IVDesk Names Hedge Fund Manager to Board

IVDesk Holdings has named Marc S. Usem to its board of directors. A managing partner at Usem Bergstrand Capital Management, Usem was previously a vice president and senior publishing internet technology analyst in the equity research department at Salomon Smith Barney in New York. According to IVDesk, Usem’s appointment is preparation for the company to become a direct public offering. Based in Minneapolis, Minn., IVDesk is a provider of IT solutions.


Minneapolis, MN (PRWEB) July 22, 2013
In preparation for its announced plans to become a publicly traded company, IVDesk Holdings Inc. has appointed Mr. Marc S. Usem, Managing Partner of Usem Bergstrand Capital Management, to its Board of Directors.
Mr. Usem has been a hedge fund portfolio manager at Usem Bergstrand Capital Management, LLC since the firm’s inception in 1999. Formerly, Marc was a vice president and Sr. Publishing Internet Technology Analyst in the equity research department at Salomon Smith Barney in New York. Before that, Marc worked as an Equity Strategist at Salomon Brothers in New York, focusing on the development of broad stock market investment themes while concentrating on small-cap strategy and stock selection for the firm’s small-cap recommended portfolio.
“Marc brings a deep financial background to his IVDesk Board responsibilities. Marc is an active investor in IVDesk, attending weekly management meetings in addition to monthly board meetings,” IVDesk CEO Bill Sorenson said. “In addition to his public finance background, he has been an active consultant and investor in the local private company debt and equity markets including telecom, healthcare, software, real estate, and medical services.”
Mr. Usem is active in the local community, serving as a judge for the high-tech division of the Minnesota Cup, as a past president and board member of the Edina Morningside Rotary Club and as a commissioner on the City of Edina’s Transportation Commission. Marc earned an MBA from the University of Chicago Booth School of Business and a Bachelor’s degree in computer science from Boston University.
“IVDesk has a unique, market proven service that takes the worry out of IT for small to mid-size business owners,” Marc Usem said. “The offering and our commitment to uncommon customer support positions us for growth.”
About IVDesk
IVDesk provides small-to-midsized businesses with a secure, reliable and surprise-free way to run IT. The Company provides a complete IT solution for customers including hosting all of a customer’s desktop and application services, providing 24/7 helpdesk support, and providing complete backup and disaster recovery solutions. This increases customer data security, improves employee uptime, increases mobile accessibility and eliminates IT hassles and surprises, while reducing IT costs by up to 50 percent over in-house IT solutions. IVDesk was a pioneer in hosted IT, and continues to lead the industry as more and more organizations move to a pay-for-use model for their IT services.