– USA, VA – Information Analysis Incorporated (OTC: IAIC), today announced the appointment of Jamie Benoit to its Board of Directors as Chairman and CEO effective August 26, 2021.
“We were fortunate to find a partner and exceptional leader in Jamie Benoit that can quickly accelerate our growth. His understanding of new markets and his visibility into unique acquisition opportunities are attuned to, and aligned with, the Company’s transformation strategy. I am proud to have led IAI as Chairman to get us to this point, and I am equally excited to remain on the Board to be a part of this next chapter under Jamie’s leadership.” said outgoing Chairman, Mark Krial.
Mr. Benoit will work alongside former CEO Stan Reese, who will remain President and continue to manage operations at IAI.
About Jamie Benoit
Jamie Benoit brings to IAI an impressive track record delivering impressive shareholder returns. Under his leadership and through acquisitive and organic growth, Benoit will aggressively strive to reposition the company as a disruptive technology and commercial enablement leader in government and global private sector verticals. Benoit comes to IAI as a CEO with deep experience in private equity and corporate finance as well as distinguished service in the military, civilian government, and elected offices.
Before joining IAI, Mr. Benoit spent much of his career devoted to the defense and intelligence operations of the United States. For over a decade, he served as CEO of FedData, technology products, and services firm focused on mission support in the intelligence community and DoD. FedData continues to deliver innovative hardware, data transport, software engineering, and computer network operations solutions through several prime contracts with various organizations.
Mr. Benoit led FedData through the acquisition of three different companies and a sale in 2018 that delivered an 80%+ IRR to FedData’s initial private equity partners and employee-shareholders. He subsequently delivered nearly 50% EBITDA growth in 18 months to his new private equity partners before leaving the company in 2019. During his tenure, he led the company through a complicated integration and retained 90%+ of the acquired company workforce.
Mr. Benoit possesses a unique blend of corporate, legal, military, and government experience. Before his tenure at FedData, he served as an officer in the U.S. Army during the 1990s and subsequently served as an appellate law clerk and practiced law at several national law firms. He has expertise in corporate formation, mergers and acquisitions, banking, and finance, and routinely applies those skills leading and enabling government and commercial organizations. Mr. Benoit was also twice elected to the Council of Anne Arundel County, Maryland, and served from 2006 to 2014.
Mr. Benoit is a graduate of Georgetown University Law Center, the University of Baltimore, and St. Mary’s College of Maryland.
Mr. Benoit commented, “IAI has offered best-in-class systems modernization government services and has been a stable presence in the public markets for over a quarter-century. Its workforce offers the perfect blend of entrepreneurial spirit and technical skills to enable the Board’s and leadership team’s vision for the future. I look forward to building on the services we provide to our government partners, helping find new ways to solve hard problems, acquiring new capabilities, rapidly repositioning the business in the public markets, and expanding our products and services to commercial enterprises.”
About Information Analysis Incorporated
Information Analysis Incorporated, headquartered in Fairfax, Virginia, is an information technology products and services company. The Company specializes in software conversions, systems modernization, and security.
For more information: https://www.infoa.com/
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