Dean's Advisory Council: Timothy P. Keenan
Timothy P. Keenan is an active entrepreneur who has been a principal in the building and selling of four businesses. In the most recent, Mr. Keenan was president and chairman of the board of directors of High Performance Technologies, Inc. (HPTi). As president, Mr. Keenan had overall strategic and operational responsibility for HPTi’s initiatives in developing systems technologies. As one of the original founders of HPTi, he helped to develop and grow HPTi into a dynamic firm known for its combination of creative design and disciplined execution. High Performance Technologies, Inc. (HPTi) (now a subsidiary of Dynamics Research Corp) provides high performance computing, system engineering, and health care information technology to Federal Government customers including the Department of Defense, Intelligence Agencies, Department of Veterans Affairs and Justice Department.
From 2002, when Mr. Keenan assumed the CEO role at HPTi, the company annual revenue grew from $22 million to $113 million (CAGR=20%) and operating income grew from $1.1 million to $19 million (CAGR=37%). In 2011, revenue grew from $90 million in 2010 to $113 million in 2011 (26%) and operating income more than doubled from $9 million to $19 million. All of HPTi’s growth was organic. HPTi was sold in June 2011 for $143 million (12 times trailing 12 months EBITDA). Washington Technology cited the sale as one of the best mid-size deal of the year.
Mr. Keenan is adept at corporate strategy and program planning for entrepreneurial organizations and is an acknowledged expert in program capture and competitive strategy development. With nearly three decades of technical and managerial experience in the design, development, and integration of leading-edge systems for the federal marketplace, Mr. Keenan is consistently sought to participate in industry studies of large, mission-critical, software-intensive systems. He is also pursued for his insights into market balance, acquisition streamlining and business transformation.
Under Mr. Keenan’s leadership, HPTi built the eighth fastest supercomputer in the world, was named one of the top 25 federal contractors by the Washington Business Journal, received the 2008 National Capital Business Ethics Award, the 2009 American Business Ethics Award and was honored with the United States Senate Productivity Quality Award Plaque of Excellence for 2006, 2007, and 2008 and the 2009 Medallion of Excellence in Quality. Additionally, HPTi has flourished to generate record financial results and was named a Top-Ten Growth Firm for 2007 and 2008 by the Private Company Index. While Mr. Keenan’s leadership and guidance has directly impacted the success of the firm, he believes it is HPTi’s unwavering commitment to the firm’s core values that allows HPTi to succeed, despite industry trends. Founded seventeen years ago on the principles of Great Team, Mutual Respect, Career Focus, Client Commitment, and Integrity, Mr. Keenan believes that the results from commitment to these timeless values speak for themselves.
Mr. Keenan and HPTi display a strong commitment to industry and community outreach. This is because Mr. Keenan and HPTi believe that improving the quality of life for others improves our quality of life as well. Mr. Keenan is an adjunct professor for GMU’s Executive MBA capstone and an adjunct professor of Entrepreneurship at Georgetown University and an Entrepreneur in Residence for the McDonough School of Business. As part of this commitment, Mr. Keenan serves on the Dean’s Council of The Ohio State University’s Fisher College of Business, the George Mason College of Science Advisory Council, and the James Madison University Deans’ Council for the College of Business. These Councils provide program evaluation, assessments of new initiatives, and consideration of new activities valuable to the colleges’ portfolio of programs. Tim also supports the Board of Directors of the Fairfax Partnership for Youth, an organization dedicated to “Bringing the Community Together to Reduce Youth Violence and Promote Positive Youth Development.”
Mr. Keenan graduated with a B.S. from The Ohio State University and earned his M.B.A. from Southern Illinois University at Edwardsville. He has received Ernst & Young's Entrepreneur of the Year Award, OSU’s Professional Achievement Award, GovCon’s Executive of the Year, the American Business Award for Best Executive, Winning Workplace’s Best Boss Award, and the Entrepreneurism Award from Fisher College of Business at The Ohio State University. In 2008, Mr. Keenan was inducted into the Southern Illinois University Edwardsville Alumni Hall of Fame.