FRONTEO USA Appoints Industry Veteran as Chief Financial Officer
01 Maggio 2017 - 6:10PM
FRONTEO USA, Inc. (“FRONTEO USA”) (NASDAQ:FTEO) (TSE:2158), a
leading provider of global eDiscovery, managed review solutions and
big data analysis services utilizing artificial intelligence (“AI”)
technology, today announced the appointment of Michael Novelly as
Chief Financial Officer (“CFO”) of FRONTEO USA. In the CFO role,
Novelly will be responsible for leading the financial organization
for FRONTEO USA, and coordinating global financial reporting with
the corporate offices of FRONTEO Inc. (“FRONTEO”) in Tokyo.
Novelly comes to FRONTEO USA with nearly 30 years of experience
at global technology, software and media companies, including Dolby
Laboratories and Time Warner, Inc., as well as professional
services firms including KPMG and Deloitte. His background
includes work with public and private companies, in corporate
finance, operations management, financial planning and analysis,
mergers and acquisitions, and investor relations. Novelly most
recently served as CFO of Gracenote, a global entertainment data
and technology company.
“I am pleased that Michael will be joining FRONTEO USA. He
brings a great track record in strategy, operations, team building
and company integration,” said Craig Carpenter, CEO of FRONTEO USA.
“His contributions will be vital in meeting our short-term
profitability targets and executing on our long-term growth
strategy.”
“I am excited about the opportunities that lay ahead for
FRONTEO,” said Michael Novelly. “The work FRONTEO is doing in
business intelligence (BI), artificial intelligence (AI) and other
emerging technologies has the potential to truly re-shape legal
discovery and to open growth opportunities in new areas. I look
forward to working with the global FRONTEO team in expanding the
company’s service delivery as we continue to build long-term value
creation for clients and shareholders.”
About FRONTEO USA, Inc.
FRONTEO USA, Inc. (“FRONTEO USA”) is a wholly-owned direct
subsidiary of FRONTEO, Inc. (“FRONTEO”) a publicly traded global
technology and services company specializing in big data,
artificial intelligence, information governance, managed review,
and litigation consulting for the eDiscovery market. FRONTEO USA
serves Am Law 200 law firms, Fortune 500 companies and government
agencies across all phases of the eDiscovery process including
collection, processing, forensic investigation, hosted review, and
production. FRONTEO USA provides robust English language services
along with advanced specialization in Chinese, Japanese and Korean
languages supported by our Lit i View platform. Driven by the
unique FRONTEO AI technology KIBIT, companies are able to
proactively and predictively assess fraud, data leakage and
pre-crime events alongside the eDiscovery lifecycle and gain a deep
understanding of their data. FRONTEO USA is a Relativity Best in
Service Orange partner as well as a RelativityOne Certified
Partner, and maintains review centers in San Francisco, Los
Angeles, Phoenix, Houston, New York, Washington, DC, London, Tokyo,
Seoul, Taipei City, and Manila. For more information visit
www.fronteo.com/usa.
Safe Harbor Statement
This announcement contains forward-looking statements. These
forward-looking statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. Among other things,
the amount of data that FRONTEO expects to manage this year and the
potential uses for FRONTEO’s new service in intellectual
property-related litigation, contain forward-looking statements.
FRONTEO may also make written or oral forward-looking statements in
its reports filed with, or furnished to, the U.S. Securities and
Exchange Commission, in its annual reports to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about FRONTEO’s beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: FRONTEO’s
goals and strategies; FRONTEO’s expansion plans; the expected
growth of the data center services market; expectations regarding
demand for, and market acceptance of, FRONTEO’s services;
FRONTEO’s expectations regarding keeping and strengthening its
relationships with customers; FRONTEO’s plans to invest in research
and development to enhance its solution and service offerings; and
general economic and business conditions in the regions where
FRONTEO provides solutions and services. Further information
regarding these and other risks is included in FRONTEO’s reports
filed with, or furnished to the Securities and Exchange Commission.
FRONTEO does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release and in the
attachments is as of the date of this press release, and FRONTEO
undertakes no duty to update such information, except as required
under applicable law.
CONTACT:
FRONTEO USA Marketing
Tel: (866) 803-7668, then dial 6
usinfo@fronteo.com
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