CFO of Energy Distribution Partners Recognized for Managing Business Growth and Raising Over $100m with Sage Intacct Solution
ATLANTA, Dec. 18, 2018 (GLOBE NEWSWIRE) — Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced that Mark Janek, CFO of Sage Intacct customer, Energy Distribution Partners (EDP), is the recipient of the Finance Executives International (FEI) 2018 Chicago CFO of the Year Award. Since joining as CFO, Mr. Janek has overseen 15 acquisitions, been a key part of raising $100m in funding, and managed five-fold growth using Sage Intacct’s cloud financial management software.
The award, bestowed by the Chicago Chapter of FEI, honors senior financial leaders who have made significant contributions to a business or non-profit in the Chicago area. Mr. Janek was named winner in the Mid-Size Private Company category.
Mr. Janek joined EDP in 2014 as the company’s CFO. Recognizing that the company required new back-office technology to support ongoing and scalable growth, Mr. Janek, with the help of Sage partner Armanino, leveraged Sage Intacct, a solution available on Sage Business Cloud, to improve EDP’s internal processes and controls.
Using these technological and operational enhancements to increase lender and investor confidence, EDP was able to raise over $100 million in capital to support the company’s acquisition activities, which are foundational to its ethos. Now the 15th largest propane distributor and retailer in the US, and five times the size from when Mr. Janek joined the organization, EDP is about to complete its 20th acquisition.
“Sage and our partners, such as Armanino, are committed to helping customers achieve their most ambitious business and growth goals and initiatives,” said Rob Reid, EVP and Managing Director of Sage Intacct. “This award validates Mark’s leadership and vision as CFO of EDP, as well as the value and supportive foundation the Sage Intacct cloud financial management solution delivers to rapidly growing companies.”
“It’s an honor to be recognized by the Chicago Chapter of FEI,” said Mr. Janek. “There are unique challenges to being a high growth, acquisition-based company, and it was critical that we have a sophisticated system to help manage that growth and position EDP as an industry leader. Sage has been a valuable partner throughout that process.”
The award recipients and nominees were honored at the 2018 Chicago CFO of the Year® networking and awards gala at the Marriott Chicago Downtown Magnificent Mile. See the complete list of all Finalists and Recipients of the FEI Chicago Chapter 2018 Chicago CFO of the Year Award: https://www.chicagocfo.org/finalists-recipients
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