Edward Phelan is the Founder and Chief Accelerator of Trinovations Group. He is
a graduate of Trinity College in Hartford, CT and has an MBA from the Harvard
Business School. Prior to founding Trinovations Group, Mr. Phelan was on the
senior executive team at Satyam Computers, an India based organization that
went from $300M to $2.5 Billion in revenues and from 8,000 to 54,000 personnel
during his 4 year tenure.
As VP, Global Head of Strategy SSU and VP of the US Business Consulting
Practice for Satyam, he witnessed firsthand how certain strategic decisions,
product innovation pursuits and channel development efforts led to “explosive”
growth. Satyam during that time was renowned as the world’s fastest growing
services company as they launched hundreds of new market solutions with channel
partners across many industry sectors and new geographic markets.
Mr. Phelan’s specialist background in the field of
innovation began in the late 1990’s under the tutelage of John Seely Brown, the
renowned thought leader who led Xerox’s legendary Parc Research Center. Mr.
Phelan co-managed a $120M business unit at Xerox Corporation that had a primary
mission to generate early client interest and adoption of many new
collaboration, document management, knowledge management and eBusiness
technologies invented at Parc Research Center. Since then, much of his career
has revolved around creating, building and selling next generation type of
products and solutions in nanotechnology, information technology, surgical and
medical device, health services, biotechnology, life sciences and alternative
energy markets.
As a prior CEO and senior executive of several
ground breaking technology and software firms, he understands the challenges of
financing new businesses, developing sound business strategies, managing
product development efforts and launching new technologies into competitive
industry markets. His first health care start-up, Harborside Healthcare was
financed with $1 million and sold to a PE firm for $250 Million seven years
later. Visicu, a healthcare platform firm, where he was the initial VP of
Strategy and Marketing went public 5 years after its initial VC round at a
$750M valuation and a $100M gain.
When a client needs specialized services or
supplemental validation insight that extend beyond the capabilities provided by
Trinovations Group personnel and its extended collaboration team, the company
draws upon their extensive network of professionals in the fields of
engineering, robotics, medicine, software development, law, tax and accounting
to provide clients the service they need. Trinovations Group considers the
relationships with these people to be some of their most valuable assets. We
look forward to hearing from you to see if we have the resources you need to
propel your firm's revenue growth.
Edward Phelan is the Founder and Chief Inventor of Trinovations Group. A
seasoned strategist and innovation expert, Mr Phelan has spent the last 25
years advising some of the world’s most prestigious organizations as well as
managing high growth startups. He launched his first health care startup,
Harborside Healthcare, right out of Harvard Business School, a firm which had a
$250 Million dollar exit seven years later. As a prior CEO and senior executive
of several ground breaking technology and software firms, he understands the
challenges of financing new businesses, developing sound business strategies,
managing product development efforts and launching new technologies into
competitive industry markets.
Prior to founding Trinovations Group, Mr. Phelan was on the senior executive
team at Satyam Computers, an India based organization that went from $300M to
$2.5 Billion in revenues and from 8,000 to 54,000 personnel during his 4 year
tenure. As VP, Global Head of Strategy SSU and VP of the US Business Consulting
Practice for Satyam, he witnessed first hand how certain strategic decisions,
product innovation pursuits and channel development efforts led to “explosive”
growth. Satyam during that time was renowned as the world’s fastest growing
services company. Mr. Phelan also held senior level consulting roles at Big 6
firms and corporate consulting organizations. His specialist background in the
field of innovation actually began in the late 1990’s under the tutelage of
John Seely Brown, the renowned thought leader who led Xerox’s legendary Parc
Research Center. Mr. Phelan co-managed a $100M business unit at Xerox
Corporation that had a primary mission to generate early client interest and
adoption of Parc’s new collaboration, document management, knowledge management
and eBusiness technologies. Since then, much of his career has revolved around
creating, building and selling next generation type of products and solutions.
"Working with you made me feel like a child at Christmas all over again; I never knew what great thought was going to get unwrapped next. Ed, I wanted you to know our licensing deal went global. Thanks so much for your efforts."
Andy Jones
President, NeverWet
“Thank you so much for your laser focus strategy that blew us over the top.
Your expertise, professionalism and insight allowed us to MAKE IT and have fun."
Peter Lange
President & Founder, Reven Pharmaceuticals
“Ed, thank you for your dedicated effort at Abakan; you are certainly one of the finest and sharpest minds I have ever had the pleasure of knowing throughout my professional life. I’m not sure where Abakan would be today had Trinovations not pointed out the risks in our portfolio company’s R&D plans. On a personal front, your insightful recommendations on my quantitative modeling were very much appreciated.”
Sofia Bitela
(former) Head of Analysis, Abakan Inc.
“Ed, as you are aware, we struggled for quite a while to communicate our technologies to the market. You were able to take the language of engineers and translate it into lay terms, helping our partners and investors have a better idea of what exactly it is that we did and how we could help them. You also carried a great deal of influence with our investors. You were able to capture their attention and they listened to you. It would have been difficult for our management team to raise the first rounds of capital without you.”
Greg Engleman
Vice President, Product Development, MesoCoat, Inc.
"Ed, I can't thank your Trinovation's team enough. Regardless of which firm you have worked at, you've been my go-to-strategist for the last 15 years."
Ron Swartz
CEO, Innotap
"Ed I'm constantly amazed at your overall knowledge of the health care continuum. I always know who to go to when I need business advice."
Dr. David Giles
Department of Surgery, UConn Health
Partners at Venture Capital or Private Equity firms often realize when their
portfolio firms lack specific management expertise needed to lead key projects
or initiatives that require strong operational accountabilities (e.g.,
corporate acquisition integration, BPO implementation, EMR selection and
implementation, business restructuring, etc). Other times, unplanned
resignations by key executives require them to hire short term interim support
until a new hire replacement is found or a new organizational restructuring is
implemented.
Family run enterprises can also be significantly impaired when a savvy founder
unexpectedly takes ill or a planned successor decides to pursue other
opportunities. Many founders fear their families will not be taken care of if
they don’t immediately liquidate their assets knowing full well buyers will
take advantage of their unfortunate circumstances. The founder has options
available to hold onto the firm until they can either recover from illness or
transition the firm's management to another family member or outside
executive.
However, there are risks associated with transitioning management to relatives
who are not prepared to run an enterprise. Even though it may be the founder's
preferred long term intent to have a relative run the firm, those parties may
have not yet mastered the skill sets needed to run an entire enterprise. In
these situations, interim executives can maintain the trajectory of the
business and provide needed mentoring to those who will eventually replace the
founder.
If you need short term advice, then hiring Trinovations’ consulting support is
the preferred method of engaging our firm. If your circumstance requires
immediate decision making authority, then hiring Trinovations experienced and
credentialed executives for an interim management assignment is the better
option for your firm. We can assume C-level roles providing the leadership
ability to maintain momentum, establish corporate priorities, build morale and
provide critical continuity for your business. Trinovations does not take on
non-executive roles but can direct you to staffing firms that provide that
level of support.
Our C-level executives can serve and deliver results in the following
roles:
Chief Executive Officer
President and Chief Operating Officer
Chief Commercial Officer
SVP Sales and Marketing
Chief Innovation Officer
Chief Strategy Officer
Chief Restructuring Officer.
For inquiries about our interim management support
services, please submit information on our CONTACT page or call us at our
US corporate office. All inquiries will be kept in strict confidence.