InforSense founder Professor Yike Guo is to move from CEO to the position of chief technology officer and head of innovation, with David Bennett being promoted to chief executive with immediate effect. The change, which is being carried out on Guo's own recommendation, will allow him to spearhead the future direction and application of the company's core technology offerings. He will remain on the board of directors.
Bennett, who joined InforSense in January 2008 as executive vice president worldwide sales, brings more than 20 years of software industry experience to the company having served in senior management positions at Definiens, SeeBeyond, and Documentum.
John O'Connell, who re-joined the board as Chairman in July of last year to lead the re-financing and CEO appointment, has agreed to continue as executive chairman as part of the new management structure.
InforSense also announced today that it has secured $5m in funding commitment from its existing investors, reinforcing their support for the company. InforSense will use the proceeds to invest in its leading technology and infrastructure, and continue to expand its offerings in the markets it currently serves.