SOURCE: GuardTime

GuardTime

October 06, 2011 12:40 ET

GuardTime, Inventor of Keyless Signatures, Appoints New CFO and COO

SINGAPORE and LOS ANGELES, CA--(Marketwire - Oct 6, 2011) - GuardTime (www.guardtime.com), creator of the Keyless Signature technology used to provide indisputable proof of time, origin, and integrity for electronic data, today appointed Tim Fitzpatrick as its new Chief Financial Officer. Fitzpatrick replaces the previous CFO Bart Matusow, who has been appointed as GuardTime's new Chief Operating Officer.

Before joining GuardTime, Fitzpatrick served as General Counsel for five years to a $3 billion NYSE-listed medical devices company. Prior to that, he practiced law in the corporate finance practice of international law firms in the United States and Hong Kong. Fitzpatrick received his MBA from the Kellogg-HKUST Executive MBA Program in Hong Kong, in addition to a JD degree from the University of California/Los Angeles School of Law, and an MA degree in Political Science from University of California/San Diego, and a BA in Political Science from Hamilton College.

"We're excited to have Tim Fitzpatrick join our executive team," said CEO Mike Gault. "I've seen him in action selling GuardTime's technology to airline stewardesses. Given his impressive credentials we're confident Tim will help drive our growth plans in not just the legal and financial services industry but other key verticals."

As GuardTime's new COO, Bart Matusow has 20 years of financial industry experience covering money markets, commercial paper, foreign exchange, corporate bonds and derivatives. Prior to serving for nearly three years as CFO for GuardTime, he was a Director at Credit Suisse and before that, a Trader at the Commonwealth Bank of Australia. He received a Bachelor's degree in Economics and English from Rutgers University.

"Bart Matusow performed a great service for us in the CFO role," added Gault. "Our finances are strong and Bart was instrumental in achieving our goals in the early stages. Now we need his excellent service to step up in a broader role as COO to manage the company's growth into the future."

Most recently, GuardTime was selected co-winner of the Innotribe $100K Start-Up Challenge, honoring the company as one of the world's most promising financial technology start-ups.

About GuardTime
GuardTime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. GuardTime's Keyless Signatures provide proof of origin and that not a single bit has changed since a point in time. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. GuardTime's mission is to change the world to one where Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the cloud. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.

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