ANN ARBOR, Mich., January 21, 2014 – NovoDynamics, a leading developer of pattern recognition and analytics technologies, today announced that Thad J. Dungan has joined its Board of Directors. Mr. Dungan, Vice President in the SAP Products and Innovation Group, brings NovoDynamics over 25 years of leadership experience in developing enterprise software solutions for the Automotive and Manufacturing industries.
“With years of experience in new product introductions and innovation, Thad has a strong track record of applying a market-centric approach to create innovative solutions for customers wanting to gain insights and value from their data,” said NovoDynamics President and CEO David Rock. “We are eager to bring his expertise to bear in enhancing our product offerings.”
According to Dungan, “The focus that companies continue to place on big data and advanced analytics makes this a very exciting time to work with David and the NovoDynamics team. I am very impressed with NovoDynamics’ ability to deliver transformational solutions that yield powerful insights for their customers.”
At SAP, Mr. Dungan has successfully worked in various leadership and general management roles including Product Management, directing the Operational Performance Management Portfolio in the fast growing area of Analytics for Supply Chain and Procurement. As Global Automotive Marketing Director, he contributed to a go-to-market strategy that helped SAP become one of the preeminent solutions in the Automotive industry. Prior to joining SAP, Mr. Dungan was Vice President of Solution Consulting focused on Automotive, Industrial, Electronics and High Technology products at Manugistics (now RedPrairie), where his team helped generate revenue in excess of $65 million. At General Motors, Mr. Dungan held various positions in Business Planning, Procurement/Trade, Strategic Sourcing, Program Management/Readiness and Vehicle Logistics, directing the management of over $600 million of GM finished vehicle inventory. Mr. Dungan earned a B.A. from Brigham Young University and an MBA from the Thunderbird School of Global Management.
In addition to his extensive technical background in enterprise software development and analytics, Thad’s knowledge of the Automotive segment and other industries we serve will help us further expand our business,” commented David Rock.
NovoDynamics, Inc., an In-Q-Tel portfolio company incorporated in 2001, develops intelligent information capture software and provides advanced analytics solutions that transform data into actionable insights needed to make better decisions. Leveraging its pre-eminent image enhancement, pattern recognition and data mining technologies, NovoDynamics® products recognize, extract and index data — even from degraded sources. NovoDynamics solutions analyze large, disparate data sets to address highly complex challenges. With its track record of success in streamlining information on-ramps and adding business intelligence to back-end repositories, NovoDynamics helps organizations leverage their investments in business processes and enterprise IT systems. NovoDynamics products and solutions are used worldwide by commercial industries, governments and academia. Learn more at www.NovoDynamics.com.