IntelliVid Announces New Board Member, Board of Advisors; Intelligent Video Analysis Leader Names Industry Visionary to Board of Directors and Unveils Advisory Board of Industry Leaders.CAMBRIDGE, Mass. -- IntelliVid Corporation, the leader in Intelligent Video Analysis solutions for retail loss prevention, today named Domenic J. LaCava to its Board of Directors and unveiled its Advisory Board of senior industry executives. IntelliVid enables retailers to use video in ways never before possible to enhance profits, prevent loss and create a safer environment for their employees and customers. The company is addressing a critical market need. The retail industry suffers from over $33 billion in losses each year according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry surveys. To combat these losses, many retailers have made large investments in Closed Circuit Television (CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television ) and recorders for loss prevention and security purposes. However, they have found it very difficult to effectively use the enormous volume of video information they collect. IntelliVid is the first company to help retail loss prevention professionals fully leverage their video assets to reduce theft and increase profits. Domenic LaCava is a member of VX Management Group, an executive management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm. He has over 30 years' experience in the high technology industry, having built successful businesses in both the computer and telecommunications industries. Prior to his current position, Mr. LaCava held the roles of CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , President, COO and Corporate Vice President at companies including Eastman Software, PictureTel, Digital Equipment Corporation, and the PowerOpen Association. Early in his career, Mr. LaCava held a number of management positions of increasing responsibility at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . He is a past Director of PlaceWare Inc. which was successfully acquired by Microsoft in April of 2003. In addition to IntelliVid, Mr. LaCava currently is a Director at Top Layer Networks, Inc. of Westboro, Massachusetts. "IntelliVid provides the most advanced technology I've seen for retail loss prevention," commented Mr. LaCava upon joining IntelliVid's Board of Directors. "The company is already demonstrating its value in helping retailers use CCTV, such as tracking people and assets, automating alerts, and managing investigations. I'm excited to be involved with a company that's having such a major impact." Dr. Patrick Sobalvarro, President and CEO of IntelliVid, said, "We're gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that a prominent industry executive like Domenic LaCava has joined our Board of Directors, and I look forward to working with him. Having an individual of Dom's caliber join our board validates the importance of IntelliVid's mission as a key player in the retail loss prevention industry. That importance is further highlighted by the stellar Advisory Board that I am also very pleased to announce today. This group of thought leaders is a key strategic asset to IntelliVid as we accelerate into an exciting growth phase. Both of these boards play very important roles in helping IntelliVid continue to aggressively address the retail industry's loss prevention needs." In addition to Mr. LaCava and Dr. Sobalvarro, IntelliVid's Board of Directors includes: --Dr. William Strecker, Chairman of the Board: Partner at Flagship Ventures; former CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , Compaq --Michael H. Shanahan: Managing Partner and Co-founder, Egan-Managed Capital --Akshay Patel: Principal, Flagship Ventures IntelliVid's Advisory Board members are: --Professor Rodney A. Brooks: Director, MIT Computer Science and Artificial Intelligence Laboratory  It has been suggested that and be merged into this article or section. --Thomas E. Cashman: CEO of SyPixx Networks and former Senior Vice President and General Manager of Sensormatic's Video Systems Division --Professor Larry S. Davis: Chairman of the Computer Science Department, University of Maryland University of Maryland can refer to:
--Thomas Friedman: Founder and President of the Retail Systems Alert Group Inc. --Simson Garfinkel: Research Associate at MIT MIT - Massachusetts Institute of Technology ; author of Database Nation; and writer on privacy and computers About IntelliVid IntelliVid was founded in 2002 by a team of technology leaders to develop Intelligent Video Analysis solutions for retail loss prevention. Its team of market veterans and world-class software engineers are committed to continually providing innovative loss prevention products based on unique video processing technology. IntelliVid's products enable organizations to realize the full potential of their CCTV systems and increase their ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). significantly. For more information, visit www.intellivid.com. |
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