Veteran Entrepreneur Matthew Smith to serve as President & CEO
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 6, 2012--
Pitney Bowes Inc. (NYSE: PBI) today announced the launch of SecLingua
Inc., a security technology company that will develop embedded security
solutions for healthcare applications. SecLingua Inc. has worldwide
rights to apply the Pitney Bowes Secure Evidencing Platform (SEP) in the
wide variety of healthcare settings where data privacy, integrity, and
secure payments are required. The SEP platform incorporates the same
proprietary security technology that is used in all Pitney Bowes postage
meters. This technology provides for extreme protection against
physical, electronic, and software-based attacks and is trusted today to
protect billions of dollars in postage transactions worldwide.
SecLingua will identify applications in multiple sectors of the
healthcare market including instrumentation and equipment,
pharmaceuticals, electronic medical records, healthcare provider
services, and related government services and systems. The SEP
technology provides highly secure, tamper-responding physical security
along with a robust, extensively-tested and scalable management
infrastructure. This unique combination will bring a new level of
security and integrity to medical applications and enable new
capabilities and revenue models. In addition to providing access to the
SEP technology, SecLingua Inc. will provide system design and
integration support to enable designers to take full advantage of a new
level of security capabilities.
In announcing the formation of SecLingua and the affiliation with Pitney
Bowes, Brian Romansky, director, new business opportunities for Pitney
Bowes, stated “Our investment in healthcare information security
technology marks a new format for Pitney Bowes in bringing a
market-leading technology to a new field.”
Matthew Smith, of Stamford, Conn., will serve as President and CEO of
SecLingua. Smith has a multifaceted range of healthcare experiences,
notably in incubator and business startup environments. Smith served as
an advisor to a Connecticut-based private equity/venture firm as well as
the boards of several healthcare companies. Prior to his current
activities, Smith was Managing Director, Investments, at Connecticut
Innovations, Inc., in Rocky Hill.
Smith’s healthcare experiences also include co-authoring the first
federally funded HMO feasibility study, and participating in healthcare
ventures with GTE New Ventures Corporation. He held increasingly
responsible management positions with major medical firms, such as
Technicon Corporation, American Hospital Supply Corporation and National
Patent Development Corporation, where he served as president of its
Acme-Chaston subsidiary.
Smith’s credentials as an entrepreneur include: co-founder of CompreMedx
Cancer Centers Corporation, co-owner of Kramex Corporation, and co-owner
of privately-held New World Healthcare Solutions, Inc. an executive
recruiting and online medical education company for the healthcare
industry. He also assisted in the turnaround and sale of Medical
Sterilization, Inc. In addition, he co-founded Health Excel Management,
Inc., and turned around and sold venture-backed HelpMate Robotics, Inc.
Smith has served on the Board of Directors of selected non-profit
organizations such as the Connecticut Venture Group (CVG), the Hamden
(CT) Chamber of Commerce and the Long Ridge Club, Inc. Smith has been on
the faculty of the Albert Einstein College of Medicine of Yeshiva
University and Quinnipiac University School of Business and served as
the first Executive Director of the Q.U. Entrepreneurship and Small
Business Management Institute. Smith was an Adjunct Professor of
Marketing and Management at LIM College in New York City, and he holds a
BA in Psychology (1970) and an MBA with academic honors (1972) from
Boston University.
About Pitney Bowes
Pitney Bowes provides technology solutions for small,
mid-size and large firms that help them connect with customers to build
loyalty and grow revenue. The company’s solutions for financial
services, healthcare,
legal,
nonprofit,
public
sector and retail organizations are delivered on open platforms to
best organize, analyze and apply both public and proprietary data to
two-way customer communications. Pitney Bowes is the only firm that
includes direct mail, transactional mail, call centers and in-store
technologies in its solution mix along with digital channels such as the
Web, email, live chat and mobile applications. Pitney Bowes is a $5.3
billion company with 29,000 employees worldwide. Pitney Bowes: Every
connection is a new opportunity™. www.pb.com
About SecLingua, Inc.
SecLingua, Inc. is a privately held corporation based in Shelton,
CT that will provide healthcare security information technology under a
licensing agreement with Pitney Bowes for its’ Secured Evidence Platform
(SEP). Industry sectors that will utilize this state-of-the-art,
embedded security technology range from pharmaceutical and
instrumentation/equipment manufacturers to service provider organizations
such as physician offices, ambulatory care and inpatient facilities
and healthcare insurers and third-party payers. The Company is
characterized as a developmental stage enterprise with a sole, worldwide
license to a unique and differentiated technology. www.SecLingua.com
Source: Pitney Bowes Inc.
Pitney Bowes
Matthew Broder
VP, External Communications
203-351-6347
(o)
203-554-7703 (c)
matthew.broder@pb.com
or
SecLingua,
Inc.
Matthew B. Smith
President and CEO
203-922-4560 (o)
914-325-2134
(c)
matthew.smith@seclingua.com
