Information Analysis Announces Reorganization of Government Services Business & Election of Two New Directors
December 03 2021 - 9:00AM
Information Analysis Incorporated (NASDAQ: IAIC)
,
a leading information technology services and modernization
company, announced today that it is restructuring and reorganizing
its legacy services business and new Board appointments to be
better aligned with its vision for future growth.
Under the reorganization, IAI’s existing
professional services business will be combined with its Tellenger
subsidiary. Tellenger will have a separate advisory board, led by
Stan Reese and Charles May. Mr. Reese has more than 25 years of
senior management experience, including over a decade of strategic
development and planning. Prior to serving as President of IAI, he
served briefly as its CEO and was Chief Operating Officer for 20
years. Lieutenant General Charles A. May USAF (Retired) is a
consultant focusing on national security and defense conversion
issues. In 1992, he retired from the Air Force where he last served
as Assistant Vice Chief of Staff at the Headquarters, US Air Force
in Washington D.C. He is a graduate of the US Air Force Academy,
where he once served as Associate Professor of Political
Science.
This reorganization creates two open spots on
the IAI Board of Directors, which will be filled by James C. “Chip”
DiPaula and Rear Admiral (Ret.) Paul Becker. Both appointees bring
leadership and expertise in the intelligence community, technology,
and marketing.
IAI CEO Jamie Benoit noted, ‘’Since joining IAI
three months ago I have been working with our board and senior
executives to establish a proper foundation for growth. In
providing Tellenger with its own advisory board, and moving IAI’s
government services business into Tellenger, we are ensuring that
we will be able to leverage Tellenger’s capabilities and maximize
our opportunities for long-term growth. Stan Reese and Charlie May
continue to be key leaders in our company and by stepping into new
roles they are putting Tellenger on a path to big things. Upon the
imminent closing of the acquisition of Gray Matters we will operate
separate software and government services businesses which we
believe is the best way to maximize long-term shareholder
value.”
RADM (Ret.) Paul Becker
Rear Admiral (Ret.) Paul Becker served with
distinction in the United States Navy. In a career that spanned
over 30 years as a Naval Intelligence Officer in peace, crisis and
combat, RADM Becker served assignments as the Director of
Intelligence (J2) for the Joint Chiefs of Staff, Director of
Intelligence, United States Pacific Command, Vice Director of
Intelligence, Joint Chiefs of Staff and Director of Intelligence,
International Security Assistance Force, Afghanistan.
From 2016-17 RADM Becker led the Presidential
Transition Intelligence Community Landing Team providing policy
input and strategic guidance to new Administration Secretaries and
senior leaders.
RADM Becker is the founder of the Becker T3
Group LLC, a business focused on global risk management, business
intelligence, cyber security and organizational leadership. He
holds an MPA from Harvard's Kennedy School of Government and a BS
from the U.S. Naval Academy.
Chip DiPaula
Chip DiPaula is an accomplished senior executive
who has launched, led and exited high-growth technology
organizations and succeeded at the highest levels of government and
politics. A recognized expert in digital marketing, Chip is the
Co-Founder of Flywheel Digital, a pioneering digital advertising
firm that optimizes ecommerce sales for the world’s largest brands,
including Amazon.
DiPaula also serves as the Chairman of the
University System of Maryland Medical System, with 25,000+
employees and more than $4 billion in annual revenue. From 2005 to
2007, DiPaula served as Chief of Staff to the Governor of Maryland.
In 2000, he served as Chief Executive Officer of the Republican
National Convention – the youngest person ever to run a
national convention.
With diverse expertise from his career as an
entrepreneur, technology and real estate executive, public servant,
and political strategist, DiPaula has spent his career successfully
enabling organizations to set and achieve ambitious strategic
goals. He is a graduate of Towson University.
“The addition of Admiral Paul Becker and Chip
DiPaula are important components of our transformation strategy,”
said Jamie Benoit, IAI Chairman and CEO. He added, “Paul Becker’s
deep understanding of the intersection of intelligence operations
and commercial technology will be vital as our team positions
itself in the government markets. Chip DiPaula’s unique expertise
in digital marketing and corporate communications is an equally
critical foundation in our larger strategy. I’m looking forward to
their partnership during this exciting time.”
About Information Analysis Incorporated
Information Analysis Incorporated
(www.infoa.com), headquartered in Fairfax, Virginia, is an
information technology products and services company. The Company
specializes in software conversions, systems modernization and
security.
In August 2021, IAI appointed Jamie Benoit
Chairman and CEO to lead a corporate transformation of IAI into a
provider of Zero Trust technology solutions to commercial and
government organizations.
Additional information for
investors
This release may contain forward-looking
statements regarding the Company's business, customer prospects, or
other factors that may affect future earnings or financial results.
Such statements involve risks and uncertainties which could cause
actual results to vary materially from those expressed in the
forward-looking statements. Investors should read and understand
the risk factors detailed in the Company's 10-K for the fiscal year
ended December 31, 2020 and in other filings with the Securities
and Exchange Commission.
For additional information contact:
Jeremy Hellman, CFA Vice President The Equity Group Inc. (212)
836-9626
Matt Sands, Sr. Vice President msands@infoa.com (703)
293-7925
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