Hotter Than a Volcano – the Explosive Growth of a Startup into a Red Hot IPO

WHAT: The USC Health Care Business Club presents an evening with USC undergraduate alumnus R. Scott Huennekens, the President and CEO of Volcano Corporation. Huennekens will discuss the process of taking a company public as well as the place medical devices and medical device companies have in saving lives.Volcano develops and manufactures products for minimally invasive treatment of atherosclerosis in the coronary and peripheral arteries. The market potential for products Volcano is selling and developing is over $2 billion.Huennekens started as the company's 11th employee, and has led Volcano from a pre-revenue start-up to its IPO in June 2006, which included raising more than $200 million of private and public equity. The company now has more than 1,000 employees and over 800 million in market capitalization. Volcano's stock was the No. 1 performing Med Tech IPO of 2006 and is up approximately 100% since its IPO. Volcano's current revenue run rate is over $200 million and has been growing at a rate in excess of 30% per year. The company's revenues are global in nature with about 50% in the U.S. and 50% outside the U.S.WHO: Scott Huennekens has served as President and Chief Executive Officer of Volcano Corporation and Chairman of the Board of Directors since April 2002. Before joining Volcano, Huennekens served as the President and CEO of Digirad Corporation, a medical imaging company. Huennekens holds a B.S. in Business Administration from the University of Southern California and an M.B.A. from Harvard University. WHEN: Thursday, March 26, at 7:30 pmWHERE: Hoffman Hall, Room 1 on the University Park campus.RSVP: Please RSVP to uschcbc@gmail.com or the USC Health Care Business Club Facebook Event group http://www.facebook.com/event.php?eid=49220402324 if you would like to attend.MORE: Light refreshments will be served.

Location: H. Leslie Hoffman Hall Of Business Administration (HOH) - Room 1

Audiences: Everyone Is Invited

Contact: Georgia Lum