 2005. This award is presented to a chief financial officer for outstanding contributions to his/her public company's performance and accomplishments from January 2005 until present. The other finalists for this award were: Jeffrey Babka, NeuStar, Inc; Judith Bjornaas, NCI, Inc.; Stephen Hughes, SRA International, Inc.; and Arthur Locke, MicroStrategy.

Jorge Forgues, Senior Vice President and CFO of iDirect Technologies, was named Private Company CFO of the Year for his leadership during the company's acquisition last year by Singapore Technologies. This award is presented to a chief financial officer for outstanding contributions to his/her private company's performance and accomplishments from January 2005 until the present. The other finalists for this award were: Wesley Husted, Abraxas Corporation; Alan Stewart, ICF International; Patrick Walsh, iBiquity Digital Corporation; and Tom Weston, Apogen Technologies.

Arlington Capital Partners was named Financier of the Year for their numerous transactions last year, including four acquisitions and three add-on acquisitions and the sale of portfolio company Apogen Technologies. This award is presented to a venture capitalist, investment, merchant or commercial banker who has contributed to the economic development of the Greater Washington region's technology community. The other finalist for this award was: Tom Peltier, Stifel, Nicolaus & Company, Inc.

Kevin McNerney, Partner, Updata Capital, received the Community Service Award for his numerous community service endeavors, including his role as Chairman and co-Founder of "Swing for the Cure," a local charity dedicated to supporting breast cancer research and finding a cure. This award is given to a chief financial officer or financier who, in addition to excelling at his/her job, has given his/her time and energy to improving the Greater Washington region's technology community. The other finalists for this award were: Linda Gentry, Center for Innovative Technology; Tim Meyers, Updata Partners; Stephen Movius, Northrop Grumman; and Stephen Peck, Tatum LLC.

Michael Mancuso, CFO, General Dynamics, was honored with the Michael G. Devine Hall of Fame Award upon his retirement to honor him for his exceptional contributions during a long and distinguished career in the technology community. This award recognizes a chief financial officer or financier whose contribution has significantly and uniquely impacted the Greater Washington region's technology community during the course of his/her career.

KPMG LLP was the Platinum Sponsor of this year's event.

About Northern Virginia Technology Council:

The Northern Virginia Technology Council (NVTC) is the membership and trade association for the technology community in Northern Virginia and is the largest technology council in the nation. NVTC has about 1,100 member companies representing more than 188,000 employees. Its membership includes companies from all sectors of the technology industry and the service providers that support these companies, as well as universities, foreign embassies, non-profit organizations and governmental agencies. NVTC is recognized as the nation's leader in providing its technology community with networking and educational events, specialized services and benefits, public policy advocacy, branding of its region as a major global technology center, initiatives in targeted business sectors and in the international, entrepreneurship, workforce and education arenas, the Equal Footing Foundation that focuses on venture philanthropy and public/private partnerships, and The Entrepreneur Center @NVTC to mentor new technology entrepreneurs.

About Technology Council of Maryland:

The Tech Council of Maryland's mission is to serve as the preeminent technology think-tank where executives discuss ideas, innovate, and solve technology issues that lead to bigger business. Tech Council of Maryland members are from industry, government, academia and the service provider industry and provide environment where technology companies meet, learn and collaborate and to be Maryland's best technology networking organization. The Tech Council has more than 600 member companies representing more than 200,000 forward thinkers throughout the state. The Tech Council of Maryland is supported in part by a grant from Maryland's Department of Business and Economic Development (DBED).

Media Contacts:

Nancy Rollman
Northern Virginia Technology Council
703-904-7878 x287
nrollman@nvtc.org

Scott Warner
Qorvis Communications
703-744-7824
swarner@qorvis.com

Related Links

Hosts
Northern Virginia Technology Council
Tech Council of Maryland
Washington DC Technology Council

Platinum Sponsor
KPMG LLP

CEO John Keely of iDirect comments on Private Company CFO Winner Jorge Forgues

Windows Media 56/150k 300k Real Player 56/150k 300k

CEO Gary Forsee of Sprint Nextel comments on Public Company CFO Winner Paul Saleh

Windows Media 56/150k 300k Real Player 56/150k 300k

CFO Awards Hosts, Platinum Sponsor and Winners

CFO Awards Hosts, Platinum Sponsor and Winners
Hi-Res Photo Download

Michael Mancuso, CFO
General Dynamics
- Michael G. Devine
Hall of Fame Award

Michael Mancuso, CFO of General Dynamics
Hi-Res Photo Download

KPMG Logo

Logo Download