VC-Backed MarginPoint Names New VP of Finance

MarginPoint said Monday that it has named Richard A. Pytak as vice president of finance. Prior to joining MarginPoint, Pytak served as CFO at Avantair. Based in Lake Forest, Calif., MarginPoint, which is backed by The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures, is a provider of cloud solutions for the industrial sector.


Lake Forest, CA (PRWEB) August 12, 2013
MarginPoint — a leading provider of cloud-based indirect material management solutions — today announced the addition of Richard A. Pytak as their new Vice President of Finance. With almost 30 years’ experience in accounting and finance, Pytak has an extensive background in facilitating the growth of manufacturing and distribution companies through refining existing initiatives and identifying new opportunities.
“In the past few months, MarginPoint has taken significant steps to prepare for accelerated growth. We’ve relaunched with a new corporate brand and we are successfully delivering on our strategy to develop the next generation of indirect materials management software,” says Vince Sheeran, CEO of MarginPoint. “The addition of a vice president of Rick’s caliber demonstrates our focus on building an infrastructure to support the company’s significant growth in the coming years.”
Pytak brings extensive financial management, as well as mergers and acquisitions, experience to MarginPoint. He previously held the position of Chief Financial Officer at Avantair, Inc., a fractional airline based out of Clearwater, FL. Prior to that, he was Treasurer and Group Controller for Gibraltar Industries, Inc., a manufacturer and distributor of consumer products. Pytak began his career in public accounting and spent over 11 years with PricewaterhouseCoopers LLP. He holds a B.S. in Accounting from Canisius College in New York and is a certified public accountant.
“With its unique solution for helping companies manage their indirect materials for significant cost savings, MarginPoint is poised for major growth over the next few years,” said Pytak. “I’m pleased to be joining the MarginPoint team and believe I can play a significant role in helping the company as they expand their product and service offerings for use by enterprises around the globe.”
About MarginPoint
MarginPoint is a leading provider of cloud-based indirect material management solutions for the industrial market. More than 400 industrial companies currently rely on MarginPoint solutions daily to reduce their indirect material spending and streamline their indirect material management processes. MarginPoint is uniquely focused on integrating the end-to-end indirect material lifecycle to deliver the highest possible ROI for customers. MarginPoint’s SaaS delivery model enables customers to rapidly deploy the solution without any significant up-front IT investment.
MarginPoint is a privately-held company whose investors include The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures. For information about the company’s products and services, or how to become a MarginPoint distributor or partner, please visit the company’s website at or call 888-229-3685.