One Team, One Goal
Michael Adolphi joined Bcause LLC in March 2014 as our President and Chief Executive Officer and has since transitioned into the CTO. He brings over 30 years of executive management and operations experience to this position including a solid background in planning, engineering, programming, integration, networks, and communication systems, as well as business development and strategic planning.
As co-founder and Executive Vice President of Professional Software Engineering, Inc. (PROSOFT), Mike focuses on corporate development, and he led the business development effort to achieve PROSOFT’s strategic growth plan. PROSOFT, a 350-employee company with $30 million in annual sales, headquartered in Virginia Beach, provides information systems engineering, networking and telecommunications, C4I systems integration, training, systems analysis and engineering. PROSOFT spun off its manufacturing business into pTerex, LLC in July 2009. Mike undertook the responsibility of overseeing the new company as its President and CEO until December 2013. pTerex created communication gear primarily for the U.S. Government.
Mike has been responsible for managing and implementing many large-scale projects, particularly wide area networks and software engineering programs. He led the effort to create a quality management approach throughout PROSOFT based on the principles taught by Dr. Deming.
Before founding PROSOFT in 1984, Mike was with Naval Sea Combat Systems Engineering Station in Norfolk, Virginia as an Electrical Engineer. He participated in the AN/SQQ-28(V) sonar system reviews, system installation and testing. He also functioned as the system manager and software engineer for the Sonar System Integrated Support Complex (SSISCOM).
Mike previously served as a board member of the Hampton Roads Technology Council, the mission of which is to accelerate the transformation of Hampton Roads technology firms into world-recognized technology leaders. He serves on the Council of Advisors for the Hampton Road Technology Incubator, designed to promote economic development of Hampton Roads through the commercialization of new technologies developed at NASA’s Langley Research Center, local universities and other regional government and industrial R&D Laboratories; he previously served as the Council of Advisors Chairman.
Mike has also served as the Chairman of the Old Dominion University Engineering Steering Committee, responsible for raising $16 million in endowed chairs and scholarships for the Engineering Department. Previously he was appointed, serving six years, including one year as Chairman, to the Board of Advisors at Virginia Tech for the Electrical and Computer Engineering department. He was also appointed by the Governor of Virginia to the Virginia Technology Council; its mission is to help accelerate the transformation of Virginia into the Technology State.
Mike has both a graduate and undergraduate degree in Electrical Engineering from Old Dominion University and Virginia Tech.
Thomas Flake founded Bcause in 2012 and has served as the firm’s Chief Marketing Officer and Board Member since January 2014. After leaving an 8.5-year career in the Navy, in 1994, Tom started a business, Synergy Consultants, which provided computer education seminars, software development and outsourced desktop support to the Internet Service Provider (ISP) community. In 1998, Synergy Consultants was merged with another company, iTribe, and with outside investors contributing $1 million, Picus, LLC, a competitive local exchange carrier, was formed. During the next two years, Picus invented flat-rate long distance, bundled local, long distance and Internet Access, and SS7 enabled toll-grade voice over internet protocol. Also during this period, Picus raised over $17 million in direct investment from accredited investors and another $50 million in loans from vendors (Nokia, Nortel, Coppercom and GE Capital), merged with or acquired seven other companies and grew its customer base to over 35,000 customers in the Mid-Atlantic region. As founder, Board member, Vice President of Business Development and later Chief Operating Officer, Tom was integral to all of these activities. In 2000, Picus’ ability to raise additional capital was impeded by the market crash and the company declared bankruptcy.
Later in 2001, Tom founded TeliOn, the first-of-its-kind municipal area wireless network for Internet access. The company was sold in 2002 to Pinnacle Online. Also in 2002, he joined Jacobs Engineering, a Fortune 500 firm, as a Project Manager.
In 2004, Jacobs Engineering won the largest contract ever awarded by NASA’s Langley Research Center – the ROME contract – and Tom was promoted to Manager, Information Technology Projects. In 2005, his responsibilities were expanded to include all aspects of managing the team responsible for information technology infrastructure, including desktop support, server management, data acquisition systems at the five largest wind tunnels and information technology security. During his tenure, customer feedback scores began in the 80’s but quickly rose to over 99% and remained there for over four years. In 2005, he was certified a Project Management Professional (PMP).
In 2009, Tom accepted re-assignment and became responsible for all aspects of Jacobs-ROME organizational development, marketing and Minority Serving Institution outreach. During his tenure, ROME’s customer scores increased from the low 90’s but quickly increased to over 96%. In 2011, Tom was informed that his position was being eliminated due to NASA budget cuts, and he decided to return to entrepreneurship. In October 2011, he and a partner (John Ashby) purchased VBB Communications, rebranded it as Utility Scale Computing and re-launched the company, US Computing LLC, which provides outsourced solutions for maintenance and monitoring of computer infrastructure (including server co-location, network connectivity, power, HVAC, systems administrator services and rack space). Tom owns 50% of US Computing.
In 2012, Tom joined with the National Institute of Aerospace and proposed the creation and funding of a small business incubator (Peninsula Technology Incubator or PTI) on the peninsula to leverage the enormous potential represented by the proximity of Langley Research Center, National Institute of Aerospace, Jefferson Labs, Hampton University, Christopher Newport University and The College of William and Mary.
Tom received a Bachelor of Science degree from Old Dominion University School of Business and Public Administration with a major in Decision Science (Quantitative Methods) and minors in Business Administration and Information Systems. He graduated from The College of William and Mary’s Executive MBA program and is certified by NASA as a Lean Six Sigma Black Belt.
Ann Cresce joined Bcause LLC in November 2017 as General Counsel. She is a financial services senior executive with significant management, legal, regulatory and compliance experience in the futures and derivatives industry. She has served as General Counsel to three start-up exchanges and, as such, was a member of senior management involved in all business, regulatory and legal aspects of building and growing the businesses. She has also been Corporate Secretary to four Boards and Board committees. Ann has extensive experience at regulated futures and derivatives exchanges and trading firms, including Chicago Climate Exchange, where she was General Counsel, the Chicago Board of Trade, Chicago Mercantile Exchange Inc. (now CME Group), Carr Futures (now part of NewEdge) and the Commodity Futures Trading Commission. She has broad domestic and foreign regulatory experience and has been a consultant for U.S. and Asia legal and regulatory matters.
Ann recently lived and worked in Hong Kong for four years, serving as General Counsel to a start-up futures exchange. Since her return to the U.S., she was General Counsel to Intellectual Property Exchange and has provided legal and regulatory consulting to two planned exchanges. Previously, she was on the demutualization and IPO teams at CME, was Vice President of Compliance and in-house counsel to Carr Futures, and was a director in the Office of Investigations and Audits at the CBOT. She has been a member of the adjudication panels for CME Group since 2014.
In 2011, Ann was appointed to the DirectWomen Institute, which annually honors 20 US senior-level women lawyers for business, Board and corporate governance accomplishments. She is an adjunct professor at Chicago-Kent College of Law, teaching a Futures and Derivatives Law & Regulation class. She was President of the Chicago-Kent Alumni Board of Directors from 2015 to 2017 and has been a member of the Board since 2012. Ann has served as a member of the Chicago-Kent Compliance Curriculum Advisory Board since 2011 and the Entrepreneurship Advisory Board since 2014. She also served on the Business Advisory Council for the Center for International Business Education and Research at the University of Illinois from 2009 to 2011.
Ann received a Juris Doctor degree from Chicago-Kent College of Law and a Bachelor of Science degree in Finance from the University of Illinois at Urbana-Champaign. She is admitted to the Illinois Bar and the Bar of the Supreme Court of the United States.
Bruce is the Managing Director of Spot Trading. He is a highly skilled professional with over 30 years of experience in the cash, spot and derivatives markets. He has expertise in trading, business development and credit relationships, with experience that includes 15 years in senior management with operations oversight.
After spending 20 years on the Chicago Mercantile Exchange trading floor as an independent trader, Bruce left seeking new opportunities in electronic trading. He joined Lind-Waldock, which was later purchased by Refco, where he helped lead the consolidation of U.S. and offshore operations into a single 24-hour hub in Chicago, quickly affecting operational efficiencies and opportunities for growth. Bruce was instrumental in a $25 million investment in the retail foreign exchange (FX) business that generated dividends in its first year of operations, and he was promoted to Vice President of Global Sales. Prior to Refco’s IPO, Bruce joined R. J. O’Brien & Associates in its strategic business development group, where he launched the firm’s first FX fund and grew trading desk ticket volumes by 300% in two years.
In 2006, Bruce joined Peregrine Financial Group, becoming the Vice President of Foreign Exchange after overhauling the operations, including a new back-office system. He then developed a proprietary aggregation system, created an Australian Retail FX entity, expanded deliver facilities, doubled the number of institutional trading desks, grew credit relationships to over $70 billion, and created two new proprietary trading groups, each profitable in their first year of operations. In a three-year span, yearly revenues grew over 100%, exceeding $50 million per year. Net profits grew to over $15 million during his tenure on the Business Development and Management Committees.
Bruce joined Twitch LLC in 2012, launching a new proprietary trading group, which became profitable within 90 days and generated in excess of $10 million in revenue. The group made the firm’s first allocation to an outside trading group; trading strategies including futures, spot foreign exchange, swaps, arbitrage and liquidity aggregation. He was promoted to head of foreign exchange in 2015. Bruce steered the company through difficult credit consolidations in the prime brokerage world, partially driven by events surrounding the Swiss National Bank, where previous stable currencies had movements in excess of 20% in a day.
Sean is the Director of Development, Exchange Integration, and Education. He has an extensive business and technical background in the capital markets space, spanning over 17 years across all major asset classes.
Sean has been involved with Crypto and Blockchain initiatives for over eight years.
Sean is the founder and Chairman of the FIX Protocol Digital Currency/Blockchain Working Group, working to ensure FIX Protocol proper representation in this ever-changing space. Sean is also an Advisory Board Member for the Security Traders Association of Chicago.
Sean holds a Bachelor of Science degree in Business Management from Colorado Technical University.
Shawn Dailey is the Director of Technology for Mining Operations at Bcause Mining LLC. His career in technology started in 1992 when Shawn entered the retail arena at Egghead Software, a reseller operating brick-and-mortar, corporate and education channels. During the 1990s, Egghead grew to $1.5B in annual sales with over 250 stores nationwide. Working in the Washington, D.C. area and Virginia Beach locations, Shawn managed, grew and maintained profitability of stores with annual sales of several million dollars. He managed the brick-and-mortar locations, included all hiring, training, evaluations, staff development, inventory control and the deployment of effective shrink prevention policies.
In 1998, Shawn joined a regional internet service provider (ISP) and competitive local exchange carrier (CLEC), Pinnacle Online, as its IT Support Manager. Initially responsible for managing the support team, Shawn spent the next decade expanding his proficiencies into Sales Engineering and Network Administration, all the while engaged in a business that had over 5,500 dial-up connectivity customers, provided site-to-site connectivity (DS3, T1, Frame Relay, ISDN, ADSL, and SDSL) for WAN customers, hosted over 400 websites, and provided colocation services in its Virginia Beach Datacenter. During this period, Pinnacle went through several ownership transformations and expanded its operations to include site-to-site wireless networks for businesses and technical contract labor. In 2004, Shawn invested and became a minority owner (12.5%) as the business attempted to grow and compete within the Hampton Roads market. The company was acquired by VBB Communications, LLC in 2010.
In 2008, Shawn joined Chartway Federal Credit Union. He was promoted to the Director of Information Technology and spent the next decade leading the Network / Systems Engineering and Technical Support teams. During this period, Chartway grew from $1.2B in assets to $2.2B and now serves 180,000 members at 48 locations in six states. Shawn oversaw the rapid introduction of new technologies such as flash-based SAN storage, de-duplication data backup technologies, 10Gb fiber optic infrastructure, Share Point intranets, and the transition towards a hyper-converged infrastructure. During his tenure, Shawn led various technology conversions from AD and Desktop OS migrations to various MPLS WAN and Metro Ethernet transitions. He oversaw the migration of Chartway’s datacenter to a colocation facility and move of hundreds of staff between corporate centers. Shawn also led the technical integration of three distinct financial institutions and provided the infrastructure support needed for the conversion of four disparate Core Financial Platforms to a single Core Platform. During this period, Shawn ensured information security was the primary focus while successfully facing the annual scrutiny of numerous third-party security audits and the NCUA.
Philanthropic opportunities have been a passion for Shawn, and he has served in various volunteer capacities for the We Promise Foundation. Its noble efforts have raised almost $10M for children’s charities.
Shawn attended George Mason University in 1988 through 1991 and studied Computer Science.