Insightful Appoints Ron Faith Vice President and General Manager of InFact and Promotes Giovanni Marchisio to Vice President of
November 01 2005 - 4:30PM
Business Wire
Senior Executive Brings Sales, Marketing and Product Development
Expertise to Insightful's InFact(R) Software Insightful
Corporation(R) (NASDAQ:IFUL), a leading provider of software
solutions for analysis of numeric and text data, announced today
that Ron Faith has joined the company as vice president and general
manager of InFact(R) and Giovanni Marchisio has been promoted to
vice president of engineering-text analysis and search. Mr. Faith
will be responsible for sales, marketing and product development
for InFact, an industry leading text analysis and advanced
relationship search application. Mr. Marchisio will continue to
oversee research and development for InFact. "Ron's experience in
executing successful sales, marketing and product development
initiatives makes him an invaluable addition to our team as we move
forward in furthering the development and delivery of text analysis
applications," said Jeff Coombs, president and chief executive
officer of Insightful. In this position, Mr. Faith will report
directly to Mr. Coombs and will serve as a member of Insightful's
executive management team. Before joining Insightful, Mr. Faith
spent eight years at Qpass, a mobile software infrastructure
provider. While at Qpass, he served as vice president in a number
of capacities including sales, business development and leading the
company in its transition to mobile data services. Prior to Qpass,
Mr. Faith led consumer Internet initiatives at Apple Computer
(NASDAQ:AAPL), in particular, overseeing the launch of Apple's
first consumer Internet software offering, the Apple Internet
Connection Kit. "I look forward to working with Insightful's strong
management team as we move forward in offering the most complete
and effective suite of text analysis and advanced search
applications for solving problems relating to information overload
and unstructured text mining," said Mr. Faith. "I believe we have
an opportunity to bring the power of intelligence extraction and
discovery from text to every knowledge worker across the
enterprise." Regarding Mr. Marchisio's promotion, Mr. Coombs said,
"Giovanni has shown great leadership and vision and is directly
responsible for building a strong, effective text analysis team.
This promotion is well deserved. We look forward to his continued
devotion to InFact, and to Insightful." InFact 3.0 delivers a new
interactive text query language designed to execute custom,
flexible, and complex searches from a simple Web interface (much
like familiar Internet search tools). InFact is designed to enable
professional analysts and researchers, who have long been
frustrated by the inaccuracy and limitations of keyword search and
early generation natural language processing search, to accurately
uncover facts and relationships within text documents. InFact
boasts the world's most advanced natural language processing to
enable very precise and accurate searching, thereby increasing
productivity and the quality of intelligence retrieved from text
documents. ABOUT INSIGHTFUL Insightful Corporation (NASDAQ:IFUL)
provides enterprises with scalable data analysis solutions that
drive better decisions faster by revealing patterns, trends, and
relationships. The company is a leading supplier of software and
services for statistical data analysis, data mining, and knowledge
access enabling clients to gain intelligence from numeric and text
data. Insightful products include S-PLUS(R), Insightful Miner(TM),
S-PLUS(R) Server, and InFact(R). Insightful consulting services
provide specialized expertise and proven processes for the design,
development, and deployment of customized solutions. The company
has been delivering industry-leading, high-ROI solutions to
thousands of companies in financial services, life sciences,
biotechnology, telecommunications, manufacturing, plus government
and research institutions. Headquartered in Seattle, Insightful has
offices in North Carolina, France, Switzerland, and the United
Kingdom, with distributors around the world. For more information,
visit www.insightful.com, email info@insightful.com, or call
1-800-569-0123. Note to Investors - Forward-Looking Statements This
press release contains forward-looking statements, including
statements about the capabilities of InFact (including tasks that
users can accomplish with the product); InFact product features and
deployability across the enterprise; the capabilities of competing
products now or in the past; and customer acceptance of our
software products. Forward-looking statements are based on the
judgment and opinions of management at the time the statements are
made. Inaccurate assumptions and known and unknown risks and
uncertainties can affect the accuracy of forward-looking
statements. Actual results could differ materially from those
expressed or implied by the forward-looking statements for a number
of reasons, including, without limitation, the risks associated
with errors or defects in our software; the risks associated with
our ability to compete in the markets we serve; and the risks
associated with market demand and customer acceptance of our
products. More detailed information regarding these and other
factors that could affect actual results is set forth in our
filings with the Securities and Exchange Commission, including our
most recent Quarterly Report on Form 10-Q. You should not unduly
rely on these forward-looking statements, which apply only as of
the date of this release. We undertake no obligation to update
publicly any forward-looking statements to reflect new information,
events, or circumstances after the date of this release or to
reflect the occurrence of anticipated events.
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