The Collaboratory will address common technology challenges to create solutions that transcend industries, enhance operational efficiencies and improve service for customers.įounded in February 2014, the Collaboratory investors and participating organizations include American Electric Power, Battelle, Cardinal Health, Huntington Bank, L Brands, Nationwide and OhioHealth. The Columbus Collaboratory is an advanced technology company that focuses on driving solutions in the areas of big data, analytics and cyber security. I'm confident he will be extremely effective at helping us grow jobs in the region and provide substantial benefits to the equity members of the Collaboratory." "We are very fortunate to have someone of Matt's caliber to help us build on this momentum. "I'm proud of the progress the Collaboratory has made in advancing cyber and data analytics capabilities in the region," said Michael Keller, board chairman. He has built consulting businesses and led the commercial launch of several internet infrastructure and software-based services. Wald also worked for Battelle, where he architected the growth of the Information Technology Solutions group and pursued advanced technologies in data analytics, cyber security, and information sharing. Wald's background includes completing numerous investment and acquisition transactions and driving corporate innovation and collaboration. Wald's career has been built on innovation and creating value from IT-based products and services for startups, mid-market, and multi-billion dollar companies.Īmong them were LCI International and cloud-based information services and analytics company Neustar, both of which launched successful initial public offerings. He comes to the organization as the former head of corporate development at a Silicon Valley-area cloud communications company, with strong ties to the region as a native of central Ohio, an Ohio State University engineering graduate, and an Ohio Tech Angel Fund investor and portfolio company board member. Wald, who began his career as a software entrepreneur in college and systems analyst for the B-1 bomber program at Rockwell International, takes the reins of The Columbus Collaboratory which had been led by interim CEO Brad Ashbrook since it was formed in early 2014. "It became clear during the search that he was the right fit with the vision and relationships to build a successful company." "We are so incredibly fortunate to have Matt lead the Collaboratory," said Patty Morrison, search committee chairwoman. “In today’s world of increasingly sophisticated cyberattacks, it has been invaluable for OhioHealth to lean on the wisdom of our fellow businesses while also sharing our own expertise,” Krouse said.COLUMBUS, OH -(Marketwired - March 30, 2015) - The Columbus Collaboratory Board of Managers announced today the appointment of Matt Wald as the new CEO. The Collaboratory has earned its keep just in cybersecurity alone, said Michael Krouse, chief strategy and transformation officer for OhioHealth and current Columbus Collaboratory board chairman. The organizations that we bring into our system will have access to technologies and cases that will make them safer and more competitive." "We want many more major companies to benefit from what we have learned, especially in areas such as cybersecurity and analytics. "And we are aggressively expanding beyond that number," Wald said. The group declined to name the new companies but did say they are all located in central Ohio. In this new phase, which has already begun, the Collaboratory has added four companies to the seven that are sharing technology. "Our founders took a risk that they could do that. "The long-term vision was to build a sustainable company, not just a short-term project, but an asset for our region. "In the first phase, we proved we could build a technology company based on collaboration," Wald said. The additional commitment of approximately $14 million by the seven founders marks the beginning of a new commercialization phase for the Collaboratory, said Matt Wald, Columbus Collaboratory’s president and CEO. The company is the result of Columbus 2020's efforts to bring together seven entities - American Electric Power, Battelle, Cardinal Health, L Brands, Huntington National Bank, Nationwide and OhioHealth - to share research and find ways to be more competitive by improving efficiency, security and customer focus. Columbus Collaboratory has secured $14 million in renewed financial support from its founding member companies, helping it continuing its work in performing advanced analytics and improving cybersecurity.
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