Ogden, Utah-based Tempus Global Data, an atmospheric and environmental data company, has named Aaron DeRose as the executive vice president of corporate development. Previously, DeRose worked at Mercato Partners where he was on the firm’s investment committee.
OGDEN, Utah, Jan. 14, 2016 /PRNewswire/ — Alan Hall, Chairman and CEO of Tempus Global Data, today announced the hire of Aaron DeRose, who joins Tempus as the Executive Vice President of Corporate Development. DeRose has recently been part of Mercato Partners, a middle-market private equity fund, where he served on the firm’s Investment Committee.
“We’re honored to bring on Aaron as leader of our corporate development strategy,” said Hall. “His valuable expertise will ensure we’re engaging with investors who will be a good fit for Tempus.”
DeRose is responsible for planning and executing the capital structure vision for Tempus, which includes all aspects of fundraising, investor relations, mergers and acquisitions, and corporate development. He oversees all key relationships with placement agents, investment banks, banking partners, and investment analysts within the industry.
“It’s rare to be part of something truly revolutionary,” said DeRose about his attraction to Tempus. “A perfect storm of events have come together for Tempus to be successful. We have truly disruptive technology. The value proposition of our data to our customers is far superior to competing solutions. The market opportunity is extremely large and proven. To top it off, we have an experienced team capable of executing our strategy. 2016 will be a huge year for us.”
During his tenure at Mercato, DeRose served as a director and was responsible for raising capital, sourcing new investment opportunities, negotiating transaction terms, structuring investment securities, leading due diligence efforts, and providing value to the Mercato portfolio. DeRose served with the Board of Directors of the following companies: Skullcandy, Stance, Cradlepoint, GoalZero, and Steelhouse.
DeRose holds a bachelor’s degree in business administration from the University of Utah and an MBA from Pepperdine University.
About Tempus Global Data
Tempus Global Data is an atmospheric and environmental data company headquartered in Ogden, Utah, that will deliver real-time data information and actionable intelligence for consumers, businesses, military and governments around the globe to meet their operational and profitability objectives. Once flying in geo-synchronous orbit, STORM sensors will take persistent and recurring slices of the atmosphere, which result in accurate and precise information about climate, water, weather and chemistry. For more information, visit http://www.tempusglobaldata.com.