Executive Team

ELIAS M. TERMAN – B.A. in Economics from San Diego State University, Masters in Pacific International Affairs with an Area emphasis in Latin America and a Career Concentration in International Business Management from University of California San Diego. Mr. Terman is co-author of How to Sell Your Product in Mexico (AmCham 1993) as well as the author of various articles and publications on business and technology as they relate to the US Hispanic and Latin American markets. In a 1998 consulting contract, Mr. Terman, together with Carlos Cordeiro, wrote an application to the Mexican Government for a national long distance concession and lobbied the Mexican Government for the application's successful approval. He was a co-founder of Designet, a web development firm based in Mexico City where he managed 35 employees and was the creator, founder and CEO of etrato.com, Inc., a bilingual trading community and auction site which he sold to Quepasa.com, Inc. in December of 1999 for $15 million. Mr. Terman also served as a Vice President at Quepasa – at the time, the leading portal for the US Hispanic Community. He lived in Mexico City for 8 years and currently resides in San Diego, California. He is fluent in English and Spanish.

KARL McDERMOTT – Masters Degree in Engineering and Management (distinction), Kingston University and Kingston Business School, UK. Several diplomas granted by IBM Executive Education in strategic planning, marketing and finance. Mr. McDermott has founded several technology and service companies in Latin America. He has a proven track record in building a profitable business from scratch, SSE, to a recognized market leader, with revenues in excess of $5 million. Most recently, as SSE’s CEO, he grew sales 100% a year for four years in both Mexico and Brazil. Mr. McDermott has lived in Mexico for the past 10 years and is fluent in English, Spanish and Portuguese.