Iverify's CEO Mike May Assumes New Role

  • May 13, 2011

Mike May, Iverify president and chief executive officer, announced he will be assuming a new role with the security services company after more than seven years at the helm. May will be succeeded by Mark Spagnolo, the company's interim chief financial officer. Together, the two executives will work closely with the management team to ensure a smooth transition as the company prepares for its next phase of growth and a new level of scalability.

"Mike, Mark and the company have accomplished exceptional results and I am genuinely excited for the vast opportunities in front of them," said Iverify's equity partner Eli Boufis, managing director of Driehaus Private Equity.

May will stay with Iverify as a strategic advisor focused on client relations and major sales opportunities, and applying his security expertise towards product development as the company researches new technology. May, the company's founder, will maintain his equity interest in Iverify and serve on the company's board of directors.

"I've been privileged over these years to have led a company I believe in, and to have worked with people I admire," May said. "Iverify is a company that takes its core values to heart, and I've had the honor of working with some of the most knowledgeable, dedicated professionals in the world, and I'm excited about the opportunity to get back into the marrow of the business—working with clients and expanding our technology."

Spagnolo was appointed as the company's new CEO based on his track record with enhancing sales and customer service for a broad range of client-facing organizations.

"We are fortunate to have a successor of the caliber of Mark Spagnolo, who has spent his career in the technology and communications industries, holding executive management positions for Fortune 500 companies, and has proved himself a levelheaded, trustworthy leader," May said. "As a true catalyst for change, the role of chief executive officer of Iverify suits him perfectly."

Mark Spagnolo is the past president of a strategic business unit of Electronic Data Systems; former CEO and president of UUNET; previous CEO chairman of Site Smith; and past president and CEO of Metromedia Fiber Networks. In 2002, he founded The Spagnolo Group L.P., a management consulting firm, and served as 'Iverify' interim CFO since 2010.

"I'm honored to be leading Iverify and accept the job of expanding on Iverify's strengths and reputation as we prepare for accelerated growth," said Spagnolo. "I thank and congratulate Mike on all he's accomplished and look forward to collaborating with him in the future as Iverify strengthens its focus on keeping customers safe and improving offerings within the industries we protect."

Featured

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

Most   Popular

New Products

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.