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 changes to the U.S. leadership.
After successfully leading Evolve Discovery until its
acquisition in July 2015 and through the integration of our US
entities, forming FRONTEO USA, Andy Jimenez will be stepping down
from his position as CEO of FRONTEO USA.
During his 20 years as CEO of Evolve and since 2015 of FRONTEO
USA, Mr. Jimenez oversaw an exciting period of growth and
development of FRONTEO. Under his leadership, FRONTEO
increased revenue, expanded our legal business footprint and
successfully established the FRONTEO brand in the US. Mr.
Jimenez fostered a deeply dedicated culture and built a talented
team to provide the highest level of service we can give our
clients.
FRONTEO has identified Craig Carpenter to succeed Mr. Jimenez as
CEO of FRONTEO USA after a transition period. Mr. Carpenter is an
industry veteran with strong executive leadership experience.
Throughout his distinguished career, Mr. Carpenter has assisted
global clients in managing data intelligently while enabling the
efficient resolution of complex legal, compliance and governance
matters. Mr. Carpenter joins FRONTEO having held top senior
executive level positions at Kroll Ontrack, AccessData and
Recommind in the areas of sales, operations, business development
and marketing.
Mr. Jimenez said, “It has been a privilege to lead this
group. Often, it didn’t feel like leadership at all, but
rather an amazing group of people with a common purpose and a
common vision. I am so excited that Craig has joined the
team. Craig is both humble and confident, visionary and
grounded. I believe he exemplifies all that is good in
FRONTEO, and I know that he and Morimoto-san will continue to make
positive change in the lives of our customers and our
employees. I am so proud of what we have done, but more
proud of what FRONTEO will do in the future. I will
continue to be FRONTEO’s biggest cheerleader! There is
truly a bright future ahead.”
“I am humbled and honored to join the FRONTEO team, and thank
Andy and Morimoto-san for the tremendous opportunity they are
giving me to lead such a stellar group of professionals who have
built a global powerhouse,” said Craig Carpenter, CEO of FRONTEO
USA. “Much as predictive coding was once the future of
eDiscovery, I firmly believe artificial intelligence (AI) and
global expertise and capabilities are about to revolutionize legal
technology. As FRONTEO is the only company in the world with
strong AI technology and a global footprint, I am ecstatic to be
joining the company and look forward to helping FRONTEO realize its
extremely bright future.”
The company has established an Office of the CEO to facilitate
the period throughout the CEO transition. The Office of the
CEO will be comprised of Masahiro Morimoto, CEO of FRONTEO, Inc.
and Andy Jimenez and Craig Carpenter in the interim-co-CEO
position. The Office of the CEO will focus on the transition
plan and strategic priorities relative to FRONTEO’s market
position, operations and financial plan. After the
transition, Mr. Jimenez will continue to be involved with FRONTEO
as a strategic advisor to the Office of the CEO.
About Craig Carpenter
Mr. Carpenter is an industry veteran with strong executive
leadership experience who will use his deep domain expertise to
help advance FRONTEO’s strategic and operational objectives.
Throughout his distinguished career, Mr. Carpenter has
assisted global clients in managing data intelligently while
enabling the efficient resolution of complex legal, compliance and
governance matters. Mr. Carpenter has repeatedly established
himself as a partner to clients, thought leader and innovator in
the legal technology and eDiscovery industries. Most recently, Mr.
Carpenter was the SVP of Sales for Kroll Ontrack, where the
company’s strong revenue and EBITDA growth under his stewardship
helped lead to its successful acquisition in 2016 by the Carlyle
Group, one of the largest private equity firms in the world.
Before joining Kroll Ontrack, Craig served as President, Chief
Operating Officer and CMO at AccessData, a leading cyber security,
forensics and eDiscovery provider. In these roles, Mr. Carpenter
worked with clients to deliver a comprehensive approach to advanced
threat defense and cyber intelligence, leading to the cyber
security unit’s successful sale in 2015. Prior to AccessData, Mr.
Carpenter was the Vice President of Marketing and Business
Development and General Counsel at Recommind, spearheading the
eDiscovery industry's “predictive coding” movement and helping the
company grow from 35 employees to 500 before the company's ultimate
acquisition by Open Text in 2016.
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.
CONTACT:
FRONTEO USA Marketing
Tel: (866) 803-7668, then dial 6
usinfo@fronteo.com
FRONTEO (NASDAQ:FTEO)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
FRONTEO (NASDAQ:FTEO)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024