Paul Arena

Paul Arena Photo

Over the past 30+ years Paul served in various executive capacities and performed various corporate finance, syndication, and distribution functions. He participated in the successful completion of over $3 billion of combined financings during his career and is a recognized leader and public speaker in technology, media and telecommunications best practices.  Since July 2021, Paul has been an affiliate of Shadow Ventures. From March 1991 to present, Paul has held the positions of Chairman of the Board, Chief Executive Officer, President and owner of AIM Group, Inc., an investment holding company. Since February 2017, he has held the position of Chief Executive Officer of Intellectual Property Network, LLC. From April 2016 to present, Paul founded and owns ArenaLife, LLC, a line of health products to promote wellness and alleviate pain and discomfort. 

From July 2017 to July 2021, Paul held the position of Chief Executive Officer and Director of Parallax Health Sciences, Inc. Previously, from March 2013 through January 2014 he was a Senior Managing Director of AudioEye, Inc. and then Executive Chairman from January 2014 through March 2015.  AudioEye has recently traded NASDAQ under the symbol “AEYE” with a market value over $400 million in 2021.  Paul was previously Chief Executive Officer of Augme Technologies, Inc. from June 2010 to September 2012 and was Chairman from September 2011 through December 2012. During Paul’s tenure, Augme grew from less than $1 million in sales to over $30M in sales and from less than $40 million market value to over $400 million market before acquiring Hipcricket, Inc. in 2011 for $63 million. Hipcricket, Inc. was purchased in 2015 by Upland Software, Inc., and has recently traded NASDAQ under the symbol “UPLD” with a market value over $1.5 billion in 2021.

From February 2002 to March 2010, Paul held various executive positions including Chairman of the Board, Chief Executive Officer, Principal Financial Officer and founder of Geos Communications (formerly i2 Telecom International) and its subsidiaries that went from start-up, to becoming publicly traded and had a market value in excess of $100 million before selling a controlling interest.  Paul served in various executive capacities including Chairman of the Board, Chief Executive Officer, President and founder of Cereus Technology Partners, Inc. and its subsidiaries, from May 1991 to April 2000. Cereus became a NASDAQ-listed public company that achieved a market capitalization in excess of $350 million prior to Paul’s departure. During 1994, Paul was a financial advisor to and became a minority interest owner in Great Lakes Pulp & Fiber, Inc., a $228 million project financing and one of the world’s largest paper recycling facilities.

From February 1988 to January 1990, he was a Senior Vice President and partner of Gulfstream Financial Associates, Inc., a subsidiary of the Kemper Group ($10+ billion assets). During the period 1982 through 1988, Paul held Vice President positions with Cralin & Co., Drexel, Burnham, Lambert, Inc. and Interstate Securities Corporation, all New York Stock Exchange member investment firms. Paul has a senior executive operating track record and has assisted in the deal structuring and financing of mobile marketing, healthcare, audio enabled Internet, Internet telephony, Internet service providers, enterprise application services, converting motion picture films into color, mercury detection devices for drilling rigs, ATM debit cards, color video telephones, color FAX transmissions, aircraft leasing, various types of manufacturing and, various commercial real estate ventures for hotel, shopping center, and multi-family housing projects.