Press Release
Release Date:
June 2, 2003
Cyveillance Appoints Balsamo as CFO
Arlington, Va., June 2, 2003—Cyveillance®, a private company and leading provider of 100% Relevant eBusiness Intelligence™, today announced that it has named Philip J. Balsamo as CFO. Balsamo served most recently as CFO of Vastera, Inc. where he guided that company through rapid expansion and a successful IPO in September of 2000.
In making the announcement, chairman and chief executive officer Panos Anastassiadis stated that "with our continued growth, it is important that we expand our depth of experience that can ensure best practices and add new capabilities supporting our strategic goals for expansion."
In addition to Vastera, Balsamo has also served in key senior financial positions with INTERSOLV, Inc., an application enablement software provider; Government Marketing Services, Inc., a computer reseller; MBI Business Centers and the Buchanan & Company. He is a certified public accountant and holds BS in Accounting from Penn State University.
Mr. Balsamo was also a finalist in the NVTC CFO of the Year in 2002.
Cyveillance, the leading provider of 100% Relevant eBusiness Intelligence™, provides Global 2000 organizations with high-impact, actionable intelligence drawn from—and delivered securely over—the Internet. Cyveillance configures its proprietary technology with client-specific parameters to locate and categorize unstructured content, transforming the Internet into a critical resource for increasing revenue, improving operational efficiencies and mitigating mission-critical risk. The company lists 20 of the Fortune 50 as customers. For more information, please call 888.243.0097 or visit www.cyveillance.com.