Red Lambda is led by a highly experienced, globally-focused executive team that possesses a broad range of IT security, global expansion expertise, technology leadership and knowledge of public markets.
Bahram Yusefzadeh is a software and technology entrepreneur with more than 35 years of experience building innovative, market-leading companies. Prior to Red Lambda, he was the founder and CEO of Phoenix International, a global financial software company that led the industry’s shift towards client/server computing in retail banking. Under his leadership, Phoenix International became a global leader in retail banking automation, developed a strategic partnership with IBM, and completed a successful IPO and secondary offering. Phoenix International was acquired by London Bridge Group in 2001. Following the acquisition, Mr. Yusefzadeh combined his entrepreneurial passion and expertise with his long-standing commitment to the development of Florida’s high-tech community and founded the V2R Group, a technology incubator and investment company. As Chairman and CEO, Yusefzadeh leads V2R Group in its mission to identify and guide the commercialization of emerging technologies from across Florida and the Florida university system. Red Lambda was established through V2R in 2005. Yusefzadeh holds a number of outside board positions, including Chairman of the Board of Trustees for the International Center for Automated Information Research (ICAIR), a capital fund sponsored through a national grant with the University of Florida Law School that invests in early-stage companies. He also has served as an advisor to the Capital Appreciation Fund II, an Atlanta-based VC fund, focused on early-stage technology companies since 1988.
Chief Executive Officer
Iain Kerr, Red Lambda’s Chief Executive Officer, is a high performance strategic leader with a 30-year proven track record of success. His combination of hands-on executive management skills, C-level business development expertise in the US and abroad, knowledge of the nuances involved in the complex technology sale and direct experience in the IT security sector bring significant value to Red Lambda.
Prior to joining Red Lambda, Kerr served as President and CEO of Protegrity. During his tenure, Kerr increased revenue for three consecutive years running, with revenues increasing 71% in his final year in this leadership role. Additionally, he brought maintenance revenues up to a 96% renewal rate and formed key strategic partnerships with prominent resellers.
As Senior Vice President of Sales and Business Development for Sygate Technologies, Kerr increased revenue from $9 million to more than $18 million in just 20 months, representing a 100% increase in North American, EMEA and Asian sales. Additionally, he built and led the company’s channel partner initiative which grew to include more than 100 global resellers. As a result, Kerr was instrumental in positioning the company for a successful acquisition by Symantec.
Kerr also spent 15 years at Hyperion Software where he held various senior management positions including Vice President of Sales in North America and Group Vice President of EMEA. During his tenure at Hyperion, Kerr developed and led the company’s aggressive growth strategy, taking Hyperion from a $1.4 million start up, to an industry leader generating more than $700 million in revenue. Additionally, Kerr was instrumental in assisting with Hyperion’s public offering, helping put the company on a trajectory for its acquisition by Oracle a few years after Kerr left the organization.
Kerr holds a BA in Business and Finance from De Montford University in Leicester, England.
Chief Technology Officer
An award-winning scientist and software engineer, Dr. Dan Nieten brings a wealth of highly advanced technological expertise to Red Lambda as the company’s chief technology officer. Prior to joining Red Lambda, Dr. Nieten was Senior Scientist with Modus Operandi in Melbourne, Florida, where he led a team of researchers and software engineers on a variety of scalable data analysis initiatives for military and defense clients. He also served in a number of technology leadership roles for NASA, leading a team of software engineers on key programs including the Constellation Launch Control System for the ARES launch vehicle and the Checkout and Launch Control System for the Space Shuttle. Dr. Nieten has also worked as a software engineer with SAIC, Harris Corporation and IBM, as well as a number of entrepreneurial enterprises. Dr. Nieten received his undergraduate, Masters and Ph.D. degrees in Computer Science & Engineering from the University of Florida, and has been the recipient of numerous awards throughout his career for his scientific and engineering achievements.
Dr. Saad Barrak’s career started in 1978 as an electrical design engineer for Kuwait Pre-Fabricated Buildings Company. In 1993, Dr. Barrak began working for International Turnkey Systems (ITS), bringing its growth from a small operation of US $3 million revenue to an international company of US$ 100 million revenue by 2001. In June 2002 as Director General, Dr. Barrak took for Mobile Telecommunications Company (MTC Kuwait, later Zain Group) from revenues of US $400 million to US $8.2 billion by the end of 2009. Dr. Barrak continues to have tremendous success throughout EMEA, driving billions of dollars in revenue, entering into groundbreaking partnerships, and driving triple-digit growth rates for nearly every organization he has been involved. Dr. Barrak was chosen as the winner of the Arabian Business eBusinessman of the Year award in 2003 and received the award from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE’s Minister of Defense, in recognition of his outstanding achievement in harnessing technology for the benefit of the general public. Also in March 2005, Dr. Barrak was awarded CEO of the Year award in the ICT sector from Datamatrix.
Ahmad Y. Haleem has 24 years of experience in mobile telephony with 17 of those years focusing within the Middle East and Africa region in business development, operational and financial roles. Currently, Mr. Haleem is a partner and founding shareholder in ILA. In February 2009, Ahmad Haleem joined Zain Group as an Advisor to Dr. Saad Al Barrak, Vice-Chairman and CEO of the Zain Group. In February 2010, he took on the role of Chief Strategy Officer of Zain Group. He advised on strategic, financial and operational matters regarding its 23 cellular phone operations as well as any expansion opportunities. Prior to joining Zain, Ahmad Haleem was the Chief Executive Officer of Wataniya International LLC, a company responsible for leading the pursuit of global expansion. Mr. Haleem has served positions as Director of Finance and Operations in Fastlink-Jordan, and Chief Financial Officer of Mobinil-Egypt. Mr. Haleem earned a Bachelors Degree of Science in Accounting from the University of Illinois, Chicago and obtained his CPA qualification in 1989. After 14 years of service with Motorola, he was appointed as CFO of Wataniya Telecom in Kuwait in 2001. In March 2004, he was appointed CEO of Wataniya International. Mr. Haleem has served as a member of the board of directors for many organizations, including Orascom Telecom Tunisie, Asia-Cell Telecommunications Company, Wataniya Telecom Algerie, Public Telecommunications Company Ltd. and Wataniya Telecom Maldives. He served as Chairman of Warf Telecommunications, an undersea cable company in the Maldives and of Wataniya Palestine Mobile Telecommunications Company in Palestine.
Ian Schenkel has more than 20 years of experience in the technology industry with extensive senior business management experience. Ian has a successful record of creating and implementing growth strategy on a regional and global level. Prior to Red Lambda Ian co-founded EuroSmartz Ltd, a highly successfully mobile apps company that has sold over 4m apps globally. Ian also served as VP EMEA for Protegrity where he more than tripled sales and revenue growth of the EMEA organisation. As Managing Director of EMEA with AirMagnet, Ian successfully quadrupled both the size of the EMEA organisation as well as the revenue by implementing a highly successful marketing and distribution strategy. Previously Ian has also held various senior positions with Tenable Security, Sygate Inc. and Netegrity Inc., as well as an advisory board position with Azaleos Inc.
Bold, visionary solutions like MetaGrid always attract attention from savvy global leaders who recognize when a monumental shift is about to take place in an industry. That’s why Red Lambda has been able to forge strategic partnerships with marquis global companies including Accenture, as well as ILA Group and Midad Holdings, two technology-focused business powerhouses in Bahrain and Saudi Arabia, respectively. We have made a significant commitment to our global partnership program in order to ensure that Red Lambda has a strong presence in the regions where our clients reside, and that they are fully supported by industry-leading companies that understand the needs and nuances of the local business environment.
Red Lambda currently has two lead investors, Vision2Reality Group (V2R) and ILA Group. Based in the U.S., V2R is a venture capital company focused on bringing highly innovative technologies to market. Comprised of seasoned, successful business executives, V2R excels at facilitating the transfer, commercialization and management of early-stage companies with disruptive technologies like MetaGrid, accelerating their growth through while minimizing go-to-market costs, increasing company value, and mitigating shareholder risk. Headquartered in the Kingdom of Bahrain, ILA Group is a pioneering venture in the Middle East. By leveraging the financial power of renowned regional investors with the extensive knowledge and experience of ILA’s managing partners, the firm has been successful in identifying a number of exciting emerging opportunities in the telecommunication and IT industries.
Even in its early stages, Red Lambda’s MetaGrid technology was recognized as strikingly different than anything in the industry. Among its first accolades was the prestigious SINET 16 Innovator award for “real-time security analysis of massive data sets.” This award is given to only a small group of the industry’s most innovative and potentially disruptive cybersecurity solutions, and was shared with representatives from defense, homeland security, intelligence and civilian federal agencies as well as commercial, investment and research communities. Most recently, Red Lambda was named a Red Herring Top 100 Global Winner, as well as a Red Herring 2014 Top 100 North America Winner. Most recently, Red Lambda was named Most Innovative Company in the Software & Information Industry Association’s 2014 NextGen Awards.