LONDON and CAMBRIDGE, MA--(Marketwire - January 13, 2009) - InforSense Ltd., the
leading provider of next generation business and scientific intelligence
solutions, today announced that, in line with his recommendation,
Professor Yike Guo, InforSense's Founder, will transition from CEO in order
to focus on his new role of Chief Technology Officer and Head of Innovation
where he will spearhead the future direction and application of the
company's core technology offerings.
InforSense also announced today that it has secured $5 million in funding
commitment from its existing investors, reinforcing their support for the
company. InforSense will use the proceeds to invest in its leading
technology and infrastructure, and continue to expand its offerings in the
markets it currently serves.
This new commitment follows consecutive record revenue quarters resulting
in year-over-year growth of approximately 30%, with the number of customers
having increased in the same period.
David Bennett, who joined InforSense in January 2008 as Executive Vice
President Worldwide Sales, has been promoted to be the new CEO of
InforSense, effective immediately. Mr. Bennett brings more than 20 years
software industry experience to the company having served in senior
management positions at Definiens, SeeBeyond, and Documentum.
John O'Connell, who re-joined the board as Chairman in July of last year to
lead the re-financing and CEO appointment, has agreed to continue as
Executive Chairman as part of the new management structure.
"This is an exciting development period for InforSense, and I am pleased to
extend my term as Executive Chairman of the Board. InforSense's most recent
financial performance is a testament to their innovative technology and
solutions, and the quality of their management team," said John O'Connell,
InforSense Chairman of the Board. "As a Founder myself, I have been
enormously impressed with Yike Guo's achievement in getting the technology
and market position of InforSense to the prominence it has today. I am
delighted by the opportunity to now work alongside him, David Bennett, and
the rest of the management team, including our board, as we leverage our
ability to provide our customers with significantly faster time to insight
and return on investment than can be achieved with traditional business
intelligence (BI) tools."
"Together with the commitment from our investors, I am delighted with our
new Executive team, in line with my recommendation when John O'Connell
re-joined the board last July," said Professor Yike Guo, Founder and CTO,
InforSense. "David Bennett's strong operational and proven sales leadership
experience has already made a difference to our business. Coupled with John
O'Connell's ongoing input as Chairman of the Board, I believe InforSense is
poised to capitalize on its renowned technical superiority."
"InforSense has set the technology standard for Business and Scientific
Intelligence in a number of high growth fields including the
Pharmaceutical, Healthcare, and Financial Services industries," said David
Bennett, CEO, InforSense. "As a result of our strong focus on
Translational Research, Personalized Medicine, and Operational Performance
Analytics we are now matching our technology leadership with solid sales
growth. The company will continue to focus on delivering the fastest time
to insight and return on investment in the Business and Scientific
Intelligence market."
The Board of Directors expressed thanks to Dr. Guo for his extraordinary
achievements and leadership as InforSense's Founder and Chief Executive
Officer and reaffirmed his Board position, effective January 1, 2009.
About InforSense
InforSense goes beyond traditional business intelligence to provide an
integrated suite of agile, visual and predictive capabilities enabling
organizations to gain business and scientific insights and optimize their
business-critical decision-making processes, dramatically accelerating time
to insight and ROI.
Leading pharmaceutical, biotechnology, consumer goods, healthcare,
financial services, manufacturing and communications companies around the
world rely on InforSense to quickly and easily deliver business and
scientific intelligence and rapidly identify trends in data.
The company is privately held, with European headquarters in London, UK and
North American headquarters in Cambridge, Massachusetts.
For more information visit www.inforsense.com.
InforSense and the InforSense logo are registered trademarks of InforSense
Limited. All rights reserved. All other trademarks mentioned in this
document are the property of their respective owners.
