Merged Firm Brings Next-Generation Predictive Analytics Products and Solutions to Key Growth Markets; Merger Resulted in Immediate Positive Cash FlowSTERLING, Va., Mar. 2/PRNewswire-FirstCall/ — InferX (Pink Sheets: NFRX), announced today that it has realigned its management team as a result of the completion of the October 27, 2009 merger with The Irus Group. In the company's Form 8-K filed with the Securities and Exchange Commission (SEC), the consolidated pro-forma financial results for September 30, 2009 shows revenues of $5,636,895 and net income of $120,175.
Corporation Strategic DirectionInferX is a market leader in next generation predictive analytics and business intelligence and is uniquely capable of delivering secure, real-time privacy preserving intelligence and strategic decision-making support for government and global enterprises. Through broad, diversified market adoption of its predictive data analytical solutions, InferX plays a critical role in promoting the safety and security of the nation's assets and its citizens, while also empowering commercial enterprises with the knowledge and material insight necessary to maximize profits and operational efficiencies. With InferX solutions, there is no need to move data or create expensive data warehouses. The products access, analyze and perform predictive analyses in real-time on multiple, distributed, and disparate databases and on reports, e-mails and other text-based documents.
InferX, an IBM Software ValueNet partner, continues to expand its client base to include existing Irus Group customers. The merged company now counts among its clients MasterCard, JP Morgan Chase, the US Navy, the US Army, and the US Air Force.
New Management Team
Vijay Suri will lead the company as chief executive officer. He brings over 20 years of experience designing and implementing large and complex predictive analytics, business intelligence and corporate performance management solutions. Prior to starting The Irus Group, Inc., he served in various leadership and management positions at Fannie Mae, Information Resources Incorporated (IRI Software) and Oracle Corporation. Under his guidance, The Irus Group had emerged as a market leader in the Business Intelligence and Analytics community, as well as a global firm offering large-scale, turn-key solutions. He holds an MBA from Alabama A&M University and is a graduate from the Harvard Business School Owner/President Management Program (HBS-OPM 37). Suri will continue leading InferX's push into the financial services market place.
B.K. Gogia, Executive Chairman, will be directing InferX's efforts in the healthcare space in his newly assumed role, in addition to having responsibility for product development. He is a recognized leader in the predictive analytics market with particular skill in developing and executing strategic plans for advanced analytical solutions in emerging markets. Gogia established InferX in 1999 to commercialize distributed data mining software developed at Datamat Systems Research, Inc., a research and development firm he founded in 1992. Prior to this, he served as a technical director and software manager at Science Applications International Corporation (SAIC), and held a senior technical position with Lockheed Martin Corporation. He is recognized as a visionary, strategic, and conceptual leader with an unwavering dedication to drive business development, profit growth, and client retention to maximize corporate success. He has been recognized for driving results, managing performance, and his innovative thinking and risk taking.
As Chief Operating Officer, Ray Piluso serves as the firm's operations executive leading and implementing company growth initiatives, delivery operations plans, business development, sales and marketing strategies. Mr. Piluso began his career in the U.S. Army and transferred to private industry to lead technology implementation for a large-scale Defense program. Mr. Piluso is a senior operations and sales executive with more than 19 years of information technology solutions experience that span from small to large enterprise environments. Holding various leadership positions, Mr. Piluso has a proven record of building teams that have earned reputations for quality excellence, solution delivery and customer satisfaction. Companies he has worked at, before joining the firm, include the Advanced Technology, Inc., PRC, Inc., Cameron Run Group, Inc., Compaq Computer, and Hewlett-Packard, Inc. Mr. Piluso will lead the firm's efforts in the public sector markets.
Dr. Jerzy Bala is the key architect of InferX's product suite and is a noted expert in decision support systems, distributed data mining, machine learning, automatic target recognition, genetic algorithms, advanced visualization and intelligent information retrieval and extraction. He served as a Principal Investigator engaged in a number of projects supporting the Navy, Air Force, DARPA, MDA and the National Imagery and Mapping Agency. Dr. Bala has conceived several new data mining techniques some of which have become the basis of InferX's product offerings. These include a distributed machine learning-based mining approach (InferAgent), a data mining approach geared towards the interactive acquisition and display of visual knowledge representations (InferView), data mining approaches for rule induction from computer vision generated data, a Genetic Algorithms-based approach for knowledge model refinement, and a machine learning-based cleansing approach for highly-contaminated data environments. A Ph.D. graduate in Computer Science of George Mason University, Dr. Bala earned a Master of Science degree in Electrical Engineering from the AGH University of Science and Technology, Krakow, Poland.
About InferX CorporationInferX 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.
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