Tom Fernan has operated two successful search funds. In 2006 Tom acquired RAK Associates, a software and IT services firm. The company launched two new software products and later launched a new IT managed services offering. Tom remains on the board of RAK while he seeks new acquisition opportunities. In addition to RAK, Tom worked with a partner in Rosemore Capital. Tom led the deal flow activities, negotiated with sellers, raised equity and debt financing and helped close an $18M transaction. Rosemore acquired a $3.2M EBITDA electronic medical records VAR in 2012.
Prior to beginning his entrepreneurial career through acquisition, Tom worked for IBM for several years serving on product development teams and working in project management roles. Tom earned an MBA from Carnegie Mellon University, where he won the Manufacturing Entrepreneur of the Year award. Tom’s undergraduate degree is in engineering.