Information Analysis Closes Acquisition of Gray Matters, Inc.
Summary
In the short time it has been in existence, the company has transformed how blockchain supports SCM; constructing a Zero Trust product to secure and monitor the lifecycle of mission-critical materials from manufacturing through destruction and recycling. “As noted in our announcement of the definitive agreement to acquire Gray Matters, we have been hard at work repositioning our company to be a leading provider of high-value software solutions,” said IAI Chairman and CEO Jamie Benoit. We start with several million dollars of booked 2022 revenue and a small but solid contract base with very desirable government customers and ample cash on our balance sheet.” Mr. Benoit added, “Jeff Gerald and his team have accomplished much in a very short period of time. For over a decade, he served as Chief Executive Officer of FedData, a technology products and services firm focused on mission support in the intelligence community and DoD. Investors should read and understand the risk factors detailed in the Companys 10-K for the fiscal year ended December 31, 2020, and in other filings with the Securities and Exchange Commission.