Former Novatel and DivX CFO to help scale rapid market expansion and support long-term growth initiatives
SAN DIEGO – July 11, 2016 – Ingenu Inc.™, the pioneer in delivering connectivity exclusively to machines, today announced that Dan Halvorson has joined the company’s management team as executive vice president and chief financial officer. Halvorson will lead Ingenu’s financial operations and support the company’s market expansion and long-term growth initiatives.
Halvorson is a seasoned global financial executive who brings more than 25 years of experience developing and advising technology companies from early-stage financing through initial public offering (IPO). Prior to joining Ingenu, Halvorson held chief financial officer positions at several San Diego-based publicly held companies including Novatel Wireless, Inc. (NASDAQ:MIFI), DivX, Inc. and OneRoof Energy, as well as executive finance roles at Dura Pharmaceutical and Alliance Pharmaceutical. At Novatel, Halvorson directed various capital transactions including overseeing the company’s IPO process and managing the company’s substantial revenue growth. Halvorson also served as executive vice president of operations and chief financial officer for DivX, Inc. where he was instrumental in negotiating several strategic transactions that contributed to the company’s technology innovation, corporate growth and subsequent acquisition.
“Ingenu is realizing incredible success, and we are extremely fortunate to have an individual as experienced as Dan to help manage our financial progress,” said John Horn, chief executive officer, Ingenu. “His proven leadership will undoubtedly contribute to our corporate initiatives going forward.”
In addition to his expertise in strategic business planning, Halvorson has experience in all financial and internal control activities, including financial planning and reporting, Sarbanes-Oxley (SOX), public accounting, internal audit, corporate governance, tax, treasury, risk management and investor relations including an impressive track record interacting with Wall Street investors and analysts.
“It is a tremendous opportunity to join Ingenu at such an exciting time,” said Halvorson. “I am eager to work with John and Ingenu’s executive team to help scale this highly innovative and fast growing business for long-term operational and financial success.”
About Ingenu Inc.
Ingenu™ is building the first wireless Machine Network™, the world’s largest IoT network dedicated to LPWA (low-power, wide-area) connectivity for machines only. Operating on universal spectrum, the company’s RPMA® technology is a proven standard for connecting Internet of Things (IoT) and machine-to-machine (M2M) devices around the world, with 38 private networks deployed over seven years. The Machine Network will have further reach, global range and longer lasting battery life than any existing network. It is also future-proof; enabling technology solution providers to maximize their product’s efficiency and longevity, with unparalleled control and visibility. Ingenu is led by a highly experienced team and backed by one of the strongest boards in the industry, including veterans from Verizon and Qualcomm. Information about Ingenu can be found at www.ingenu.com, or follow us on Twitter @ingenunetworks.