Optoro's Robert Latchford receives CFO of the Year Award from Tech Council of Maryland

WASHINGTON, May 19, 2014 /PRNewswire-iReach/ -- Tech Council of Maryland last week announced that CFO Robert Latchford of Optoro was named CFO of the Year at the organization's annual Industry Awards Celebration in Bethesda, MD. The awards dinner recognizes the leaders and innovators in the technology and life science communities from Maryland and the surrounding regions. The evening brings over 900 technology, life science, government, academia, and supporting businesses together at one place, at one time for Maryland's best night of networking. It is Maryland's largest and most prestigious award ceremony of its kind.

"I did not win this award because I am an exceptional CFO, I won this award because I am part of an exceptional team and Company, this is an Optoro win first and foremost," Latchford said. "It is the progress we have made as Optoro over the last couple of years that won this, so I want to thank the entire company for their individual and team contributions."

Optoro is an IT company based in Lanham, Md., that enables retailers and manufacturers to increase revenue from returned and excess inventory. The company was named to Deloitte's Technology Fast 500 last fall. As the CFO, Latchford was instrumental in getting two VC fundings completed for a total of $32 million, as well as closing on a $7 million debt facility, all within his first nine months on the job. He also helped close the lease that enabled the company expand to Washington, D.C. and he managed the company's growth from more than 60 employees when he started to more than 140 today. Latchford also coordinated Optoro's involvement with Defending the Blue Line, a charity that works to provide hockey equipment to children of military families.

About the TCM Industry Awards Celebration

The TCM Industry Awards Celebration is the only awards ceremony that honors the best in Maryland's life science and technology community. This celebration is one of Maryland's largest and most prestigious award ceremonies and recognizes executives, businesses, and innovative technology developed in Maryland and the surrounding regions. Established in 1988, this event is now attended by over 800 executives from the technology and life science industries and draws a significant amount of local and national publicity.

About TCM

The Tech Council of Maryland (TCM) is the largest technology trade group serving the advanced technology and biotechnology communities of Maryland. TCM's mission is to advocate for the interests of the technology community, further the role of technology in the Maryland economy, and nurture an environment where technology companies can collaborate, grow and succeed. For more information, visit http://www.techcouncilmd.com.

About Optoro

Officially founded in 2008, as a back-end solution for businesses looking to move excess inventory online, Optoro has sought to leverage automation and analytics to work smarter. The company's proprietary, cloud-based software platform OptiTurn launched in February of 2011. In September of 2013, Optoro opened a corporate office in the vibrant Chinatown neighborhood of Washington, D.C., while maintaining a thriving operations headquarters just outside the city in Maryland. For more information, please visit http://www.optoro.com.

Media Contact: Blair Capps, Optoro, 3017607017, [email protected]

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SOURCE Optoro