COMPANY BACKGROUND

Akonite provides optimization and data intelligence software solutions for supporting complex, multi-criteria decisions. Under the direction of one of the world's leading visionaries in Artificial Intelligence and Operations Research, Akonite has developed an advanced optimization engine that offers strategic sourcing based on multiple criteria to attain the best objective values. Manufacturers have benefited from Akonite's optimization engine through significantly reduced costs of their services, direct and indirect materials procurement. Akonite's optimization kernel is well-suited for a variety of supply chain applications, such as strategic sourcing decision guidance, logistics, network planning and excess inventory problems.

EXECUTIVE LEADERSHIP

Akonite has brought together a management team with deep domain expertise in supply chain planning, workflow and optimization. Together, the team has substantial management experience in high-growth organizations and includes veteran talent from 3Com, Calico Commerce, Cadence, HP, IBM, Network Tools, Oracle, PeopleSoft, RedPepper, Seagate, and Synopsys. Collectively, Akonite's management team sets the strategic direction of the company and focuses on superior execution to achieve long term goals of profitability, predictability, sustained growth, and ultimate customer satisfaction. Attracting and retaining the best talent is one of the team's major objectives.

Yuri Smirnov- President and Chief Executive Officer

Ying Huang- Chief Technical Officer

Cyndie Zikmund- Vice President of Marketing

Pat Finnigan- Chief Financial Officer

Company Directors

Law Firm - Warren Lazarow, O'Melveny & Myers LLP

X-Member of the Board - Fred Hoar - founder of the Band of Angels, deceased