Tech solutions firm Symbolic IO names new chairman, interim CEO

By Eric Strauss
Holmdel | Sep 5, 2017 at 2:53 pm

Symbolic IO, a computing and storage solutions firm based at Bell Works in Holmdel, has a new executive chairman and an interim CEO, it announced recently.

The company, which has developed a computational-defined storage solution called IRIS, said in a news release that Carr Bettis has taken over as executive chairman, while Thomas Cowan has been named interim CEO. The two will drive the company’s strategic direction and guide it through its next round of funding, as well as a transition to a permanent executive leadership team.

Former CEO Brian Ignomirello was terminated as of May 31, while former President and Chief Operating Officer Jonah Ninger left the company.

“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,” Bettis said in a prepared statement. “Along with Tom, I am committed to guiding the company and helping accelerate its go-to-market strategy and next phase of growth.”

Bettis, chairman of financial technology firm Verus Analytics and AudioEye, manages a private equity portfolio via Fathom Lab and has materially participated in Symbolic IO’s 2016 and 2017 note financings, the company said.

“This is an exciting time for Symbolic IO,” Cowan said in a statement. “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.”

Cowan, who has more than 30 years of experience as an executive, will oversee day-to-day operations as Symbolic IO transitions from its developmental phase to an operational one. He has served as an executive with companies including IBM, Tivoli, OutlookSoft and NHL.com.