Leading Team of Renowned Technology-Industry Executives Positions IDI
to Become a Leading Player in the High-Growth Data Fusion Industry
BOCA RATON, Fla.--(BUSINESS WIRE)--Jun. 26, 2015--
IDI, Inc. (NYSE MKT: IDI), an information solutions provider,
today announced that Michael Brauser has been appointed Executive
Chairman of the Board of Directors. Mr. Brauser replaces Robert Fried
who remains a director on the Board.
Mr. Derek Dubner, Co-CEO of IDI, Inc. stated, "Since the completion of
the strategic acquisition of Interactive Data by The Best One, Inc.
(“TBO”), which Michael Brauser co-founded, and subsequent merger with
IDI, we have realigned our infrastructure and put in place a team of
leaders that bring together the unparalleled experience and expertise to
transform the existing data fusion industry utilizing our advanced
technology platform. We are honored to have Michael Brauser serve as
Executive Chairman of our Board and to help lead our team.”
Michael Brauser has been a key player in the Data Fusion sector since
its earliest days, having built market-leading companies that
collectively have produced revenues of over $2 billion. These include,
Kertz Security, which was acquired by Wayne Huizenga in 1995 for $28
million; Naviant, an internet marketing company that was sold to Equifax
in 2001 for $135 million; Seisint, which Reed Elsevier purchased in 2004
for $775 million; 5to1, an Internet advertising company that Mr. Brauser
sold to Yahoo in 2011 for $28 million; and Interclick, which was also
acquired by Yahoo in 2011, for $280 million.
Since TBO’s merger with IDI in March 2015, a significant amount of
progress has been made laying the groundwork for IDI to transform itself
into a leading player within the Data Fusion industry. Having identified
a tremendous need for more advanced data solutions in today’s
information-driven world, IDI is now expanding its focus to include the
Risk Management and Marketing industries, as well as Data Analytics.
Mr. Dubner continued, “The leadership assembled at IDI is comprised of
industry executives who bring forth combined experience of 50+ years. We
are excited to bring our cutting-edge, advanced data mining solutions to
data-driven markets that demand today’s most advanced data fusion
systems.”
About IDI, Inc.
IDI, Inc. is an information solutions provider focused on the
multi-billion dollar data-fusion market. IDI delivers otherwise
unattainable insight into the ever-expanding universe of consumer- and
business-centric data. Through proprietary linking technology, advanced
systems architecture, and a massive data repository, IDI will address
the rapidly growing need for actionable intelligence to support the
entirety of the risk management industry, for purposes including due
diligence, risk assessment, fraud detection and prevention,
authentication and verification, and more. Additionally, IDI's
cross-functional core systems and processes are designed to deliver an
unrivalled level of clarity into consumer data to support advanced
marketing analytics.
RELATED LINKS http://ididata.com/
Forward-Looking Statements Disclaimer
This press release contains “forward-looking statements,” as that term
is defined under the Private Securities Litigation Reform Act of 1995
(PSLRA), which statements may be identified by words such as “expects,”
“plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,”
“intends,” “estimates,” and other words of similar meaning. Such forward
looking statements include statements about whether we have put in place
a team of leaders that bring together the unparalleled experience and
expertise to transform the existing data fusion industry utilizing our
advanced technology platform. There are a number of important factors
that could cause actual results or events to differ materially from
those indicated by such forward-looking statements, including the risks
set forth in IDI’s Annual Report on 10-K, filed with the SEC on April
15, 2015, as well as the other factors described in the filings that IDI
makes with the SEC from time to time. You are cautioned not to place
undue reliance on these forward looking statements, which are based on
our expectations as of the date of this press release and speak only as
of the date of this press release. We undertake no obligation to
publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
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Source: IDI, Inc.
IRTH Communications
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