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OFS CFO Jim Houghton Wins 2014 CFO Hall of Fame Award
June 17, 2014, Newtown, PA. OFS CFO Jim Houghton was honored as the winner of the 2014 CFO Hall of Fame Award by the New Jersey Technology Council (NJTC) last Thursday, June 12 during their annual CFO Awards Breakfast at the Forsgate Country Club in Monroe TWP.
Jim was praised for his multiple achievements and diverse experience as an outstanding Chief Financial Officer for OFS as well as throughout his impressive career. OFS thanks Jim for his invaluable contributions and leadership and congratulates him on this exciting award!
Jim Houghton's Bio: Jim Houghton has spent over 25 years at the crossroads between finance, accounting and technology. He was the successful CFO of Princeton Financial Systems in the 1990s during its high-growth phase and through the time of its acquisition by State Street, where he worked alongside Rich Napoli, who served as PFS's head of Application Development at the time. More recently, he spent 12 years at Wall Street firms Morgan Stanley and Credit Suisse leading product and financial management for large technology organizations as part of their prime brokerage business areas. He started his career as a CPA at accounting firm Arthur Andersen and has also served as COO of private wealth manager Abacus and Associates. Mr. Houghton earned a BA in Accounting from the University of Washington and an MBA and Masters in International Affairs from Columbia University.
As CFO of OFS, Mr. Houghton has positioned OFS for aggressive growth. In less than a year, Mr. Houghton put financial controls in place by establishing a strong financial relationship with Silicon Valley Bank and established strong audit, tax and legal relationships with major super-regional accounting and legal firms. He evaluated, secured, and implemented new systems for accounting, expense management, human resources, payroll and contract management. He has substantially upgraded employee benefits to help attract the type of talent that will meet the expectations of our high profile customers. He also oversees and has upgraded the Human Resources and employee onboarding functions. Mr. Houghton reviews all contracts and customer proposals to protect the interests of OFS. He has joined his peers as a member of the NJTC CFO Network, and in his spare moments he manages to contact his network to acquire valuable leads for OFS. He has developed a clear accounting and operational framework for OFS and freed his management colleagues to focus on their deliverables and maintaining good customer relationships. Overall, Jim Houghton has been an essential force as CFO of OFS and has made huge contributions to transform our talented service organization into a very serious contender in the tech industry.
Outside of work, Mr. Houghton has served as the past President and current Treasurer of The Bridge Academy, a not-for-profit independent school serving language learning disabled children based in Lawrenceville, NJ. In addition, Mr. Houghton sings semi-professionally in classical music ensembles, stays fit by bicycling whenever time and weather permit, lives for travel both near and far, and enjoys trying to cook and of course eating food from the four corners of the globe as well.
About NJTC: The New Jersey Technology Council (NJTC) provides business support, networking opportunities, information, advocacy, and recognition of technology companies and their leaders. Founded in 1996, NJTC's member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States. www.njtc.org
About OFS: OFS helps clients build innovative software products that drive revenue for their business. OFS uses the latest in social, mobile, cloud and data analytics technologies to build software that is compelling, packed with innovative features, and designed for rapid evolution to propel customers past their competition. Founded in 1997, OFS has a deep heritage of building commercial products for software vendors, which has given them the insight and experience to create impactful software for any business. OFS has over 500 employees spread across its US offices in New Jersey, Philadelphia, Washington DC, Atlanta, and its offshore facility in Chennai, India. www.objectfrontier.com/