David J. Levy (BS/TPR ’84, MSIA ’85)
Chief Financial Officer
Envisionier Medical Technologies
David J. Levy joined Envisionier Medical Technologies, Inc. as Chief Financial Officer in 2007. Envisionier www.envisionier.com is the developer of the first battery operated, portable, hand-held endoscopic video camera with integrated viewing and archiving capability which fits in the palm of your hand. It is a 3 year old early stage medical device company who recently entered into an exclusive distribution agreement in the ear, nose and throat vertical with Medtronic (NYSE:MDT) to distribute its endogo product. Since his appointment, he has spearheaded $2M of equity financing, recruited a new COO and shored up several key risk management areas. The most recent round of funding was 31% higher than 1 year ago.
From 2004-07, he served as an advisor and fundraiser to Seawright Holdings, Inc., the owner of Seawright Springs, Virginia’s largest commercial water spring (OTCBB: SWRI). The 3 year ROE for Levy’s investors was greater than 5x.
From 1999-2007, he was a principal at Value Advisors, Inc., a McLean, VA firm specializing in ad valorem tax appeals and real estate valuation. Mr. Levy currently is an investor in numerous commercial real estate ventures as well as several private equity investments. In ad valorem matters, he has represented several institutional clients, including Citicorp, TA Associates (largest U.S. real estate pension advisor) and Giant Food Services (GFS) Realty. Since 1999, Valorem has saved its clients in excess of $15 Million in taxes.
From 2000-2002, he served as the President of Roam Secure, Inc., a wireless communications software company located in Arlington, VA. During his tenure, he helped to secure equity and debt financing, hire staff, develop the business plan and oversee development of three software products. The company sold its Roam Secure Alert Network software www.roamsecure.net to all DC area jurisdictions, the Cities of Philadelphia and San Francisco, Valero Energy, Medstar Hospitals as well as the White House and the U.S. House. The emergency notification software is used by thousands of first responders and citizens for traffic accidents, fires, crime prevention, weather crises and in disaster planning. In 2002, Mr. Levy joined Roam Secure’s Board of Directors. Roam Secure has been featured in The Washington Post, Washington Business Journal, ABC News7, News Channel 8 and The Wall Street Journal Online. In 2007, Cooper Industries (NYSE:CBE) purchased Roam Secure. Total return on invested capital was greater than 30x, a 60+% annual return.
From 1997-1999, he served as Director in the PricewaterhouseCoopers (PwC) LLP State Tax Consulting Group where he was the Southeast Region Leader, Property Taxes. PwC is the merged firm of Price Waterhouse and Coopers and Lybrand. Mr. Levy specialized in large-scale property tax engagements, valuation, advocacy and cost segregation. His work in assessment appeals and cost segregation covered all property types and led to several six figure and two seven figure client refunds. In 1997, Coopers & Lybrand purchased two firms he co-founded, PTS and STS. On a $25,000 investment in 1989, PTS subsequently produced an 8 year IRR of 900%.
Prior to joining Coopers & Lybrand LLP (C&L), Mr. Levy co-founded Property Tax Specialists, Inc. (PTS) and Storage Tax Specialists, Inc. (STS). From 1989 through 1997 he co-managed these high-growth property tax boutique firms that achieved annual revenues of $2.5 million. In 1994, Property Tax Specialists was selected by Inc. magazine for inclusion in the “Inc. 500,” signifying it as one of America’s 500 fastest growing private companies. Clients included AvalonBay, AIMCO, Safeway, Amoco, Shurgard, Public Storage and GE Capital. Mr. Levy was also featured in business periodicals including Washington Post, Washington Times, Inc., Success and Washington Business Journal.
From 1985-1989, Mr. Levy was a senior analyst for Hughes Aircraft (Los Angeles) and COMSAT (Washington, D.C.) where he specialized in financial analysis of satellite and telecommunications project feasibility. At Hughes he developed probabilistic models for satellite launch insurance decisions, analyzed the economics for dedicated T-1 usage and published articles on satellite communications as a remote tele training broadcast medium. While at COMSAT, he was the lead analyst for “The Future Global Satellite Systems Study”, which compared the economics and competitiveness of satellite versus fiber optics for global telephony, data and video communications. In 1984, Mr. Levy was a summer intern for AT&T while an MBA candidate.
Mr. Levy earned an accelerated (5 year) BS/MBA joint degree from Carnegie Mellon University, where he was a member of the university’s basketball and baseball teams and was awarded an international summer internship with Hitachi, Ltd. in Japan (1983). He is also a graduate of Landon School in Bethesda, MD. From 1995-2000, he served as a member of the Board of Directors, Junior Achievement of the National Capital Area and a volunteer high school instructor. In 1996, he was named by The Washington Business Journal to its “Forty under Forty,” a list of under-40 business leaders who have also focused on community and volunteer work. He also served as a volunteer mentor to two H.D. Woodson High School (Washington, D.C.) students in the “Hoop Dreams” Basketball Scholarship Program. From 1995-1999 he served as a volunteer basketball coach in recreational leagues in Montgomery County, MD and McLean, VA. He is an investor and serves on the board of ByTheZip, Inc., an online advertising and SEO business.