SAN DIEGO--(BUSINESS WIRE)--Ciphrex Corp, a leading software company in the emerging field of cryptocurrency and blockchain technology, announced that Carrie McQueen, a seasoned financial management expert, has joined its executive leadership team as CFO.
McQueen has deep-rooted expertise in successful technology startups. She started her career as a financial analyst on the early Qualcomm team, then led Websense from startup through their IPO. She has since served as CFO for several fast growing companies, including Social Reality, LifeVantage and Mast Therapeutics. Her broad experience ranges from early-stage funding to IPOs and public reporting.
“Carrie is an exceedingly talented and experienced finance professional. She has worked with several successful technology startups and excels in the areas of strategic financial management and capital funding,” said Enrique Lombrozo, co-CEO of Ciphrex. “We are extremely fortunate she is joining our team.”
McQueen served as VP Finance and Administration for Websense Inc. – a former Nasdaq-traded company that provides enterprise security solutions. She joined the company in its startup phase, led fundraising and growth through Series A (Morgan Stanley), Series B (Crosspoint VP), and completed a highly successful IPO in March of 2000.
As CFO for Mast Therapeutics Inc., a biotechnology company, McQueen completed a $20 million private placement with Carl Icahn Capital Management and a merger in 2005. As CFO of LifeVantage Corporation, she led the company’s financial turnaround, increasing market cap from $25 million to $350 million during her three-year tenure.
Most recently, as CFO of Social Reality Inc., she managed the financial integration of a significant acquisition and associated debt financing, resulting in revenue growth by a factor of 15, achieving profitability, and a doubling of the company’s market cap.
“Ciphrex presented an irresistible opportunity to join a brilliant, well-respected team in an industry ready for phenomenal growth,” said McQueen. “I’m eager to earn our place as a technology leader.”
Ciphrex creates technologies to build the peer-to-peer payment network infrastructure required to securely store and transact digital assets. The company’s enterprise grade software is based on public-key cryptography and blockchain technology focusing on four key aspects: security, simplicity, speed and scalability. Earlier this year, Ciphrex raised $500,000 in a fully-subscribed Series A stock issue and is on track for a Series B round offering.