Mark D. Iwanowski CEO, Formulus Black

Venture-backed start-up Formulus Black Corp. appointed Mark D. Iwanowski as its new CEO.

He is an experienced senior executive of international technology companies, and also a veteran of VC in IT, software, communications and clean technology start-ups.

He was most recently CEO and president of Global Visions-SV, Inc., a global consulting group focused on venture, M&A, and other early stage companies. At Global Visions he supervised the selection, mentoring and seed funding of 20 promising start-ups in the Republic of Georgia. Prior to that, he was MD of Trident Capital, a VC with average IRR exceeding 30%.

“I have been on both sides of the conference table, as a start-up executive and a VC, and from an operational and capital-raising perspective Formulus Black is a unique opportunity,” he said. “Today high-performance computing, analytics, ML and AI applications are the rule, not the exception, in industries like finance, automotive, telecom, energy, defense, and bioscience – Formulus Black’s Forsa software is a transformational technology for these environments.”

He spent four years at Oracle Corporation as SVP, global IT and CIO to guide the Software as a Service (SaaS) business and was involved in the acquisition and integration of approximately $30 billion of complimentary technology companies. For five years prior, he was COO of Science Applications International Corp.‘s telecom and IT outsourcing consultancy. He has also held executive positions with Raytheon, Honeywell, Applied Remote Technology (sold to Raytheon), Quantum Magnetics (sold to Invison then GE), and Neohapsis (acquired by Cisco). He serves on Richard Branson’s Virgin Galactic, the spaceship company’s, advisory board, which recently made its first commercial flight into space.

He played professional football for the New York Jets, Oakland Raiders, and Kansas City Chiefs.

He holds a bachelor’s degree in engineering from the University of Pennsylvania, a master’s degree in engineering from California Institute of Technology, and an M.B.A. from National University.

He replaces Dr. Carr Bettis who, for personal reasons, has stepped down as CEO and executive chairman.