Algebraix Data Board of Directors
Mr. Silver has been building companies and creating liquidity events for shareholders for over 25 years. In the late 1990s, as cofounder of RealAge, Inc., he built the company from scratch, conceived its business plan, raised over $15 million in capital, negotiated key strategic relationships and, most importantly, positioned the company for profitability, which enabled it to survive the dot com bust. In 2007, RealAge was sold very successfully to the Hearst Corporation and now is an anchor property in the Hearst Digital Media division.
Prior to RealAge, Mr. Silver founded and built the Oil Dispatch franchise in Michigan. It grew to be the largest independent quick-oil-change operator in the state and was successfully sold to Jiffy Lube. After graduating from the University of Michigan, and prior to his entrepreneurial career, Mr. Silver served for two years as a staff member for a United States Congressman.
John Mutch is the President and Chief Executive Officer of Beyond Trust Software, a privately held security software company focused on Privilege Access Lifecycle Management solutions sold into the global 2000 IT infrastructure market. Prior to Beyond Trust, Mr. Mutch was appointed by the U.S. Bankruptcy court to the Board of Directors of Peregrine Systems. He assisted that company in a bankruptcy work out proceeding and was named President and CEO in July of 2003 and ran Peregrine Systems operating the company under an SEC consent decree, culminating in a sale to HP for $425 million dollars in December of 2005.
Before running Peregrine, Mr. Mutch served as President, CEO and a Director of HNC Software, an enterprise analytics software provider. Under his leadership, the company nearly doubled revenue and successfully spun out Retek in an IPO which returned more than $2.5 billion to shareholders. HNC Software was sold to Fair Isaac Corporation in August of 2002 for $825 million.
Mr. Mutch also spent seven years at Microsoft Corporation in a variety of executive sales and marketing positions. Mr. Mutch holds an M.B.A. from the University of Chicago and a B.S. from Cornell University where he serves on the advisory board for the undergraduate school of business.
Mr. Berner has had a long and distinguished career as an entrepreneur and executive, and he continues to be an active board member, business consultant and investor – having invested in more than a dozen business ventures. He has served on the Boards of six public companies including RealAge for eight years, Garden Fresh for eight years and Hot Topic for 14 years. He is a former chairman, CEO, board member and founder of multiple specialty retail and wholesale companies. Mr. Berner has extensive experience and skills in merchandising, strategic planning, merger and acquisition strategies, advertising and marketing, finance, real-estate leasing and site selection in both mall and off-mall locations and information systems. He is a past board member of the Corporate Directors Forum and is currently active in Tech Coast Angels.
Mr. Ingram is senior vice president of financial operations and strategy for Leap Wireless International, Inc. Prior to joining Leap Wireless in 2007, he was vice president and general manager of AudioCodes, Inc., a telecommunications equipment manufacturer. From September 1996 until its acquisition by AudioCodes in July 2006, Mr. Ingram was president and CEO of Nuera Communications, Inc., a provider of VoIP infrastructure solutions. Prior to joining Nuera Communications, he served as chief operating officer of the clarity products division of Pacific Communications Sciences, Inc. a provider of wireless data communications products, as president of Ivie Industries, Inc. a computer security and hardware manufacturer, and as president of KevTon, Inc. an electronics manufacturing company. Mr. Ingram holds an A.B. in economics from Stanford University and an M.B.A. from Harvard Business School.
Mr. Piedmonte is a self-starting software entrepreneur with a 20-year track record of successfully creating innovative, state-of-the-art solutions for a wide variety of problems in complex online information systems. He founded Eagle Creek Systems, Inc. in 1990 as its sole employee and grew it into a multimillion-dollar software-engineering business. From 1986 to 1990, Mr. Piedmonte was director of development for MOS Scale International, where he managed development and support for the Integrated Retail Terminal System and the Postal Validation Imprinter for the U.S. Postal Service. Mr. Piedmonte is an expert in Microsoft software products and technologies, object-oriented analysis and design, applications and systems design, and development and project management. He received a B.S. degree in Electrical Engineering in 1985 from the Rose-Hulman Institute of Technology, specializing in analysis of real-time systems, control systems theory and digital signal processing.
Mr. Stein is a computer-industry and start-up veteran. From 1999 to 2004, he was an independent management consultant in San Jose, California. From 1992 to 1999, he was vice president and research center director for Gartner Group, a firm of which he was cofounder. From 1985 to 1992, he was a general partner of a $225 million venture-capital partnership of which he was cofounder. From 1979 to 1985, he was executive vice president and chief operating officer of Gartner Group, where he managed all operations from day one, grew recurring revenues to $35 million in six years, and established Gartner Group’s franchise as the global leader in strategic IT consulting services. Prior to 1979, he spent 20 years in the computer industry in a variety of engineering, sales, marketing and general-management roles. Mr. Stein is a past director of 10 companies, including four with combined revenues of more than $1 billion that he cofounded. His track record includes 10 high-technology start-ups. He received a B.S. degree with distinction in Mathematics and Physics and did graduate work in Mathematics at the University of Minnesota Institute of Technology.
Steve Sprenger is an active angel investor. He is currently President and General Manager of Sprenger Midwest Inc., a wholesale lumber distributor doing business in seven states in the Midwest. Sprenger founded the business in 1979 after six years of sales and marketing with other wholesale lumber companies in Minnesota and South Dakota. A 1972 graduate of the University of Minnesota School of Business, Sprenger attended the Executive Management Institute and received the Award of Excellence from the University of Virginia McIntire School of Commerce in 1994.
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