Information Analysis Continues Building for Transformation

Rhea-AI Summary

Information Analysis Incorporated (IAIC) announced the appointments of Randy Boone as Chief Growth Officer and Heather Tortorelli as Chief Revenue Officer on December 1, 2021. Boone, with a proven sales record in federal and commercial IT sectors, will focus on expanding sales and channel teams. Tortorelli, previously CEO of Tellenger, will enhance marketing efforts. CEO Jamie Benoit emphasized that these additions are essential for the company's long-term growth strategy, particularly following the recent acquisition of Gray Matters, Inc.

Positive

• Appointment of Randy Boone, who has extensive sales experience, as Chief Growth Officer to drive sales expansion.
• Heather Tortorelli, with a background in IT leadership and marketing, appointed as Chief Revenue Officer.
• Acquisition of Gray Matters, Inc. complements the new leadership structure aimed at long-term growth.

Negative

• None.

Appoints Industry Veterans Randy Boone Chief Growth Officer, and Heather Tortorelli Chief Revenue Officer

FAIRFAX, Va., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (NASDAQ: IAIC), a leading information technology services and modernization company, announced the appointment of Randy Boone as Chief Growth Officer and Heather Tortorelli as newly appointed Chief Revenue Officer. Mr. Boone will lead the company’s aggressive expansion of its sales and channel teams and Mrs. Tortorelli will head the company’s marketing efforts.

Mr. Boone is a proven sales leader with a record of success across federal and commercial enterprise IT marketplaces. Recently, he held the position of Senior Sales Representative at Rapidfire Tools from 2020 to 2021. From 2013 to 2019 Mr. Boone held several positions at Forescout Technologies, most notably a Senior Channel Account Manager where he increased deal registration from 7 to over 100 in one year. Prior to that Mr. Boone previously developed sales and channel programs at Infoblox, NetCordia and Juniper Networks.

Ms. Tortorelli is a proven IT business leader, with her most recent experience serving as CEO of Tellenger, Inc., which was acquired by Information Analysis in April of 2021. As CEO, she provided leadership on all aspects of the business, including finances, sales, employee retention, marketing, and overall strategic distinction. Prior to that she held several positions at Marriott Corporate Headquarters from 2002 to 2012, including: Senior Director of Rewards eMarketing and Web Strategy. As senior director, Ms. Tortorelli was responsible for the digital strategy and implementation for Marriott’s loyalty program of over 25 million Marriott Rewards members. In these fields, Ms. Tortorelli developed expertise in digital solutions, enterprise development, and led large teams in front-end and back-end development.

IAI CEO Jamie Benoit noted, "Since joining IAI two months ago I have been working with our board and senior executives to establish a solid foundation for our long-term growth. Our recently-announced acquisition of Gray Matters, Inc. is a key piece of the puzzle as is the addition of Heather and Randy. Heather has been with IAI since our acquisition of Tellenger earlier this year and I look forward to her continued contribution as a key member of our senior leadership team as we develop a sophisticated marketing platform. I’ve known Randy Boone for years and the significant sales experience in high-value sectors he brings is critical to our transformation into a leader in the Zero Trust, blockchain and IoT verticals. The addition of Heather and Randy to our leadership team are critical to our long-term growth and I’m confident both will help the management team deliver it."

About Information Analysis Incorporated

Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology products and services company. The Company historically specializes in software conversions, systems modernization and security. The Company is prepared to begin offering its own suite of software Blockchain-enabled secure supply chain products and will begin its transition to a software provider.

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

FAQ

What recent leadership changes occurred at IAIC?

IAIC appointed Randy Boone as Chief Growth Officer and Heather Tortorelli as Chief Revenue Officer on December 1, 2021.

Who is Randy Boone and what is his role at IAIC?

Randy Boone is the new Chief Growth Officer at IAIC, focusing on expanding the company's sales and channel teams.

What experience does Heather Tortorelli bring to her role at IAIC?

Heather Tortorelli, appointed as Chief Revenue Officer, has a strong IT leadership background, previously serving as CEO of Tellenger.

How does the acquisition of Gray Matters, Inc. relate to the new leadership at IAIC?

The acquisition is seen as a key piece for IAIC’s long-term growth, complementing the strategic appointments of Boone and Tortorelli.

What is the focus of IAIC's growth strategy under the new leadership?

The focus includes expanding sales efforts and enhancing marketing strategies to establish a stronger presence in Zero Trust, blockchain, and IoT verticals.