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Thursday, December 10, 2015 11:44:55 PM
CHAIRMAN & CHIEF EXECUTIVE OFFICER
![](http://www.gdsi.co/wpimages/wp1049aa23_05_06.jpg)
As President and Chief Executive Officer, Richard Sullivan is responsible for the Company’s strategy, leadership and day-to-day operational activities.
Mr. Sullivan is a true entrepreneur. His first participation in founding a technology company yielded a purchase to French conglomerate Schlumberger for the highest price paid to that date for an OTC stock - $76 per share. Since then, Dick has founded several companies - a manufacturing software firm, White Hat Systems, later purchased by Pacific Telesis and a CAD/CAM firm, Encode Technology, that had the second-highest sales volume in the industry.
More recently, Dick founded high tech company Applied Digital, recognized as one of the country’s fastest growing companies and which topped the NASDAQ in trading volume. That company spawned two more successful public companies – Digital Angel (Amex: DIGA) and Verichip (NASDAQ: CHIP). Dick received the prestigious World Economic Forum’s “Award for Advanced Chip Technology” presented in Davos, Switzerland in 2001. President Bush invited Dick and other technology leaders to a White House breakfast discussing the best uses of technology in combating terrorism following the 9/11 attack.
Applied Digital was the subject of two Harvard Business School case studies. The first followed the company's efforts to build a marketing plan for its Digital Angel GPS/wireless personal security device. The second study followed the successful merger of Digital Angel and Outerlink Corp., a client of
Zero Stage Capital Funds, Boston, MA.
Dick is past Chairman of the Board of rVue Holdings, Ft. Lauderdale, FL. rVue is an industry pioneer in the digital out-of-home (“DOOH”) advertising media market. Dick is Entrepreneur in Residence with Accretive Exit Partners, LLC, Boston, Massachusetts (“AEP”) whose business is taking positions in mid-stage private companies, replacing financing partners who wish to divest themselves of their equity share of those businesses.
Dick has had his own merger and acquisition business since the mid-1980's. Solutions, Inc. is headquartered in West Palm Beach, FL. He is also co-founder of Vox Equity Capital, a specialized private equity fund manager that has been purchasing bank private equity portfolio investments since 2006.
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