Louis Hernandez Jr.

Louis Hernandez Jr. Email and Phone Number

Investor, Entrepreneur, Operator and Philanthropist @ Black Dragon Capital
Louis Hernandez Jr.'s Location
United States, United States
Louis Hernandez Jr.'s Contact Details
About Louis Hernandez Jr.

Louis Hernandez Jr. is the founder, managing director, CEO, and major investor of Black Dragon Capital. Hernandez is an award-winning entrepreneur, successful operating executive and investor, philanthropist, and author. He is a proven growth-oriented technology executive and investor with expertise in operational execution and results-driven performance in a variety of complex technical fields, including content management, e-commerce, sports and media, financial services, and digital payments. His focus and passion are to advance technology initiatives that specifically enable the active collaboration and connection between individuals, teams, and businesses. After years of successfully operating, advising, and investing in companies in all phases of development, completing all forms of financings in debt and equity in both private and public transactions, advising companies, board of directors, investors, and entrepreneurs, Hernandez envisioned the next generation of private equity when forming Black Dragon Capital. The firm would more deeply engage with entrepreneurs capturing the energy and spirit that was a part of his successful technology ventures while combining a sophisticated transaction and investing approach. This approach has been codified in the Black Dragon Toolkit℠.Hernandez believes operators have a responsibility to build and grow diverse teams and that superior performance directly correlates with diversity within companies. He is a sought-after leader, advising companies on how to plan to implement ethnic and gender diversity. Hernandez has been named Industry Innovator of the Year, one of the financial services industry’s five most innovative leaders, Ernst & Young New England Entrepreneur of the year, won numerous entrepreneurial awards, and was inducted into the Innovator Leadership Hall of Fame by Bank Technology. He earned his MBA and Bachelor’s in Business Administration from San Diego State University and a CPA license from the State of California.Through his philanthropic organization, For A Bright Future Foundation (www.forabrightfuturefoundation.org), Hernandez actively supports the equal access of underprivileged and underrepresented children to healthcare, education, the arts, and leadership development. The Cystic Fibrosis Foundation named Hernandez a Community Leader of the Year in honor of his many contributions to the community. Hernandez is also the author of three books: “Saving the American Dream,” “Too Small to Fail,” and “The Storyteller’s Dilemma.”

Louis Hernandez Jr.'s Current Company Details
Black Dragon Capital

Black Dragon Capital

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Investor, Entrepreneur, Operator and Philanthropist
Louis Hernandez Jr. Work Experience Details
  • Black Dragon Capital
    Founder, Chairman, And Ceo
    Black Dragon Capital Feb 2013 - Present
    Boca Raton , Us
    Black Dragon Capital℠ is a high-performing private equity firm, founded with an emphasis on diversity, operating and investment expertise in the fields they invest in, and deeper engagement with entrepreneurs in digital technology companies. It capitalizes on the ability of its management team and CEO to identify, acquire, and manage businesses in the sports and media technology, eCommerce, and payments and financial technology sectors. Companies can benefit from the team’s deep domain expertise developed through decades of direct operating and investment experience in these industries which has resulted in differentiated deal flow and an extensive global network.Black Dragon Capital℠ makes control investments in established and growing businesses that its team believes are fundamentally sound and that can participate in high growth sectors being disrupted by accelerated digitization. It targets companies that are poised to become market leaders in high-growth segments that could benefit from their team’s operational, strategic, and managerial guidance to maximize value for stakeholders. They work closely with entrepreneurs to build market-leading companies using their proprietary Black Dragon Toolkit℠. Since he transitioned full time to Black Dragon Capital℠ in 2018, the firm has grown enterprise value from approximately $90m in assets under management, as primarily a family office, to approximately $900m as of September 30, 2021, through its fund vehicles and related side-car investments in its fund’s portfolio companies since inception. Highlights:• All professionals have experience in operations and investing in the fields we invest in.• Diverse founder and team of professionals• Control investments in high-growth areas experiencing accelerated digital disruption.• Well above market-returns• Enterprise value of assets under management has grown from ~$90m to over $900m since 2018.
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  • Grass Valley
    Executive Chairman And Ceo
    Grass Valley Jul 2020 - Present
    Montreal, Quebec, Ca
    Grass Valley's end-to-end ecosystem of reliable, open standards-based solutions helps content creators, broadcasters, and media organizations to produce brilliant content and build successful media businesses. Our award-winning technology and trusted industry expertise empower our customers to create captivating experiences that connect people anywhere, on any device, through the magic of media.As the industry's R&D powerhouse, with the most comprehensive suite of solutions for compelling live content, we are the trusted partner to many of the biggest and most creative names in the media and entertainment business. We help our customers transition to IP and cloud-based infrastructures to enable flexible, scalable, and smart workflows. Our advanced solutions enable the production of rich, high-quality content that brings the viewer closer to the action; engages them with the story and connects them with each other.Headquartered in Montreal, Grass Valley has been in the media business for more than 60 years and was acquired by Black Dragon Capital℠ in July 2020.
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  • Open Banking Solutions
    Founder And Chairman
    Open Banking Solutions Mar 2023 - Present
    Launched in February 2023, Open Banking Solutions is an advanced cloud based digital banking platform designed to make community-based institutions more competitive. It boasts the most robust cloud core processor: multi-language, multi-currency, loan origination, and micro financing. As a third-party agnostic platform, Open Banking Solutions can integrate with client partners through favorable open-ended contracts and commercially friendly contracts. The next generation full suite of applications is led by industry veterans who have built some of the most recognized brands in financial technology.
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  • Payonward, Inc.
    Founder, Investor, And Chairman Of The Board
    Payonward, Inc. Nov 2021 - Present
    PayOnward is a Universal Payments Platform that allows all consumers (people and companies) to transfer funds for all purposes, in all currencies, to any beneficiary, anywhere in the world. PayOnward was built using state-of-the-art technology to include cloud nativity and agnosticism, UX design, angular and ionic code, API publication, and more. PayOnward embodies the payments evolution. The company was founded and funded by recognized industry veteran Louis Hernandez Jr, under the firm's new Accelerator program as an early test for this new investment vehicle.
  • Veep
    Founder And Chairman
    Veep Jul 2020 - Present
    Veep is a socially responsible SaaS based HR and Payments technology platform, designed to allow hourly employees, under-privileged and under-represented wage earners to access earned wages faster and at a lower cost than other exploitive alternatives, without exposing critical personal information about the employee. The company has created a proprietary HR retention and payment network that provides employers with an advanced technology platform that creates a powerful employee retention tool. Veep’s powerful tool provides incredible benefits to employees while allowing employers to increase retention and lower long term employee costs resulting in better service to their customers. Veep allows hourly employees to access earned wages as they are earned, at a dramatically lower cost, securely through the regulated community banking network, while avoiding any sale of personal information about the employee. This allows all wage earners, particularly underprivileged and underrepresented groups, to better manage their cash needs between traditional pay periods.
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  • Digital Joy
    Founder And Chairman
    Digital Joy Apr 2019 - Present
    Miami Beach, Florida, Us
    Digital Joy is a new innovative cloud-based Software-as-a-Service (SaaS) media technology company that partners with large media companies to bring innovative and proven Cloud-based solutions to the media industry. The company was founded and funded by recognized industry veteran Louis Hernandez Jr, under the firm's new Accelerator program as an early test for this new investment vehicle. The company is managed by a female recognized global media executive.
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  • Naveo Commerce
    Chairman Of The Board
    Naveo Commerce Jul 2018 - Present
    Sörnäinen, Helsinki, Fi
    Naveo Commerce is the perfect end-to-end eCommerce solution: from first click, to hand-picked, to last mile, to doorstep smile. They are one of only a few companies globally able to offer the entire end-to-end commerce support to retailers and wholesalers. They also provide eCommerce website consultancy and implementation. Their partnership with Magento and Episerver continues to operate as a core consulting arm under Maginus, a Naveo Commerce brand. Naveo Commerce is venture-backed by the US based eCommerce growth fund Black Dragon Capital. Today they employ retail industry experts and technology specialists in two different continents across three locations. The Naveo Commerce platform has won awards for the best user experience in 2015, best online store of the year in 2013, and comet of the year in 2012. Their proprietary recommendation technology is praised by IGD Retail Analysts. What’s more, they are listed alongside leading applications in the Gartner Digital Commerce Vendor Guide and eConsultancy’s Top 100 Digital Agencies Guide – both for two years in a row.
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  • Ladonware
    Chairman Of The Board Of Directors
    Ladonware Nov 2014 - Present
    Boca Raton, Florida, Us
    Open Banking Solutions (OBS) (formerly Ladonware) is the most experienced company creating and implementing technological solutions for financial institutions in Latin America and the United States. It has been an ally for the financial sector, dedicated to research, innovation, and the use of technology to increase its customers’ profitability and enables them to satisfy consumers. Recognized for its competitiveness, Ladon offers solutions for electronic banking, mobile banking, collections systems, business intelligence and regulation, international regulation, risk prevention, remittances and credit card, and core banking systems. The company has continuously maintained the ISO 9001: 2008 Certification and the implementation of CMMI DEV best practices.https://www.ladonware.com/
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  • Payveris
    Founder, Investor, And Board Member
    Payveris Jan 2011 - Aug 2021
    Cromwell, Ct, Us
    Payveris is the creator of The MoveMoney Platform, an Open API cloud-based platform enabling financial institutions to control, simplify and extend digital money movement capabilities to any application or device while lowering user experience friction, significantly reducing operating costs, and future-proofing IT investment. Payveris is one of the fastest-growing digital payment platforms in the United States. The Company was founded and initially funded by Louis Hernandez Jr. The Company was sold to Paymentus (NYSE: PAY) in Q3 2021.
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  • Enterworks
    Board Member
    Enterworks Jun 2018 - Feb 2019
    Sterling, Virginia, Us
    The EnterWorks Enable™ Multi-domain MDM and Product Information Management (PIM) platform provides a golden record of data, weaving together domains including buy-side and sell-side product, supplier, B2B/B2C customer, location, and physical/digital assets through its revolutionary Agile Data Fabric™ architecture.Enable stands out for its configurable, scalable and business-friendly platform designed for high user adoption, with no coding required. Implementation in as little as 90 days accelerates business value, providing the lowest total cost of ownership. With 100 percent customer referenceability, our company consistently receives among the highest satisfaction and loyalty scores in the industry from firms including Gartner® and Forrester®.As a market innovator, EnterWorks is also leading the way in emerging technology enablement for artificial intelligence (AI), augmented reality, machine learning, and more.
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  • Indus Software Technologies Pvt. Ltd.
    Board Member
    Indus Software Technologies Pvt. Ltd. Mar 2015 - Jul 2018
    Pune, Maharashtra, In
    Indus is now part of EbixCash; a leading payment solution provider that is emerging as one of the leading Financial Exchanges in India. Indus offers a specialized suite of products and technology solutions for Banking and Finance, Telecom, and Insurance Industries which support clients in over 40 countries. Our pioneering enterprise-level originations, receivables management, and debt management solutions are trusted by over 100 plus clients globally. Headquartered in Pune and with development centers in Chennai and Pune we support 150 plus implementations across the globe. The company’s solutions can be easily implemented and are capable of interfacing with a P2P (Person to Person) Lending exchange back-end systems of established lenders in the industry. The systems are designed to facilitate the movement of data seamlessly across front-end and back-end processes.In 2018, Black Dragon Capital has sold its share in Indus Software Technologies Pvt. Ltd. to Ebix, Inc. (NASDAQ: EBIX). Black Dragon initially acquired Indus in 2015. Since the company was acquired by Black Dragon it has grown revenues by 65 percent and adjusted its EBITDA by 90 percent, according to the company.
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  • Edison International
    Board Member
    Edison International Aug 2016 - Feb 2018
    Rosemead, Ca, Us
    Hernandez was appointed to the Board of Directors of Edison International and Southern California Edison in August 2016. Edison International, through its subsidiaries, is a generator and distributor of electric power, as well as a provider of energy services and technologies, including renewable energy. Headquartered in Rosemead, Calif., Edison International is the parent company of Southern California Edison, one of the nation’s largest electric utilities. Edison International is also the parent company of Edison Energy Group, a portfolio of competitive businesses that provide commercial and industrial customers with energy management and procurement services and distributed solar generation. Edison Energy Group companies are independent from Southern California Edison.
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  • Avid
    Chairman And Ceo
    Avid Feb 2013 - Feb 2018
    Burlington, Ma, Us
    Hernandez was the Chairman and Chief Executive Officer of Avid Technology, Inc., the leading provider of media technology trusted by creative and media professionals to make, distribute, and monetize the most listened to, most watched, and most loved films, television, music, and live events. Built upon a 30-year heritage of digital media innovation, and holding over 200 patents, Avid provides the media and entertainment industry’s most open, flexible, and scalable platforms and tools to the world’s preeminent community of media enterprises and content creators. With clients in over 140 countries, Avid’s widely proven products have earned hundreds of prestigious industry and technology awards, including 15 Emmys®, two Oscars® and, a Grammy®.Under Hernandez, Avid completed a successful turnaround and the company is now positioned as the cloud-based industry technology leader for the Media Industry. Together with an incredible staff and dedicated employees, Avid revamped and upgraded its entire product portfolio, navigated a difficult nine-year financial restatement, a de-listing and relisting on NASDAQ, recommitted to outstanding product quality and client service, and re-emerged as an award-winning technology innovator, with a performance based culture, resulting in a dramatic improvement to financial visibility going from ~13% to almost 75%, largely due to newly launched cloud based subscriptions and large multi-year enterprise deals that generated a massive contract backlog. By focusing on higher growth categories and cost discipline, the Company experienced a significant increase in Adjusted EBITDA of almost $100m (according to Company disclosures) since Hernandez became CEO. The Avid Customer Association (ACA), a key component to its strategy, has grown to almost 25,000 members and its signature event, Avid Connect, has become the industry highlight of the year. BDC remains a shareholder in Avid and a major cheerleader for the team.
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  • Avid
    Board Member And Lead Director
    Avid Feb 2008 - Jan 2013
    Burlington, Ma, Us
    Hernandez is a member of the board of directors of Avid Technology Inc., a publicly-traded company and worldwide leader in providing content creation and distribution technology tools for film, video, audio, 3D animation, gaming, and broadcast professionals. Mr. Hernandez was recruited to the board to help navigate a two-stage turnaround for this market leading media Technology Company. Improving profitability, realigning its product strategy and improving its growth prospects were key areas of focus for the board of directors and management. Mr. Hernandez joined the board due to a relationship with the CEO. Mr. Hernandez was the former Chair of Nominating and Governance Committee, former Member of Compensation Committee, former Chair of Compensation Committee, and former member of Audit Committee.Highlights:• Elected Lead Director in December 2011• Cost-cutting and divestitures• Advisor to Chairman and CEO• Became CEO in 2013
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  • Infosys
    Advisor
    Infosys 2014 - 2016
    Bangalore, Karnataka, In
    Hernandez was engaged as an Advisor to Founder and then CEO, Narayana Murthy, and the Board of Directors. The primary focus of his advisory work was on strategy, product rationalization and positioning, global market opportunity assessment and other related areas. Hernandez was on call directly to Murthy and was directed to work with related executives depending on the needs of the Company.
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  • Hsbc Holding (Nyse: Hsbc)
    Board Member
    Hsbc Holding (Nyse: Hsbc) Apr 2007 - Jul 2013
    London, Gb
    Hernandez served on the board of directors of HSBC North America Holdings Inc., the North American holding company for the consumer lending arm and principal banking subsidiaries in the U.S. and Canada of one of the largest banking and financial services organizations in the world. He also serves on the board of directors of HSBC USA Inc., an indirectly held, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the ten largest bank holding companies in the U.S. by assets; it is HSBC North American Holding’s principal subsidiary. He was the co-chairman of the HSUI Fiduciary Committee, a member of the HNAH, HBIO & HUSI/HBUS Audit & Risk Committee, and a member of the HNAH, HBIO & HSUI/HBUS Board of Directors.Highlights:• Navigated financial crisis including regulatory and economic exposure• Significant cost cutting• Divestiture and closure of several business lines• Transition of key management team members• Rationalize strategy within the global strategic framework
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  • Open Solutions Is Now Part Of Fiserv. Please Follow Fiserv At Linkedin.Com/Company/Fiserv
    Chairman And Ceo
    Open Solutions Is Now Part Of Fiserv. Please Follow Fiserv At Linkedin.Com/Company/Fiserv Nov 1999 - Feb 2013
    Glastonbury, Ct, Us
    Open Solutions, now part of Fiserv, was a global provider of state-of-the-art enterprise technologies for financial institutions. Serving approximately 3,600 financial institutions around the world.During Hernandez tenure, the company had grown revenues from approximately $12.9m to approximately $400m. The company had well above market organic growth complimented by 19 acquisitions under his leadership. The company had completed several rounds of financing with several forms of financial instruments with both private and public, debt and equity. Following a successful initial and follow-on public offering, the company completed a management buyout with an enterprise value of ~$1.4b. The proceeds were used to position the company for the next 15 years of growth with a series of dramatic investments totaling ~$100m. This included reorganizing from eleven profit centers to five functional units, recruiting a refreshed global management team, infrastructure system investments in a new general ledger, call center, CRM, billing and other centralized software, as well as completely rewriting its flagship product suite, upgrading all clients around the world and the launch of highly disruptive next generation industry products. The result is a product suite that the American Banker calls “mind bending” and Banking Technology News regarded as one of the Top 10 Companies to Watch in 2012 along with companies such as Google, PayPal and others. It was the only financial institution focused enterprise technology company listed. The company has gone from an annual net loss position to rapid profit acceleration and consolidated pro-forma EBITDA of ~$125m. Besides the Banking Technology News 10 Technology Companies to Watch report, Open Solutions has been named one of the 25 Fastest-Growing Technology Companies by Forbes Magazine, Connecticut Technology Council’s Fast 50; the Deloitte & Touche Technology Fast 500; and American Banker and Financial Insights’ FinTech 100.
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  • Icongo
    Advisor
    Icongo Apr 2010 - Jan 2013
    Montreal, Qc, Ca
    Hernandez is an advisor for iCongo, a leading next generation e-commerce platform provider, enabling customers to successfully run their mission critical e-commerce operations using iCongo's comprehensive E-Commerce Platform. Mr. Hernandez was recruited to help advise the leadership team by Huntsman Gay Global Capital, which led a recapitalization of this privately held company. Mr. Hernandez was asked to advise in managing high-growth environment profitability, evaluate acquisitions and provide technology strategy input. The Company was sold to SAP for approximately $1.6B.
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  • Unica Corporation (Nasd: Unica)
    Board Member
    Unica Corporation (Nasd: Unica) May 2009 - Oct 2010
    Sunnyvale, California, Us
    Hernandez served on the board of directors for Unica Corporation, a publicly traded company, until its acquisition by IBM in October 2010. Unica’s global suite of enterprise marketing (EMM) software and services is believed to be one of the most comprehensive in the market. Their marketing management solutions streamline the entire marketing process from analysis and planning to project management, execution and measurement. More than 800 companies worldwide depend on Unica for their enterprise marketing management solution. Mr. Hernandez was recruited to the Board to help increase profitability and stimulate growth while advising on the technology strategy of the product suite to adopt newer technologies for a Company that in many ways had created the category. Mr. Hernandez served on the Compensation Committee and the Audit Committee.Highlights:• Strategic product and positioning reassessment • Move toward web-based services• Key acquisitions and investments• Cost-cutting to drive profitability • Growth investments• Stock Price increased from $4.63 to $20.81 upon sale to IBM
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  • Mobius Management Systems
    Board Member
    Mobius Management Systems May 2005 - May 2008
    Us
    Hernandez served on the board of directors of Mobius Management Systems, Inc.; a publicly traded company, until its acquisition by ASG Software Solutions in 2007. Mobius provides integrated solutions for Enterprise Archiving and Records Management (EARM). It offers ViewDirect TCM suite of solutions that meet various enterprise requirements for managing and delivering content. Mr. Hernandez was recruited to join the board to help re-assess its strategy for a market it had helped to create but that had shifted dramatically. The company wanted to reignite a stagnant growth profile and increase profits. Mr. Hernandez served on the board’s Audit Committee.Highlights:• Rationalized product and technology suite• Recruited additional Board Members • Re-tooled certain key products• Cost rationalization to drive profits• Key advisor to CEO and lead director• Stock price increased from $6.31 to $10.05 open sale to ASG
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  • Rowecom, Inc. (Nasd: Rowe)
    Executive Vice President And Cfo
    Rowecom, Inc. (Nasd: Rowe) Feb 1997 - Nov 1999
    Louis Hernandez Jr. served as Executive Vice President and Chief Financial Officer of RoweCom Inc., an internet-based business-to-business electronic commerce content related software vendor. Mr. Hernandez was recruited by a board member of his previous company to join this start-up as an early executive. As the only EVP of RoweCom, he helped lead the Company from start-up to dramatic growth contributing to RoweCom’s initial web-based product launch, sales and marketing, business development, capital raising, and overall growth strategy. He was also instrumental in many key strategic alliances including Netscape/Sun Alliance (AOL), Barnesandnoble.com and Ariba. The Company raised several forms of both private and public capital including an Initial Public Offering (IPO) and grew from product launch to ~$300 million in revenues for 1999. Hernandez was recruited to Open Solutions by former investors and board members of this company.
  • Price Waterhouse
    Senior Consultant
    Price Waterhouse 1991 - 1996
    Savannah, Georgia, Us
    Responsible for managing multiple audits and advisory engagements and other projects within the Audit and Advisory Business Services Group of Price Waterhouse LLP. The client base consisted primarily of high technology and manufacturing entities ranging from start-ups to those with over $5 billion in revenues.
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Louis Hernandez Jr. Skills

Leadership Project Management Accounting Customer Relationship Management Board Of Directors Strategy Commerce Avid

Louis Hernandez Jr. Education Details

  • San Diego State University
    San Diego State University
    Master Of Business Administration - Mba
  • San Diego State University
    San Diego State University
    Business

Frequently Asked Questions about Louis Hernandez Jr.

What company does Louis Hernandez Jr. work for?

Louis Hernandez Jr. works for Black Dragon Capital

What is Louis Hernandez Jr.'s role at the current company?

Louis Hernandez Jr.'s current role is Investor, Entrepreneur, Operator and Philanthropist.

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What schools did Louis Hernandez Jr. attend?

Louis Hernandez Jr. attended San Diego State University, San Diego State University.

What skills is Louis Hernandez Jr. known for?

Louis Hernandez Jr. has skills like Leadership, Project Management, Accounting, Customer Relationship Management, Board Of Directors, Strategy, Commerce, Avid.

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