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Wednesday, December 16, 2015 6:30:20 PM
Sullivan is an entrepreneurial pioneer. In 2001, Sullivan received the prestigious World Economic Forum's "Award for Advanced Chip Technology" presented in Davos, Switzerland. He served as Chairman and CEO of Applied Digital Solutions, where he executed a technology rollup involving 42 acquisitions that succeeded in increasing the company's share price from $2.50 to a peak of $18 per share. During Sullivan's decade-long tenure as Chairman and CEO, Applied Digital was one of the highest volume traded stocks on NASDAQ. Sullivan also served as Chairman and CEO of Digital Angel Corporation and led the effort to spin off VeriChip Corporation. In 1970, he was a founding member of the management team of Manufacturing Data Systems, Inc., which listed at $7.50 per share and was sold to Schlumberger N.V. in 1980 at $65 per share.
Under Sullivan's leadership at Applied Digital Solutions ("Applied") the GDSI team built and successfully executed multiple private-to-public company roll-up strategies. At Applied, Sullivan and his leadership team carried out a private-to-public company roll up totaling some 42 acquisitions and growing annual revenue from $1 million to $350 million over five years. Applied was recognized as one of the country's fastest-growing technology companies, regularly topping the NASDAQ in trading volume. The company's stock price rose sharply from $2.50 to $18.00 per share, reaching a peak market capitalization of approximately $2.5 billion.
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