Cobalt Technology Solutions
Company Employees
Paul Fonolla
Sr. Director of Global Professional Services @Point of Rental Software
Verified
My forte is to drive growth and scalability from the operational perspective, to help organizations achieve and exceed corporate goals. My career path has taken me through executive positions such as Chief Technology Officer, Chief Operating Officer, Chief Executive Officer, Board of Directors, and Advisory Board member in several companies with first-hand experience in the USA, Canada, Europe, Latin America, Africa, and the Middle East, overseeing more than 12 subsidiaries and done business in more than 48 countries. I have exceeded operational forecasts during economic downturns and in volatile markets. Consider a sampling of my accomplishments: • P&L Management: managed P&Ls exceeding $30 million. • Cost content and efficiency: reduced HRsmart R&D costs by more than 30%, increasing efficiency and opening overseas Development Centers. • Startup & Fundraising: raised funding several times, including $30 million in launching a mobile data telecommunications company. • Product Management: designed best-in-class SaaS Talent Management Suite, creating unique opportunities for HRsmart to generate a revenue increase exceeding 20%. • Project Management: Led directly and indirectly (via direct reports) more than 1000 projects all around the globe, following PMI (Project Management Institute) best practices and developed my own methodology (variance of waterfall and agile). • Revenue Generation: presided over 15 times annual revenue increases over 10 years at HRsmart. Drove International revenues from zero to 35% of total corporate revenue using a mixed strategy of partners and direct sales. • M&A: orchestrated two multimillion-dollar M&A deals while penetrating the United Kingdom and South Africa markets. • Established and operated a network of Centers of Excellence (outsourcing centers) in Latin America, Europe, Asia, and the Middle East to provide Software Development and BPO services to 3rd party companies. • Customer Experience: achieved 98% customer retention rate -above industry standards for TalMore...