James Walbom Nominated for CFO of the Year Award by AZ Big Media

In recognition of his contributions in helping Tiempo Development (a nearshore software development outsourcing firm with over 220 employees) achieve a three-year growth rate of 168%, resulting in a 4th straight year on the inc 5000fastest growing companies list, AZ Big Media and Financial Executives International have selected James Walbom as a finalist for the 2014 CFO of the Year Awards.

Tiempo Development provides nearshore (Mexico based) outsourced software development services to US companies. Tiempo was recently recognized by Software Guru (SG) Magazine as one of the top ten software companies to work for in Mexico. Tiempo recently opened its third development center in Guadalajara, Mexico and has grown it to over 45 employees in under 12 months.

James has over 15 years of experience in corporate finance, strategic planning, and corporate development. Prior to joining Tiempo, he was the Managing Director of Commercialization at the Translational Genomics Research Institute (TGen). He also oversaw business operations for a $45 million strategic initiative in Personalized Medicine. Previously James served as Chief Financial Officer at Desert Document Services, Inc., one of the nation’s leading mortgage lending Software as a Service (SaaS) providers. He successfully led the company’s efforts to be acquired by Wolters Kluwer in January 2007. Prior to Desert Document Services, James served as a Principal at Milestone Equities, Inc., a venture capital investment company located in Austin, Texas where he was directly involved in deal origination, transaction negotiation, and portfolio management providing key operational & financial support to a portfolio of early stage technology companies.

Mr. Walbom is also an active supporter of a non-profit organization (Venture Fellows) he founded in 2001. The Venture Fellows program is one of the leading graduate level venture capital training programs in the United States. Since its inception this program has successfully graduated over 200 MBA students, received national recognition, and become one of the most sought after areas of study at the University of Texas at Austin MBA program. James is an internationally recognized speaker on the topic of capital formation and business innovation.

The CFO of the Year event is presented by the Arizona Chapter of Financial Executives International (FEI) and premier sponsors such as: Deloitte, Keyser, Marsh, US Bank, and Vaco. Az Business Magazine is the Media Partner for the annual CFO of the Year Awards. The 2014 CFO of the Year Awards and Dinner Reception is set for Thursday, November 13, 2014 at the Camelback Inn Resort beginning at 6pm.

The CFO of the Year Awards are given to professionals for outstanding performance in their roles as corporate financial stewards. This program provides many benefits to the business community by highlighting the important roles that financial executives play within the region. In addition to the awards, AZ Big Media will publish a special report that will accompany the November/December issues of Az Business Magazine.