Andrew Rivkin is a Successful Entrepreneur
Andrew Rivkin is one of the most popular names among successful entrepreneurs in Toronto. Andrew is the proud co-founder of Cryptologic. His academic qualification includes BA in computer programming which inspired him to start his own business. Andrew Rivkin and his brother Mark used the basement of their parent's house to begin with their first venture. As a result, Cryptologic was discovered in 1995, as the most secure online financial transaction system. After gaining huge profits through Cryptologic, Andrew never looked back. He started working on the concept of online gaming software as the next step to the success ladder. This online gaming software received outstanding response by the online gaming fans. Under the leadership of Andrew Rivkin and Lorne Abony, the company raised over $160 million in five rounds of equity financings, including its IPO, in less than three years time.
Andrew Rivkin plays Polo and Hockey
Apart of his business, Andrew Rivkin has a great interest in sports. He spends much of his time with his athletic activities, competing for polo and hockey tournament at regular intervals. Andrew Rivkin is always keen to mark his presence in sports by competing in different polo and hockey tournaments and winning them as well. He is a great lover of skiing also, likes to travel to some of the finest, and most sought after Ski Mountains in the world, including Aspen Park City, Ischgl, The Alps, Whistler, Vail, and others.
Andrew Rivkin funds Charities
Andrew Rivkin, the co-founder of Cryptologic, is a great inspiration for those who want to be successful with in minimum possible time following the right path. Andrew Rivkin is very generous by heart; he helps those who become helpless in life by funding charities. He has made a number of charities in favor of people's welfare. His charity foundation keeps on working for the helpless people. Andrew Rivkin has successfully contributed to different fields like internet technology in entertainment and financial transaction management by his intelligence, generosity to helpless people by funding charities, etc.
To know more about Andrew, log on to http://www.andrewrivkin.ca
Sunday, January 31, 2010
Friday, January 15, 2010
Jenny Solursh created New Growth Opportunities for Cryptologic
Cryptologic is World's famous Online Gaming Software
Cryptologic, is one of the world's largest and most successful online gaming software founded by brothers Mark Rivkin and Andrew Rivkin. It provides over 200 casino games and multi player bingo games to online casinos. Cryptologic got its first deal in 1996. Its software took the online gaming world to a completely new level. Initially Andrew Rivkin and Mark Rivkin found it difficult to convince the sponsors for their endeavor, but soon the idea of the software that offers the combination of Internet gaming software and secure online transaction management appealed to people. By keeping in mind the concepts and ideas for an online casino, Andrew Rivkin and team discovered Cryptologic as the first version of their gaming software they opened for Real Money Play. Cryptologic pioneered the field of online casino gaming on the strength of its secure online transactions service.
Jenny Solursh's was the Senior Vice President of Cryptologic
Jenny Solursh was an employee of Cryptologic Inc. Because of her tremendous efforts and dedication, she was promoted to the post of Senior Vice President. Jenny Solursh's inclusion in the company's executive team aimed to utilize her expertise in the areas of Industry Relations, International Banking, Licensing and Investor Relations. With Jenny Solursh's experience and intelligence, Cryptologic achieved all the desired goals like new business ventures related to online gaming and expanding company's profit. Her expertise created new growth opportunities for Cryptologic. The software technologies used by Cryptologic are utilized only after rigorous testing over a period. Jenny Solursh also provided her support in adding to the company's profile and establishing the brand name in the online gaming industry.
Cryptologic is an Industry Winner
Because of Jenny Solursh's hard work and dedication, Cryptologic became extremely popular and an industry winner in no time. The company is listed on major stock exchange networks like Toronto Stock Exchange and NASDAQ.
To know more about this online gaming company, please visit http://www.cryptologic.com
Cryptologic, is one of the world's largest and most successful online gaming software founded by brothers Mark Rivkin and Andrew Rivkin. It provides over 200 casino games and multi player bingo games to online casinos. Cryptologic got its first deal in 1996. Its software took the online gaming world to a completely new level. Initially Andrew Rivkin and Mark Rivkin found it difficult to convince the sponsors for their endeavor, but soon the idea of the software that offers the combination of Internet gaming software and secure online transaction management appealed to people. By keeping in mind the concepts and ideas for an online casino, Andrew Rivkin and team discovered Cryptologic as the first version of their gaming software they opened for Real Money Play. Cryptologic pioneered the field of online casino gaming on the strength of its secure online transactions service.
Jenny Solursh's was the Senior Vice President of Cryptologic
Jenny Solursh was an employee of Cryptologic Inc. Because of her tremendous efforts and dedication, she was promoted to the post of Senior Vice President. Jenny Solursh's inclusion in the company's executive team aimed to utilize her expertise in the areas of Industry Relations, International Banking, Licensing and Investor Relations. With Jenny Solursh's experience and intelligence, Cryptologic achieved all the desired goals like new business ventures related to online gaming and expanding company's profit. Her expertise created new growth opportunities for Cryptologic. The software technologies used by Cryptologic are utilized only after rigorous testing over a period. Jenny Solursh also provided her support in adding to the company's profile and establishing the brand name in the online gaming industry.
Cryptologic is an Industry Winner
Because of Jenny Solursh's hard work and dedication, Cryptologic became extremely popular and an industry winner in no time. The company is listed on major stock exchange networks like Toronto Stock Exchange and NASDAQ.
To know more about this online gaming company, please visit http://www.cryptologic.com
Tuesday, January 12, 2010
Fun and Games: at 35, Lorne Abony is a young, ambitious—and very accomplished—CEO
Ask most business leaders what they do for fun and you'll get a variety of answers, some a tad more thrilling than others. Bill Gates and Warren Buffett, for example, kick back by playing a mean game of bridge. Former Bombardier boss Paul Tellier and Barrick Gold's Gregory Wilkins, on the other hand, tear up the pavement with sport bikes and race cars. Lorne Abony--a.k.a the youngest corporate honcho of a TSX-listed company--is different in more ways than one. Meet the 35-year-old CEO for dinner and he won't feel obliged to order a fancy meal with expensive Bordeaux. "Whenever I don't know what to eat, which is always, I eat burgers," admits Abony. That applies even when dining at posh spots like the Four Seasons, which is why he has had weeks in which he eats burgers twice a day, every day. As for fun, well, Abony could say he works on his tennis swing or that he plays with Scoobie, his German shepherd pup. He could also talk about his addiction to R&B music, which could lead to an admission not often heard from lips attached to public companies: he's seen Janet Jackson 16 times. But what Abony really does for fun is run the company. And investors are taking Toronto's Fun Technologies PLC (TSX: FUN) very seriously, indeed.
Formerly known as CES Software PLC, the firm launched its first product--a technology platform that allowed licensed companies in Europe and Asia to offer Internet sports betting exchanges--in 2002, after Abony and Andrew Rivkin raised $1.8 million from friends. Early investors included former Yorkton Securities chief Scott Paterson, whom Abony is proud to call a shareholder despite Paterson's 2001 run-in with regulators over conflict-of-interest allegations.
In 2003, Fun floated its shares on London's Alternative Investment Market, where punters were excited by its association with Toronto-based CryptoLogic, the largest publicly traded online gambling software company in the world. Rivkin, Fun's executive chairman, co-founded CryptoLogic with his brother; Abony helped with the business plan and is a non-executive director of the company. Fun's technology was also developed by Guerman Kopytov, a former Soviet military programmer who was the brains behind CryptoLogic's software.
After raising $11 million with the London IPO, Abony's firm conducted a third round of financing that netted $12 million in June 2004. Fun completed its first acquisition soon after when it bought SkillJam Technologies for US$8 million. The acquired business allows portals like AOL and MSN to offer skill-game players (think chess geeks and solitaire moms) the ability to compete for a pool of cash.
Fun went public in Canada late last year. Prior to the October IPO, Abony went hunting for the 300 retail investors required to list on the Toronto Stock Exchange. He expected to raise between $300,000 and $1 million. Instead, he got $56 million, after retail demand led to private placements with institutions such as the Ontario Teachers' Pension Fund, AGF and CI Mutual Funds. The enthusiasm among Fun investors is natural, says John Albright of J. L. Albright Venture Partners, one of the firm's institutional shareholders. "These are two experienced serial entrepreneurs targeting the [$8.4-billion] online gaming industry," he says. Albright describes Abony as a dynamic and energetic workaholic, someone with a gift for raising money. Simply put, Abony's fans say he is on a mission to prove he can create value. And that helps explain why Fun's CEO wasn't resting over the holidays. In January, Fun completed a fifth round of financing, raising $19 million. It also completed its second acquisition, spending US$47 million on Las Vegas-based Don Best Sports, a Bloomberg-like service that provides sports-wagering information to the gambling industry.
Since floating at $3.22 on the TSX, Fun shares have jumped about 50%, blowing away indexes like the Nasdaq 100 and the Nasdaq biotech. The stock has outperformed the S&P 100 and Dow Jones Internet composite, not to mention the S&P/TSX capped REIT. All that, of course, isn't saying much. But Fun has even bested the hot S&P/TSX metals and mining index. That's why analysts at major Canadian financial institutions like GMP Securities and CIBC will soon start covering the stock (see Analysis, page 52).
Abony isn't surprised by the interest in his company; he actually has a knack for developing ideas that excite the market. Fun's CEO, however, was somewhat surprised when TSX officials told him he was the youngest top dog on the exchange. After all, he's not that young, and Fun isn't his first kick at the corporate can, not by a long shot. In fact, over the last third of his 35 years, Abony has seen more action than most entrepreneurs see in a lifetime.
After earning a BA from McGill University and law degrees from the University of Windsor and the University of Detroit, not to mention an MBA from Columbia Business School in New York, he practised securities law at Aird & Berlis in Toronto. While still in his late 20s, however, the Ayn Rand disciple suddenly realized that being a securities lawyer was something he was doing for his plumber dad and real-estate-agent mom. Ever since his first entrepreneurial venture--a high-school battle of the bands--Abony has really wanted to build companies. "Being well educated and a lawyer made my parents proud," he says. "But practising in a large corporate organization didn't fit. I wanted to shape ideas and create value." So in January 1998, Abony quit his day job and launched Paw.net, a pet supply and services company that became Petopia.com and gave Abony a taste of Amazonesque business fame and fortune during the dot-com bubble.
San Francisco-based Petopia attracted venture capitalists and major corporate investors, including General Electric. It raised more than US$100 million and was set to go public in 2000, but crashed along with other high-profile pet-coms when reality reared its head. The company eventually rolled over and played dead permanently. That, however, was after Abony and his partners (who included Heather Reisman's daughter, Andrea) sold for an undisclosed sum to Petco Animal Supplies.
After the bubble burst, Abony moved from San Francisco to New York, where he spent about 18 months as a principal with Elucid Technology Ventures, a boutique private equity and investment adviser. But like being a lawyer, working on the mergers and acquisitions of other people's companies wasn't Abony's thing.
Fun's CEO says he could write a book on lessons learned from CryptoLogic and Petopia. He won't; he'll use them to help build Fun instead. The major lesson of the dot-com days, of course, is the importance of revenue. "Earnings didn't matter in the bubble," says Abony, "and that's just wrong. What I love about online gaming businesses is that they are incredibly profitable once they hit critical mass." Fun--which posted a $3-million loss for the nine months ended Sept. 30--isn't there yet, but industry watchers expect to see positive earnings-per-share numbers this year. Much of that, Abony says, will come from organic growth. You can, however, bet on more acquisitions. After all, the youngest CEO on the TSX is extremely hungry, and not just for hamburgers.
Formerly known as CES Software PLC, the firm launched its first product--a technology platform that allowed licensed companies in Europe and Asia to offer Internet sports betting exchanges--in 2002, after Abony and Andrew Rivkin raised $1.8 million from friends. Early investors included former Yorkton Securities chief Scott Paterson, whom Abony is proud to call a shareholder despite Paterson's 2001 run-in with regulators over conflict-of-interest allegations.
In 2003, Fun floated its shares on London's Alternative Investment Market, where punters were excited by its association with Toronto-based CryptoLogic, the largest publicly traded online gambling software company in the world. Rivkin, Fun's executive chairman, co-founded CryptoLogic with his brother; Abony helped with the business plan and is a non-executive director of the company. Fun's technology was also developed by Guerman Kopytov, a former Soviet military programmer who was the brains behind CryptoLogic's software.
After raising $11 million with the London IPO, Abony's firm conducted a third round of financing that netted $12 million in June 2004. Fun completed its first acquisition soon after when it bought SkillJam Technologies for US$8 million. The acquired business allows portals like AOL and MSN to offer skill-game players (think chess geeks and solitaire moms) the ability to compete for a pool of cash.
Fun went public in Canada late last year. Prior to the October IPO, Abony went hunting for the 300 retail investors required to list on the Toronto Stock Exchange. He expected to raise between $300,000 and $1 million. Instead, he got $56 million, after retail demand led to private placements with institutions such as the Ontario Teachers' Pension Fund, AGF and CI Mutual Funds. The enthusiasm among Fun investors is natural, says John Albright of J. L. Albright Venture Partners, one of the firm's institutional shareholders. "These are two experienced serial entrepreneurs targeting the [$8.4-billion] online gaming industry," he says. Albright describes Abony as a dynamic and energetic workaholic, someone with a gift for raising money. Simply put, Abony's fans say he is on a mission to prove he can create value. And that helps explain why Fun's CEO wasn't resting over the holidays. In January, Fun completed a fifth round of financing, raising $19 million. It also completed its second acquisition, spending US$47 million on Las Vegas-based Don Best Sports, a Bloomberg-like service that provides sports-wagering information to the gambling industry.
Since floating at $3.22 on the TSX, Fun shares have jumped about 50%, blowing away indexes like the Nasdaq 100 and the Nasdaq biotech. The stock has outperformed the S&P 100 and Dow Jones Internet composite, not to mention the S&P/TSX capped REIT. All that, of course, isn't saying much. But Fun has even bested the hot S&P/TSX metals and mining index. That's why analysts at major Canadian financial institutions like GMP Securities and CIBC will soon start covering the stock (see Analysis, page 52).
Abony isn't surprised by the interest in his company; he actually has a knack for developing ideas that excite the market. Fun's CEO, however, was somewhat surprised when TSX officials told him he was the youngest top dog on the exchange. After all, he's not that young, and Fun isn't his first kick at the corporate can, not by a long shot. In fact, over the last third of his 35 years, Abony has seen more action than most entrepreneurs see in a lifetime.
After earning a BA from McGill University and law degrees from the University of Windsor and the University of Detroit, not to mention an MBA from Columbia Business School in New York, he practised securities law at Aird & Berlis in Toronto. While still in his late 20s, however, the Ayn Rand disciple suddenly realized that being a securities lawyer was something he was doing for his plumber dad and real-estate-agent mom. Ever since his first entrepreneurial venture--a high-school battle of the bands--Abony has really wanted to build companies. "Being well educated and a lawyer made my parents proud," he says. "But practising in a large corporate organization didn't fit. I wanted to shape ideas and create value." So in January 1998, Abony quit his day job and launched Paw.net, a pet supply and services company that became Petopia.com and gave Abony a taste of Amazonesque business fame and fortune during the dot-com bubble.
San Francisco-based Petopia attracted venture capitalists and major corporate investors, including General Electric. It raised more than US$100 million and was set to go public in 2000, but crashed along with other high-profile pet-coms when reality reared its head. The company eventually rolled over and played dead permanently. That, however, was after Abony and his partners (who included Heather Reisman's daughter, Andrea) sold for an undisclosed sum to Petco Animal Supplies.
After the bubble burst, Abony moved from San Francisco to New York, where he spent about 18 months as a principal with Elucid Technology Ventures, a boutique private equity and investment adviser. But like being a lawyer, working on the mergers and acquisitions of other people's companies wasn't Abony's thing.
Fun's CEO says he could write a book on lessons learned from CryptoLogic and Petopia. He won't; he'll use them to help build Fun instead. The major lesson of the dot-com days, of course, is the importance of revenue. "Earnings didn't matter in the bubble," says Abony, "and that's just wrong. What I love about online gaming businesses is that they are incredibly profitable once they hit critical mass." Fun--which posted a $3-million loss for the nine months ended Sept. 30--isn't there yet, but industry watchers expect to see positive earnings-per-share numbers this year. Much of that, Abony says, will come from organic growth. You can, however, bet on more acquisitions. After all, the youngest CEO on the TSX is extremely hungry, and not just for hamburgers.
Wednesday, January 6, 2010
Andrew Rivkin and Mark Rivkin are founders of Cryptologic
Andrew Rivkin and Mark Rivkin, laid the foundation of Cryptologic Inc as an e-gaming provider in 1995. The company finally started when Anatoly Plotkin, joined the brothers as Chief Technical Officer. With a robust transaction system E-cash in place, Andrew Rivkin and Mark Rivkin took the gaming aspect into the online arena. The online aspect of the game offered the players a strong system for cash collection which was secure and the players also got a fair chance at winning the games as the software created by Cryptologic was highly advanced in functionality.
By taking the idea of Cryptologic into the online gambling arena, Andrew Rivkin and Mark Rivkin offered great value to the online casino service providers who were looking for a trusted system for use in their casinos. Cryptologic received its first client in 1996 and the company started demo-testing their software to take out any deficiencies before they put the software in the market. When Andrew Rivkin's Cryptologic software opened for real money play, Cryptologic received great feedback from its clients and the company established a solid reputation in the online gaming market.
In less than four years of time, Andrew Rivkin's Cryptologic crossed several milestones in their business and the company's yearly profits showed great growth. Through their E-cash system, Cryptologic made nearly US $4 billion in its beginning years. Andrew Rivkin's Cryptologic Inc also topped 40% in its revenue growth and the company was listed on Toronto Stock Exchange, NASDAQ, Sprott Securities and London Stock Exchange.
Andrew Rivkin's Cryptologic found great success that began from its formative years and increased as their client base expanded. The clients of Cryptologic included some of the most well known and respected names in the online gambling and gaming industry. With clients including The Sand of The Caribbean and Kenny Rogers Casino, Andrew Rivkin's Cryptologic Inc established excellent standards for online casino and gaming arena.
By taking the idea of Cryptologic into the online gambling arena, Andrew Rivkin and Mark Rivkin offered great value to the online casino service providers who were looking for a trusted system for use in their casinos. Cryptologic received its first client in 1996 and the company started demo-testing their software to take out any deficiencies before they put the software in the market. When Andrew Rivkin's Cryptologic software opened for real money play, Cryptologic received great feedback from its clients and the company established a solid reputation in the online gaming market.
In less than four years of time, Andrew Rivkin's Cryptologic crossed several milestones in their business and the company's yearly profits showed great growth. Through their E-cash system, Cryptologic made nearly US $4 billion in its beginning years. Andrew Rivkin's Cryptologic Inc also topped 40% in its revenue growth and the company was listed on Toronto Stock Exchange, NASDAQ, Sprott Securities and London Stock Exchange.
Andrew Rivkin's Cryptologic found great success that began from its formative years and increased as their client base expanded. The clients of Cryptologic included some of the most well known and respected names in the online gambling and gaming industry. With clients including The Sand of The Caribbean and Kenny Rogers Casino, Andrew Rivkin's Cryptologic Inc established excellent standards for online casino and gaming arena.
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