Welcome!

IBM Cloud Authors: Pat Romanski, Yeshim Deniz, Liz McMillan, Elizabeth White, Stefan Bernbo

News Feed Item

InferX Corporation Executive Management Team Expanded; Paul B. Silverman Joins as CEO and President; Carl Eckstein Joins Board of Directors

STERLING, Va., Dec. 27, 2012 /PRNewswire/ -- InferX Corporation (OTC/PK: NFRX) announced today an expanded senior executive management team to support the company's ambitious growth plans developing new advanced predictive analytics solutions in the rapidly growing analytics market addressing health care and other key market sectors.

InferX pioneered and commercialized a powerful, proprietary suite of predictive data analysis technologies and tools. The Company has two patents issued and three additional patents recently awarded its second patent for its real time, distributed predictive analytics and business intelligence system and has three additional predictive analytics patents pending.

Paul B. Silverman has agreed to serve as President and CEO of InferX, replacing B.K. Gogia who has been serving as Acting President & CEO after the resignation in July 2012 of Vijay Suri as President and CEO of InferX. Mr. Silverman will assume responsibility for overall InferX business operations, including all InferX services, business intelligence solutions and 'predictive analysis' driven solutions which are a growing segment of InferX's business.

"Next generation business analytics is today's IT revolution, changing traditional rules of market, strategy, and operations analysis, driving economic growth and exciting new opportunities," said Paul B. Silverman, InferX President and CEO. "I foresee opportunities to use InferX's proprietary agent-based predictive analytics technology to develop and deliver innovative new health care analytics solutions reducing costs, and improving operations and quality of today's health care services. Personalized medicine, improved disease management protocols, new tools to reduce fraud, new applications in all sectors- that is what lies ahead driven by new analytics solutions- InferX plans to play a highly visible role in this market evolution," said Silverman.

Under the new management plan, InferX Founder B.K. Gogia, will serve as Chairman, and also Executive Vice President leading InferX's Health Care initiatives, a new division which will be responsible for managing current health care projects in the evidence-based medicine and analytics arena, working with major health care partners.

"We are pleased that we have attracted highly experienced, successful senior management executives to support InferX's growth, helping the Company address the exciting, exponential growth health care analytics market," said B.K. Gogia, InferX's Chairman.

Mr. Silverman has a highly diversified and successful track record spanning 35 years serving as an experienced CEO, senior corporate management executive, global management consultant, public and private company CEO.  Mr. Silverman has more than 10 years senior global management consulting experience, serving in senior management consulting positions with Coopers & Lybrand and Booz Allen and Hamilton, and also serving as CEO for James Martin Strategy, Inc. (JMS) co-managing all North American business operations for the Amsterdam-based global management consulting services firm. Mr. Silverman also has more than 18 years senior corporate management experience with leading global information industry players including GTE, RCA, Xerox and Satellite Business Systems (division of IBM), where he served as General Manager of International Services. Mr. Silverman accepted an appointment to serve as Special Representative for the Virginia Israeli Advisory Board (VIAB) within Governor Tim Kaine's office to identify, review and assist in attracting Israeli-based defense, homeland security and next gen health care companies to Virginia.

Mr. Silverman also serves as an Adjunct Professor at the R. H. Smith School of Business at the University of Maryland where he teaches both MBA and undergraduate strategy courses. A frequent speaker at industry conferences and user groups, Mr. Silverman has published many articles and OpEds on new management directions, analytics, international business, market trends, policy and business issues, and also publishes a blog (www.paulbsilverman/blog). He is also the author of "Worm On A Chopstick –Understanding Today's Entrepreneurial Age: Directions, Strategies, Management Perspectives," an entrepreneurial management book sharing strategies and perspectives helping entrepreneurial managers address emerging challenges and opportunities  Mr. Silverman holds a BS in Physics from CCNY and an MS in Management from Polytechnic University of New York.

Carl Eckstein has also been appointed to serve as a member of the Board of Directors and will also serve as a Senior Advisor. Carl Eckstein is Managing Partner of Sundial Ventures, LLC, a business development firm. Mr. Eckstein served as Managing Director of NextGen Capital I and II venture capital funds and is now developing a new NextGen III venture capital fund (www.nextgencapital.com). He has directly participated in 22 investments and in some cases served as CEO of selected portfolio companies. He has over thirty years of experience as a venture capitalist, consultant and the owner of several software firms engaged in GIS and information technology consulting. Mr. Eckstein's experience also includes serving as a principal with Arthur Young, consultant at Price Waterhouse, and a systems engineer at IBM.

About InferX Corporation
InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Sterling, VA.
For more information go to the InferX website www.inferx.com

Forward-Looking Statements
Certain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/11 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.

©2012 InferX Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.

SOURCE InferX Corporation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"We view the cloud not as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo (http://www.CloudComputingExpo.com), held June 7-9 at the Javits Center in New York City, NY.