TAMI L. FRATIS
Chief Executive Officer
Tami Fratis became IPR’s chief executive officer on April 29, 2013, but is far from new to the company. Tami has been a director of IPR since the company’s formation approximately 11 years ago, throughout which time she was instrumental in its growth and development, actively serving on each the compensation, strategic planning, audit, and financing committees of the board. Tami brings 25 years of C-level experience and governance skills to IPR, including a laser-focus on reducing risks and developing innovative ways to increase profits at the fund and company level.
For more than two decades, Tami has developed business experience in portfolio management and all aspects of the investment process for both private and public companies. Her areas of expertise include mergers and acquisitions; strategy development and implementation; operational improvement; new business development, and direct capital investment. Tami has served as an interim CEO, CFO, COO, and CMO for start-up to pre-IPO companies and has also provided her services at the request of private investors, creditors, and Mid-Atlantic—based venture capital funds; including TL Ventures, Safeguard Scientifics, IL Management, LLR Equity Partners, Phoenician Ventures, Murex Investments, and Meidlinger Partners. Her track record demonstrates an ability to successfully enter and exit businesses, raise capital, and syndicate deals, as well as increase revenue, reduce costs, and increase shareholder value.
A key figure in the Mid-Atlantic business and financial community, Tami served for a decade on the investment advisory committee for a PA Commonwealth—sponsored seed technology fund (Ben Franklin Technology Partners – Southeastern PA) and was appointed in 2005 to the State of Delaware’s investment review board. She is a former director and chairman of the Philadelphia Alliance for Capital and Technologies (PACT), a former executive committee member and director of the Greater Philadelphia Chamber of Commerce, and former president of the Wharton School of Business Alumni Association of Philadelphia, where she earned her Masters of Business Administration in finance, strategy, and entrepreneurial management. Tami earned her Bachelor of Science degree in mathematics, with a minor in economics and physics concentration, from Dickinson College in Carlisle, Pennsylvania.
Tami has served the community in many ways, including as a Trustee of Northwestern Human Services (NHS), a $500 million, multi-state, provider of mental health and human services, and at Wilson College, where she serves as part of the investment and audit committees. She is active with the West Point Society of Philadelphia and serves as an ambassador for Wharton Business School.
President & CTO
Entrepreneur, Engineer, Business Builder, Native Californian (Venice Beach) 32 years of technical and business experience.
Jim started out after obtaining a Bachelor of Science Degree Computer Science with a minor in electrical engineering (BSCS) in a software development position for a CA-based MIT/Stanford think tank named Unified Technologies. After three years with this group, he followed his heart and landed in Phoenix AZ at Engineered Systems where he was a fuel systems software engineer responsible for the development of automated fuel delivery systems for gasoline distributors. When offered the opportunity to join the Tempe, AZ Motorola team he jumped at this prestigious opportunity and over the next five years he worked as a global network software engineer responsible for the development of a global semiconductor test network for Motorola.
Jim left Motorola for a better opportunity at IBM where he became a senior factory automation software engineer, designing and engineering factory control systems and specialized tools, which took him to the IBM’s semiconductor plants in Boca Raton, FL and Poughkeepsie NY. At IBM in addition to the first role for which he was hired he had a number of other separate and distinct roles including:
1. OS/2 device driver group manager managing 15 engineers, and;
2. Game developer managing new game development software engineers.
After IBM, Jim became the senior engineer managing the switch management software group at Siemens EWSD in FL. As the head of this group he managed a 12-person software development group responsible for management of U.S.-based EWSD phone switches (3mm+ phone lines per switch).
After twenty years of software engineering and project management, in 2003, Jim launched his entrepreneurial career as the founder and CEO of 1Vault Networks in Boca Raton and Ft. Lauderdale, FL. This company grew to a $12 million annual run rate with a 36.8% EBITDA and trailing twelve-month actual revenue of more than $10 million. In December 2009, the company was sold to Peak10 and returned just under a 100% IRR to investors. In 2013, Jim co-founded Next Solutions Group and Axios Hosting in Boca Raton, FL, which merged into IPR in first quarter 2015.
JOHN P. (SEAN) MEENAN
Senior Vice President & Chief Financial Officer
Sean Meenan joined IPR International as chief financial officer in April 2006. An attorney with a Masters in Taxation, Sean brings 20 years of hands-on, practical business experience to IPR, having served in positions as director of tax for P. H. Glatfelter Company, a global supplier of specialty paper and engineered products; Seton Company, a global manufacturer of quality automotive leather; and as vice president of taxation and in-house tax counsel for SCT Corporation (NASDAQ:SCTC). In addition to these roles, Sean has served as chief financial officer and chief operations officer for IDC Partners, a business continuity consulting firm that introduced him to the world of business continuity and disaster recovery services.
During his career, Sean has also served as an adjunct professor in business taxation at Cabrini College, where he designed and taught courses about the tax implications of various corporate structures on the owners of those businesses. He served on the Board of Directors of Cabrini College Cavalier Club from 1995 through 1997 and has been recognized in Who’s Who in American Colleges and Universities.
A member of the American Bar Association as well as the Pennsylvania Bar, Sean has also been a member of the Tax Executives Institute and the Manufacturers’ Alliance Tax Council III and co-chaired the SCT National United Way Campaign from 1998 to 2000.