As chairman of Waterfield Group, J. Randall (“Randy”) Waterfield has years of experience in the financial services industry. The company now has diversified its offerings to include services in real estate, community banking, technology, and asset management. J. Randall Waterfield is continually looking for new companies to acquire to strengthen the company’s portfolio and outlook.
In 2015, Waterfield Technologies, LLC, also owned by Randy Waterfield, announced it was acquiring the software company Chrysalis Software, LLC. Chrysalis Software is most known for its Avaya line of technology-based office automation supplies. The company specializes in computer telephony integration as well as systems using integrated voice response technologies.
The merger was meant to expand both companies’ services in their contact center platforms. Both companies already have a niche in the customer service industry. The merger has potential to make the new company a leader in new solutions in office software development.
J. Randall Waterfield is an accomplished financial services executive who serves as the chairman of the Waterfield Group, which has billions of dollars of assets under management. In January 2015, J. Randall Waterfield’s enterprise software firm Waterfield Technologies, LLC, announced its acquisition of Chrysalis Software, Inc.
Chrysalis Software is a contact-center, sector-focused, professional services, and software company. A particular standout among Chrysalis Software’s line of products is the Avaya suite, which includes workforce management and contact center software, as well as voice-response systems with applications spanning diverse industries. Verticals served span the energy, health care, retail, and financial markets.
The merger of the two companies was characterized as significantly expanding revenue potential through increased market share and improved efficiencies. In addition, Mr. Waterfield’s executive team gained solutions providing capacities in several configurations, with hosted, on-site, and hybrid applications. Their competencies in delivering robust, secure, innovation-driven customer service applications were also significantly expanded.
A longtime diversified financial and technology services executive, J. Randall Waterfield chairs the Waterfield Group. In addition, J. Randall Waterfield sits on the board of Red Oak Partners, LLC, which invests primarily in high-performance, small- and micro-cap companies.
In 2014, Red Oak Partners joined with the Waterfield Group in investing in Kensington Vanguard National Land Services. Kensington subsequently acquired two Washington, D.C.-area enterprises, Clear to Close Settlement Services and New Era Title, both of which had head offices in northern Virginia. After the acquisition, operations of both were consolidated in a new office in Tysons Corner, Virginia.
New York City-based Kensington Vanguard’s move had the primary aim of expanding into the robust Washington, D.C., commercial real estate market, which represents billions of dollars in value. Led by Randy Waterfield and his investment team, the acquisition came in tandem with plans to expand Kensington Vanguard’s presence nationwide. The firm had already moved into the Dallas market, with other markets in Texas and Florida under consideration.
J. Randall Waterfield belongs to Mensa, the international society for people with high IQs. The society provides J. Randall “Randy” Waterfield and its other members an opportunity to share ideas and socialize among highly intelligent people. For those seeking to learn whether they qualify for the society, or simply wishing to exercise their mental muscles, Mensa offers several ways to practice the type of material found on its qualifying exam.
The Mensa workout is an online test that anyone can take for free on the Mensa website. It is important to note that it is not an official qualifying exam since official tests are only given in a supervised setting. However, the test does give participants an opportunity to see the type of questions that are on the official exam as well as to get a sense of their own abilities. The practice test consists of 30 multiple choice questions to be completed within half an hour and is graded automatically immediately after completion.
The society has also made available a video game called Mensa Academy that can be played on multiple platforms including Nintendo, Playstation, and Microsoft Windows. Players can receive coaching, practice, and take sample tests in a casual digital setting. The game covers material related to logic, numeracy, language, and other subject areas that are reflected on the official Mensa examination.
J. Randall Waterfield participates in a number of charitable activities including serving as a board member for summer programs at Culver Military Academies, a group of college preparatory schools in Indiana. The work that J. Randall “Randy” Waterfield does with Culver Military Academies helps young people learn academics, practical skills, and character in a supportive and structured setting.
The academies run a number of special programs for students designed to foster leadership abilities and good citizenship. One of these is the Global Pathways Spring Program. Students who participate in the program travel over their spring break to both foreign and domestic locations where they participate in worthwhile activities. For example, in 2015, some participants flew to Mexico to distribute school supplies to needy children, and others went to Mississippi by bus to participate in a group meeting with fellow young Christians.
Another special program that the academies run for their students is the Culture in Chicago program. Four times a year, a group of up to 45 students travels to Chicago by bus to enjoy brunch and then some kind of cultural event in the afternoon. Past events have included performances by the Chicago Symphony, special exhibits at the Art Institute of Chicago, and performances of Broadway plays like “Wicked.” The program allows students to take advantage of the rich cultural opportunities of a major metropolis through the guidance of Culver Academies.
Waterfield Group Chairman J. Randall “Randy” Waterfield has served the Young Presidents’ Organization (YPO) in multiple capacities, first as the Chairman of its New York City chapter, then Chairman for the Northeastern U.S. Region, and now on the organization’s International Board. With the support of experienced professionals like J. Randall Waterfield, the Young Presidents’ Organization provides an opportunity for business leaders to engage with each other, networking to build leadership skills and community ties.
In addition to exclusive business events on local, regional, national, and international levels, members of the Young Presidents’ Organization have access to educational programs that focus on business, personal, and social impact issues. In this way, YPO promotes the principles of community, respect, and confidentiality among some of the world’s most respected leaders.
YPO is an invitation-only group, and those considered for admission meet specific criteria. Among these, prospective members must have attained the position of president, CEO, or chairman of a significant corporation before age 45, and must have a recommendation from at least two preexisting members. Membership, which is kept confidential, comprises a network of nearly 23,000 business people and their direct family members.
J. Randall “Randy” Waterfield is the Chairman of Waterfield Group, an investment management and securities company with international locations that span the globe. In 2014, J. Randall Waterfield brought his knowledge and experience as a financier to the hedge fund Red Oak Partners, LLC, acting as a member of the firm’s board of directors.
Red Oak’s philosophy is that outperformance is generated by a focus on proprietary research, a disciplined investment style, industry expertise and decades of institutional investing experience in the largely underfollowed small cap universe. This segment of the market has outperformed all larger indices every decade for the past 90 years, but attracts less money flow due to the proliferation of larger funds. After identifying under-followed, mispriced lower-middle market companies trading at attractive valuations, Red Oak often partners with management to unlock value by accelerating catalysts, and in some instances we accelerate these catalysts via activism.
Additionally, Red Oak’s investment and operational risk management is continuously evaluated through portfolio construction and world-class institutional service providers, respectively. Investment risk is managed through position size and adjustment, correlations and beta-adjusted portfolio exposure as well as infrequent use of index puts to hedge macro risk.