Thomas Cowan Interim CEO, Symbolic IO

Symbolic IO Corporation announced that Carr Bettis is now executive chairman of the company and Thomas Cowan has been appointed as the interim CEO.

Bettis, working with Cowan, will drive the strategic direction and guide the company through the next round of funding and transition to its permanent executive team.

As part of the executive management changes, former CEO Brian Ignomirello was terminated on May 31, and former president and COO Jonah Ninger has left the company.

Carr Bettis manages a private equity portfolio via Fathom Lab and has materially participated in the 2016 and 2017 note financing for Symbolic IO. He is chairman of quantitative financial technology firm Verus Analytics, chairman of AudioEye (AEYE), and serves on the board of First Contact Entertainment. A serial entrepreneur and financial technology innovator, he is the founder and chief architect of numerous financial science and technology companies, including five exits to multinationals.

Thomas Cowan is a seasoned executive with 30-plus years’ experience spanning a range of companies and boards of directors. He will manage day-to-day operations as the company transitions from the development to the operational phase. Working with Symbolic IO’s executive team and investors, he will be instrumental in guiding the company through its second round of funding and search for a CEO. He has held CEO, executive, and board positions at IBM, Tivoli, OutlookSoft, Tagetik, Decisyon, PGA.com and NHL.com. Currently he serves as board director and advisor to tech companies, investment firms, and CEOs, and is on the faculty at Columbia University and director of the Columbia University Center for Technology Management.

“Transitioning from the development stage to now delivering on its transformative IRIS product line, Symbolic IO is uniquely positioned to address the complex computing and application challenges of today’s enterprises,” said Bettis. “Along with Tom, I am committed to guiding the company and helping accelerate its go-to-market strategy and next phase of growth.”

“This is an exciting time for Symbolic IO,” added Cowan. “I look forward to working closely with Carr and the seasoned executive team to realize the potential of the IRIS technology and creating new market opportunities for the product line.”

Read also:
Symbolic IO CEO Brian Ignomirello Arrested in Colts Neck
On outstanding warrants and alleged violation of restraining order
2017.07.28 | In Brief
Symbolic IO Emerges From Stealth With Computational-Defined Storage Solution
Founded by former CTO of HP StorageWorks
2016.06.08 | Press Release | [with our comments]