SAN FRANCISCO, May 02, 2017 (GLOBE NEWSWIRE) -- FRONTEO USA, Inc. (“FRONTEO USA”) (NASDAQ:FTEO) (TSE:2158), a leading provider of global eDiscovery, managed review solutions and big data analysis services utilizing artificial intelligence (“AI”) technology, today announced the appointment of Michael Novelly as Chief Financial Officer (“CFO”) of FRONTEO USA. In the CFO role, Novelly will be responsible for leading the financial organization for FRONTEO USA, and coordinating global financial reporting with the corporate offices of FRONTEO Inc. (“FRONTEO”) in Tokyo.
Novelly comes to FRONTEO USA with nearly 30 years of experience at global technology, software and media companies, including Dolby Laboratories and Time Warner, Inc., as well as professional services firms including KPMG and Deloitte. His background includes work with public and private companies, in corporate finance, operations management, financial planning and analysis, mergers and acquisitions, and investor relations. Novelly most recently served as CFO of Gracenote, a global entertainment data and technology company.
“I am pleased that Michael will be joining FRONTEO USA. He brings a great track record in strategy, operations, team building and company integration,” said Craig Carpenter, CEO of FRONTEO USA. “His contributions will be vital in meeting our short-term profitability targets and executing on our long-term growth strategy.”
“I am excited about the opportunities that lay ahead for FRONTEO,” said Michael Novelly. “The work FRONTEO is doing in business intelligence (BI), artificial intelligence (AI) and other emerging technologies has the potential to truly re-shape legal discovery and to open growth opportunities in new areas. I look forward to working with the global FRONTEO team in expanding the company’s service delivery as we continue to build long-term value creation for clients and shareholders.”
About FRONTEO USA, Inc.
FRONTEO USA, Inc. (“FRONTEO USA”) is a wholly-owned direct subsidiary of FRONTEO, Inc. (“FRONTEO”) a publicly traded global technology and services company specializing in big data, artificial intelligence, information governance, managed review, and litigation consulting for the eDiscovery market. FRONTEO USA serves Am Law 200 law firms, Fortune 500 companies and government agencies across all phases of the eDiscovery process including collection, processing, forensic investigation, hosted review, and production. FRONTEO USA provides robust English language services along with advanced specialization in Chinese, Japanese and Korean languages supported by our Lit i View platform. Driven by the unique FRONTEO AI technology KIBIT, companies are able to proactively and predictively assess fraud, data leakage and pre-crime events alongside the eDiscovery lifecycle and gain a deep understanding of their data. FRONTEO USA is a Relativity Best in Service Orange partner as well as a RelativityOne Certified Partner, and maintains review centers in San Francisco, Los Angeles, Phoenix, Houston, New York, Washington, DC, London, Tokyo, Seoul, Taipei City, and Manila. For more information visit www.fronteo.com/usa.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the amount of data that FRONTEO expects to manage this year and the potential uses for FRONTEO’s new service in intellectual property-related litigation, contain forward-looking statements. FRONTEO may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about FRONTEO’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FRONTEO’s goals and strategies; FRONTEO’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, FRONTEO’s services; FRONTEO’s expectations regarding keeping and strengthening its relationships with customers; FRONTEO’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where FRONTEO provides solutions and services. Further information regarding these and other risks is included in FRONTEO’s reports filed with, or furnished to the Securities and Exchange Commission. FRONTEO does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and FRONTEO undertakes no duty to update such information, except as required under applicable law.
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