SCWorx Announces appointment of Timothy Hannibal, Seasoned Technology Executive and Entrepreneur, as President, Chief Operati...
August 14 2020 - 7:00AM
August 14, 2020, SCWorx Corp. (Nasdaq: WORX) announced today the
appointment of Timothy Hannibal as President, Chief Operating
Officer and Director. Mr. Hannibal, currently the Company’s
Chief Revenue Officer and Interim CFO, will report to the Board of
Directors and be responsible for overseeing the day to day
operations of the Company, including financial operations.
Mr. Hannibal is a seasoned technology executive
and entrepreneur, with nearly 30 years’ experience in SaaS and
cloud technology, driving revenue, go-to-market strategies,
business development and mergers and acquisitions. Mr. Hannibal
joined the Company in January 2019 and has since served as its
Chief Revenue Officer and Interim CFO. Prior to joining the
Company, Mr. Hannibal was an executive at Primrose Solutions (the
predecessor to SCWorx) which he joined in September of 2016. At
Primrose, Mr. Hannibal was responsible for overseeing marketing,
sales and operations, including executing the Company’s business
plan. Mr. Hannibal has a successful track record of growth and
management at both startup and national companies.
Prior to joining Primrose, Mr. Hannibal was the
President and CEO of VaultLogix for thirteen years, a company he
founded. VaultLogix was a private equity sponsored leading SaaS
company in the cloud backup industry before being acquired by J2
Global, a publicly traded technology company ($3.2b market cap)
focused on cloud services and digital media.
Marc Schessel, the Company’s CEO commented “Tim’s extensive
experience in the SaaS sector, coupled with his strong operating,
business development and leadership skills should position the
Company well for maximum profitability and long term revenue growth
in the SaaS industry.
Mr. Hannibal stated “I am excited about the challenge of
managing the Company’s business and financial operations, and I
look forward to implementing the strategies needed to drive long
term revenue growth and profitable operations.”
About SCWorx Corp.
SCWorx has created The Ultraverse Platform™, an
advanced attributed virtualized item data warehouse (“VDW”)
utilizing machine learning and artificial intelligence to offer a
suite of software-as-a-service based solutions for healthcare
providers. The value proposition for customers revolves around full
integration of all solution modules with the VDW platform. The
solution modules include Virtual Item Master, contract management
and request for pricing (RFP) module, automated rebate management
module, data interoperability (EMR, MMIS, finance) module,
Automated Item Add Portal, Virtual General Ledger, and the data
analytics module. SCWorx’s Ultraverse Platform™ creates a single
source for information for healthcare providers’ data governance
and data analytics for executives.
Forward-Looking Statements
This press release contains “forward-looking
statements” that involve substantial risks and uncertainties for
purposes of the safe harbor provided by the Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included in this press release
regarding strategy, future operations, future contract renewals and
terminations, future financial position, prospects, plans and
objectives of management are forward-looking statements. You can
identify many (but not all) such forward-looking statements by
looking for words such as “assumes,” “approximates,” “believes,”
“expects,” “anticipates,” “estimates,” “projects,” “seeks,”
“intends,” “plans,” “could,” “would,” “may” or other similar
expressions. You should not place undue reliance on these
forward-looking statements. Such statements are based on
management’s current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward-looking statements
as a result of many factors, including, without limitation, early
termination of agreements, securing future contracts and orders,
future product sourcing, supply disruptions, containing costs, the
ability to project future cash utilization and reserves needed for
contingent future liabilities and business operations, the
availability of sufficient resources of the company to meet its
business objectives and operational requirements and other
important factors that are detailed in filings with the Securities
and Exchange Commission made from time to time by SCWorx, including
its Annual Report on Form 10-K for the year ended December 31,
2019, Quarterly Reports on Form 10-Q, and Current Reports on Form
8-K. Matters described in forward-looking statements may also be
affected by other known and unknown risks, trends, uncertainties
and factors, many of which are beyond the company’s ability to
control or predict. SCWorx undertakes no obligation to release
publicly any revisions to any forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
Contact:
Investor Relationsir@scworx.com
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