Symbolic IO Announces Executive Management Changes

 
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Carr Bettis and Thomas Cowan to Lead Company Through Strategic Round of Funding and Transition to its Permanent Executive Team

Holmdel, NJ (August 31, 2017) – Symbolic IO™, developer of the industry’s first computational-defined storage solution, IRIS™ (Intensified RAM Intelligent Server), today announced that Carr Bettis is now Executive Chairman of the company and Thomas Cowan has been appointed as the interim Chief Executive Officer. Bettis, working with Cowan, will drive the strategic direction of Symbolic IO 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, Bettis is the founder and chief architect of numerous market-leading financial science and technology companies, including five exits to multinationals.

Thomas Cowan is a seasoned executive with 30-plus years’ experience spanning a broad 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, Cowan will be instrumental in guiding the company through its second round of funding and search for a Chief Executive Officer. 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 full potential of the IRIS technology and creating new market opportunities for the product line.”

Symbolic IO is the first computational-defined computing and storage solution solely focused on an advanced computational algorithmic compute engine, which materializes and dematerializes data, to effectively become the fastest, most dense, portable and secure, media and hardware agnostic storage solution available today. IRIS is currently deployed at leading telecommunications companies, an advertising network, a global research facility, and a major university.

About Symbolic IO

Symbolic IO is the first computational-defined computing and storage solution solely focused on an advanced computational algorithmic compute engine, which materializes and dematerializes data, to effectively become the fastest, most dense, portable and secure, media and hardware agnostic storage solution available today. Based in the Bell Works facility, formerly Bell Labs, located in Holmdel, NJ, Symbolic IO and its IRIS™ product line is transforming enterprise computing and storage for media, government, healthcare, finance, military and other industries. For more information, visit www.symbolicio.com.

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Storage Industry Veteran Stephen Sicola Joins Symbolic IO’s Board of Directors

 
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Advisor with 40-Plus Years of Storage Technology Experience Bolsters Company’s Leadership Team

Holmdel, NJ (May 2, 2017) – Symbolic IO™, the developer of the industry’s first computational-defined storage solution, IRIS™ (Intensified RAM Intelligent Server), today announced that storage industry veteran Stephen Sicola joined the company as an advisor and board member, serving in this capacity since January 2017.  With four decades of experience in developing hardware and software solutions, Sicola has been involved in many industry-first innovations that have transformed the storage industry. He has worked for and advised leading companies such as Seagate Technology, Compaq (now HPE), and Digital Equipment Corporation.

Symbolic IO offers a new computing platform based on patented computational-defined storage algorithms. It’s IRIS product line accelerates all functions related to both the processing and the storing of data to operate seamlessly in the memory channel, ensuring the highest possible performance.

“The architecture of IRIS combines compute, storage, backup and security in one box, delivering unprecedented speed, performance, and scalability,” explained Sicola. “IRIS is an enterprise’s dream machine. It fundamentally changes and simplifies how enterprises can deploy complex computing environments, while significantly reducing OPEX and CAPEX requirements.”

“Steve Sicola is a superlative engineer and seasoned storage executive. His entire professional career has been spent designing and delivering original, innovative storage and computing products and solutions. He brings deep strategic and technical expertise to our Board,” said Brian Ignomirello, Founder, CEO and Chairman of Symbolic IO. “We are thrilled to have Steve as part of the Symbolic IO team. His contributions and guidance come at a great time as Symbolic IO embarks on a new phase of growth and development by delivering our IRIS products to market.”

Currently, Sicola is an advisor for multiple companies and has a consulting practice as well. Prior to this, Sicola was technical advisor to the CEO at Seagate Technology, CTO of X-IO Technologies, the VP and GM of Seagate’s Advanced Storage Architecture group, CTO of Compaq StorageWorks, and a Corporate Consulting Engineer at Digital Equipment Corporation.  A technical visionary and architect, Sicola was instrumental in bringing an array of hardware, software and systems to market, including array controllers, backplane controllers, modular arrays, an autonomic storage device, and SANs.

About Symbolic IO

Symbolic IO is the first computational-defined storage solution solely focused on advanced computational algorithmic compute engine, which materializes and dematerializes data – effectively becoming the fastest, most dense, portable and secure, media and hardware agnostic – storage solution.

The company was founded in 2012 by Brian Ignomirello, the former CTO of Hewlett Packard’s storage team, to transform the current enterprise storage industry from focusing on hardware, cards, chips and processors to embracing the way that big data works today and addressing the challenges facing companies with legacy systems.

Based in the Bell Works facility located in Holmdel, NJ, Symbolic IO and its IRIS™ product line is uniquely-suited to transform enterprise compute and storage for media, government, healthcare, finance, military and other industries, by allowing traditional storage activities that relied on drives, chips and processors to be media-agnostic and data driven, which results in faster access, more security and decrease in overhead costs. For more information, visit www.symbolicio.com.

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Symbolic IO Appoints Industry Veteran as Chief Technology Officer

Rob Peglar, Former Micron Executive, Brings More Than 30 Years of Storage Technology Experience to Symbolic IO

New York – July 12, 2016Symbolic IO™, the developer of the industry’s first computational-defined storage solution, IRIS™ (Intensified RAM Intelligent Server), today announced that Rob Peglar, formerly Vice President, Advanced Storage at Micron Technology (NASDAQ: MU), has joined the startup’s executive team as Senior Vice President and Chief Technology Officer (CTO). 

“My vision when founding Symbolic IO was simple – create a new method to actually solve today’s challenges instead of incrementally building on an archaic and flawed approach.  When Rob approached us about joining the company, it reinforced the fact that some of the most respected thought leaders in this industry recognize the revolutionary nature of what Symbolic IO is about to bring to market.  Rob shares the belief that the industry has run its course on today’s compute and storage models and it’s time to reinvent the way we approach how compute, storage, and networking works,” said Brian Ignomirello, Founder and CEO, Symbolic IO. “We are excited to have an executive like Rob being on the front lines to help further illustrate and educate customers on how to solve real business challenges with IRIS™ technology.”

“What Symbolic IO is doing, is quite frankly, the most innovative approach to stored data in 20 years, with huge implications on compute and how we architect systems in general and distributed systems in particular, “ said Peglar.  “It’s not every day that a company comes along with a truly innovative and new technology. What Symbolic IO is doing is a once-in-a-generation, breakthrough approach to the problem of optimally storing and using data for efficient computation. Just like all the major players got their start, we’ve created new category called computational defined storage.” 

The company’s IRIS™ product is currently offered in three variations: IRIS COMPUTE®, IRIS VAULT® and IRISSTORE®. 

 

About Symbolic IO

Symbolic IO is the first computational defined storage solution solely focused on advanced computational algorithmic compute engine, which materializes and dematerializes data – effectively becoming the fastest, most dense, portable and secure, media and hardware agnostic – storage solution.

The company was founded in 2012 by Brian Ignomirello, the former CTO of Hewlett Packard’s Global storage team, in an effort to transform the current enterprise storage industry from focusing on hardware, cards, chips and processors to embracing the way that big data works today and addressing the challenges facing companies with legacy systems. 

 

Based in Holmdel, NJ at BellWorks facility Symbolic IO and its IRIS™ product is set to transform enterprise data storage for media, government, healthcare, finance, military and other industries, by allowing traditional storage activities that relied on drives, chips and processors to be media-agnostic and data driven, which results in faster access, more security and decrease in overhead costs.

 

SYMBOLIC IO EMERGES FROM STEALTH; SURPASSES PROMISE OF 3D XPOINT

Former HP Storage CTO Launches First Computational-Defined Storage Solution

New York – May 24, 2016 - Today, Symbolic IO™ emerged from stealth mode with asuite of products destined to change the way industry defines storage and computing architecture, by bringing to market the first truly computational-defined storage solution. The company’s product, named IRISTM (the Intensified RAM Intelligent Server), will be offered in three variations: IRIS Compute, IRISVault and IRIS Store.  The server solution introduces a new approach to storage and computing by rethinking how binary bits are processed and ultimately changing the way data is utilized.  Symbolic’s solutions ensure that enterprise storage and compute no longer rely on media or hardware, instead “materializing” and “dematerializing” data in real-time and providing greater flexibility, performance and security.

“We have been testing IRIS in our organization and it’s completely changing the way we see storage and computing,” said Will Prince, Vice President Operations, MetTel.  “Our prior system would take minutes to run advanced database queries, IRIS is completing the queries in seconds, in initial beta tests.  The IRIS solution isn’t only the fastest product we’ve used, but it eliminates very real challenges for our organization, including data creep, duplication of data and it is creating one place for management workflow.  It’s giving us computational power and speed in a very dense hardware footprint.”

How it Works

Symbolic IO’s proprietary operating system, SymCE™ is dependent solely on the power of the processor, therefore, it is truly media agnostic, enhancing the underlying media’s density and performance, beyond anything previously conceived by traditional manufacturers. The proprietary technology is based on patented algorithms that work seamlessly with the current workflow and instruction sets, allowing for an easy implementation and zero downtime. In addition the solution is the most secure offering today, given the operating system is a conversion engine converting any data into a new sub-state, rendering the information useless to anyone else other than the systems owner, given it’s not stored.

“This industry hasn’t really innovated in more than 20 years, even the latest offerings based on Flash have limitations that cannot be overcome. Our goal at Symbolic IO was to completely redefine and rethink the way computing architectures work.  We’ve completely changed how binary is handled and reinvented the way it’s processed, which goes way beyond the industry’s current excitement for hyper-conversion,” said Brian Ignomirello, Founder & CEO, Symbolic IO.  “One of our early tests, allows us to run a full cable class content delivery network over 80+ nodes, while streaming 80+ full-featured movies simultaneously on one channel and requires less than 8% of the CPU capacity and we had plenty of headroom to run more.  IRIS is 10,000 times faster than today’s Flash.”

 

Offerings:

IRISTM Compute delivers the fastest, unparalleled processing performance, 10 times faster than 3D XPoint.

IRISTM Vault delivers computationally secure, unrecognizable data, and crypto shred and lock out features.  It offers physical security with Symbolic’s advanced ASIC and sensory technology, which features a secure shipment and other features.

IRISTM Store offers the greatest density of any storage device, by consistently surpassing one petabyte in 2U.

IRIS, the company’s first product, has been beta tested and will be in early access production with customers, prior to a limited general availability release in late Q4 2016.  The product will be based on a build cost structure with beginning units starting at approximately $80K and going up depending on features.

About Symbolic IO

Symbolic IO is the first computational defined storage solution solely focused on advanced computational algorithmic compute engine, which materializes and dematerializes data – effectively becoming the fastest, most dense, portable and secure, media and hardware agnostic – storage solution.

The company was founded in 2012 by Brian Ignomirello, the former CTO of Hewlett Packard’s Global storage team, in an effort to transform the current enterprise storage industry from focusing on hardware, cards, chips and processors to embracing the way that big data works today and addressing the challenges facing companies with legacy systems.

Based in Holmdel, NJ in the former Bell Laboratory facility Symbolic IO and its IRIS™ product is set to transform enterprise data storage for media, government, healthcare, finance, military and other industries, by allowing traditional storage activities that relied on drives, chips and processors to be media-agnostic and data driven, which results in faster access, more security and decrease in overhead costs.

Media Contact:

Domenick Cilea

dcilea@springboardpr.com

732-610-6850