Doug Ruth Email & Phone Number

Minneapolis

Its fitting that the partial definition of Itasca, is the latin word for truth. At Itasca Partners we strive to help growth focused businesses with the challenges associated with Operations Development, Financing, and Growth Initiatives. Sometimes our services are as simple as helping our clients see the forest through the trees and providing guidance and operations support. Other times there may be more systemic issues either with the business model or strategic execution that can't deliver in an agile economy. And yes, sometimes the truth hurts, but we strive to focus on the 20-percent that will make 80-percent of the difference from strategy all the way through the plumbing of a business, engaging employees and stakeholders in the success.

Led a team of highly talented chemists and fire industry professionals to change the way the world fights fire. Key accomplishment included leading multiple rounds of private equity funding; building an international product distribution network spanning 7 countries; developing a patented, non-toxic product 10 times more effective at putting out fire than water. EarthClean was featured in every major fire industry journal and three major TV programs, including Nova, The Discovery Channel and TPT; EarthClean won the Minnesota Cup and the North Central Cleantech Open against a combined 1,200 companies.

Greater Minneapolis-St. Paul Area

Provided highly talented management consultants and interim resources to fill talent acquisition gaps in the corporate and life science universes.Key accomplishments: conducted market research to determine the company’s sales, marketing, and pricing strategies; led development of the application that maintained the data analytics and talent database; built a pool of over 300 colleagues to create substantial bench strength for clientele; and led the spin-out and ultimate sale of Vallon LifeScience.

Greater Minneapolis-St. Paul Area

Responsible for the technology mergers and acquisitions practice, focusing on businesses handling information under a recurring or predictable revenue model.Key accomplishments: sourced and signed engagements with four privately held companies to represent shareholders as their exclusive investment banker in separate sell-side transactions; led a buy-side engagement representing a $120M private equity; authored the 2004 Information Utility (IU) Outlook Report focusing on investment banking and valuation analysis of publicly held companies; created the Cherry Tree IU Performance 100 Index and associated indices to track and analyze 100 publicly held IUs; and created the weekly IU Industry Update.

Vitesse Networks/ ORIGIX was a fiber deployment and managed service provider, and one of the first companies in the U.S., to deploy a gigabit Ethernet fiber optic network that provided bundled Internet Protocol (IP) services, including metro-area VLAN, intelligent Internet access, and remote data storage.President & CEO, DirectorRecruited by lead investment firm and tasked with establishing a new vision, strategy, and operating plan for this ailing telecommunications company• Created a new business strategy that successfully converted company from a bandwidth trading firm to an innovative managed service provider providing hosting and metropolitan area network services• Raised multiple rounds of private equity and increased valuation 400% round over round• Grew sales in the first year 88%• Reduced debt by $1M while cutting net operating burn from $300K to $65K per month• Completed strategic acquisition of Dynamic Broadband, Inc. reducing cost of the company’s optical network deployment by $2M• Successfully led the organization until its sale, in an all stock transaction, to a regional network services provider in 2003

Greater Detroit Area

SUPC was a publically-held management consulting company with two subsidiaries, one which specialized in digital business transformation of e-health services to the healthcare industry and another, Enterprise Consulting Group, which specialized in providing software development, IT consulting, and system integrations services to virtually all industry segments.Senior Vice PresidentResponsible for all technology services merger and acquisition activity. Concurrently, as President of Enterprise Consulting Group, led the fast and profitable growth of this software and telecommunications services subsidiary. • Key contributor to corporate revenue growth from $35M to $128M in two-years• Increased market cap from $140M to $470M as stock price grew to $14 from $47 per share• Met or exceeded analyst expectations for eight straight quarters• Grew the subsidiary to $19M from $3M in less than two years;• Built a national sales organization that delivered a 1,380% growth in sales in two-years• Negotiated strategic alliances with Microsoft, Netscape, IBM and Lotus• Received the Beacon Award for the “greatest industry impact” from Lotus/IBM for developing a supply chain software application that saved Chrysler over $2 billion in one year

Greater Detroit Area

See above "concurrent" postion

Greater Minneapolis-St. Paul Area

Epic was an international management consulting firm that specialized in supporting CIO’s and their IT initiatives through consulting, IT system design and deployment, technology architecture and infrastructure design as well as early web-strategy development.Executive Vice President,Oversaw Operations, Business Development and Client /Project Management• Successfully transformed company from a purely telecommunications oriented company to full service technology management consulting firm serving many Fortune 500 companies• Delivered management consulting services to companies such as Owens Corning, Comerica Bank, Wells Fargo, Polo Ralph Lauren, • Grew company 1,600% in only five years• Acquired by LARSON-ALLEN LLP then serving as Principle and Board Member.

Ba, International Business

Activities and Societies: Founder and President of the Society for the Advancement of Business Students

International Business

Part of my International Business Degree program at Augsburg University, where I extended my stay and course selection as I worked at AT&T.