bswift Announces New CFO: Dave Tuttle : bswift Press Release

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bswift Announces New CFO: Dave Tuttle

CHICAGO, IL — Monday, January 17th, 2011


bswift, a leader in software and services for benefits administration, announced today that Dave Tuttle recently joined the firm as Chief Financial Officer.  As a key member of bswift’s executive team, Tuttle will be responsible for the financial strategy and operations to support bswift’s continued rapid growth.

In 2010, bswift achieved significant growth, including a 31 percent increase in revenue over the prior year and a 55 percent compounded annual growth rate since 2006.  The company predicts continued high growth for 2011 in its core “Software-as-a-Service” (SaaS) benefits administration solutions and in the development of technology solutions for health exchanges.

“bswift’s continued success will depend on our ability to remain nimble and innovative with our software and services, and to continue to put our customers first. As we continue to grow our business and organization, the finance function requires astute planning and management, which Dave clearly brings to the table.  He will ensure that bswift is financially able to continue its current growth trajectory and execute its vision of transforming the business of health care and creating better workplaces for both employers and employees.  Given Dave’s extensive experience in finance, operations and strategy for both small and large organizations, we are delighted to welcome Dave to the bswift team,” said bswift CEO Rich Gallun.

Most recently, Tuttle served as CFO of Torex Retail US, a global leader in retail software and hardware technology solutions.  Before Torex, Tuttle was Senior Vice President Strategic Finance for Infor, a global software organization with numerous divisions, including ERP, HRMS and Payroll solutions.  Prior to Infor, he served as Vice President, Treasury and Finance at SSA Global, a software firm which grew dramatically during his tenure.  In all, Tuttle brings 25+ years of experience in numerous roles with hardware, software, and technology services companies ranging from small companies to those with $2.2 billion in annual revenue.  He has been involved with two successful IPOs, more than $500 million in debt offerings and over 20 acquisitions.

Tuttle holds a BS in Accounting from Illinois State University and an MBA from DePaul University.  He is an active member in Financial Executives International, and the American Institute of Certified Public Accountants.

About bswift
bswift is changing the world of benefits administration by combining deep expertise and a passion for technological innovation with a unique consumer-driven approach. Partnering with enterprises nationwide and serving millions of employees, bswift offers cloud-based technology and services for online enrollment, interactive decision support, ACA compliance reporting and employee engagement. bswift also provides access to consumerism, product and consulting solutions needed to build a benefits program specialized for both employers and employees alike. For more information about bswift, an Aetna company, visit www.bswift.com.

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