Intellicheck Announces Appointment of Jeffrey Ishmael as Chief Financial Officer
MELVILLE, New York, May 09, 2022–(BUSINESS WIRE)–IntellicheckInc. (Nasdaq: IDN), an industry-leading identity company providing on-demand digital and physical identity validation, today announced that the Board of Directors has appointed Jeffrey Ishmael as Chief Financial Officer to from the close of business on May 13. Outgoing CFO Bill White holds a position at another company outside of the identity space.
“We are very impressed with Jeffrey’s extensive financial experience focused on SaaS and his significant strategic and operational expertise which we believe makes him exceptionally well qualified to serve as CFO as we continue to innovate and deliver the best technology solutions as an industry -leader in identity validation,” said Intellicheck Chairman of the Board, Guy L. Smith.
Intellicheck CEO Bryan Lewis said, “I am very pleased to welcome Jeffrey to the Intellicheck team. Jeffrey has an impressive track record as an operations-focused CFO for two hyper-growth SaaS-based companies, one of which sold for over $1. I am impressed that Jeffrey has driven the implementation of operating plans and strategic initiatives while playing a key role in supporting productivity, improving metrics and driving team collaborations. Most importantly, he has demonstrated expertise in applying financial and business acumen to develop and execute innovative solutions and has successfully built and led high-impact teams.”
Mr. Ishmael’s SaaS experience includes his role as founding CFO of Cylance Inc., which was the first company to apply artificial intelligence and algorithmic science to cybersecurity and improve the way businesses, governments and end users proactively resolve the world’s toughest security issues. . After joining Cylance as the seventh employee, the company experienced hyper growth and grew to over seven hundred employees over four years with operations in twelve countries. With billings exceeding $100 million after year four, Cylance has established itself as a preeminent security disruptor. Cylance was acquired by Blackberry for $1.4 billion.
Mr. Ishmael said, “I am delighted to be working with Bryan and the Intellicheck team to drive growth, profitability and value for our shareholders.
After Cylance, Ishmael served as CFO of Obsidian Security, the first truly comprehensive threat and posture management solution designed for SaaS. Their platform consolidates data from core applications to help teams optimize configurations, reduce excessive privileges, and mitigate account compromise and insider threats. The company was founded in 2017 by industry experts from Carbon Black and Cylance.
Mr. Ishmael brings to Intellicheck extensive experience working with private equity and venture capital firms, including Blackstone, Greylock, Khosla Ventures, DFJ, KKR, Dell Ventures, Citi Ventures and Wing Ventures. Mr. Ishmael’s public company experience includes working as a sellside analyst at Wedbush Morgan Securities and held various FP&A positions at public companies and their subsidiaries earlier in his career.
Most recently, Mr. Ishmael was the CFO of private equity-backed RAEN Optics, LLC, which experienced 60% revenue growth during his time there as a core member of the direction. Among his major contributions were the successful implementation of an ERP system and the expansion of distribution capabilities.
Intellicheck provides digital and physical identity verification solutions for fintechs and financial services companies, including 7 of the top 12 banks and credit card issuers, using Intellicheck’s flexible technology via point-of-sale scanners in physical locations as well as online via browser or mobile devices. The company’s frictionless solutions are also used by Buy-Now-Pay-Later vendors, more than 30,000 retail outlets, and multiple law enforcement and state agencies, including twenty-four at the state level. ‘State.
Intellicheck (Nasdaq: IDN) is an identity company that provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs. Intellicheck validates digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail companies, law enforcement and government agencies in North America. Intellicheck can be used via mobile device, browser or retail point of sale scanner. For more information on Intellicheck, visit us at the Web and follow us on LinkedIn, Twitter, Facebookand Youtube.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220509005263/en/
Media and Public Relations: Sharon Schultz (302) 539-3747
Investor Relations: Gar Jackson (949) 873-2789