Matt Boone
WorkRecordBuildingBoardContact
Finance and operating executive · Salt Lake City area

Ran finance from pre-revenue to a $300M exit, then led FP&A across a $1.5B+ portfolio.

At Openpath I reported to the CEO and ran finance, HR, legal and operations through the $300M sale to Motorola Solutions. Inside Motorola I led FP&A across a twelve-company portfolio and governed recurring-revenue standards across a $4.5B+ business.
CFO or SVP Finance with an operating mandate, on the executive team of a technology or tech-enabled business between $100M and $1B in revenue that is growing fast or working through a transformation.
Talk to me about the seat →Download my resume (PDF) →
Matt Boone
How the scope widened
Growth of scope across four stagesOpenpath grew from pre-revenue through a Series C to its sale. As Avigilon Alta it combined with Ava Security and grew several times over. In 2024 the scope widened to the twelve-company video security portfolio, where Alta is one small band. In 2026 it widened to a recurring-revenue base of 120+ businesses; only a small part of the video portfolio sat inside it.Build, raise, exit: Openpath from pre-revenue, through a Series C, to its sale to Motorola Solutions.Pre-revenueSeries CExitOpenpath: The previous stage, now inside Avigilon Alta.Year 1Openpath: The previous stage, now inside Avigilon Alta.Ava Security: Joined in 2022. Two companies, one operating model.Year 2Openpath: The previous stage, now inside Avigilon Alta.Ava Security: Joined in 2022. Two companies, one operating model.Year 3Openpath: The previous stage, now inside Avigilon Alta.Ava Security: Joined in 2022. Two companies, one operating model.Year 4Ava joinsAvigilon Alta: The previous stage: now one of twelve companies.Envysion: Portfolio company.Pelco group: Four companies.Avigilon Unity group: Three companies.Year 1Avigilon Alta: The previous stage: now one of twelve companies.Envysion: Portfolio company.Pelco group: Four companies.Avigilon Unity group: Three companies.Blue Eye: Added 2025.Year 2120+ recurring businesses: The recurring-revenue base across Motorola Solutions.From the video portfolio: Only part of the video portfolio sat inside the recurring-revenue base.The full video portfolio: Most of it stayed outside the recurring-revenue base.Video portfoliopart in1 company2 companies12 companies120+ businessesBuild, raise, exitOpenpathScaleAvigilon AltaPortfolioVideo SecurityEnterpriseRecurring revenue20182026
Previous stage, true sizeAdded in this stageOther portfolio companiesVideo portfolio not carried into the base

Drawn from gross orders by year; each stage has its own scale, so heights compare within a stage. The Build stage shows direction only.

Results
Pre-revenue to $300M
Openpath exit, employee #18
$7M to $174M
Avigilon Alta revenue over four years; ARR $7M to $62M
Low 40s to 65%
Hardware gross margin, four years after acquisition
Under 3%
Annual customer revenue churn at Alta
48+ transactions
Buy-side and sell-side; integration led on 16
16 years
Independent director; Audit and Strategy Chair
Capital and boards

Raised the $36M Series C. Secured a $125M syndicated credit line. Prepared and presented the board deck through a $300M exit. Independent director and audit chair for 16 years.

How I lead

Every number on this site moved because people changed how they worked. Most of my job is making that change worth it to them.

I see AI as taking on the work people used to do by hand, so they can bring insight, make decisions, communicate and partner with the business.

From references: three former bosses, three peers, three former team members
Former boss

Leaders sent proposals to him to be pressure-tested before a decision, because his questions exposed what had not been thought through.

Peer

He moved work across functions he had no authority over, and could see a broken process from the other side of the table.

Former team member

He gave real ownership, put strong people in front of senior executives, and made it safe to disagree with him.

Three of the nine said that if they started a company, he would be among the first finance leaders they called. Every person asked said they would work with him again.

See the full record →
Outside work

I live in Park City with my wife and two kids.

I am usually outside: skiing in the winter, on the river or in the garden in the summer, and in the mountains with the family and the dog.
Contact
msandfordboone@gmail.com