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Michael Cusumano, MIT's Sloan Distinguished Professor of Management, Joins Quantum Leap Innovations Board of Directors
Date:11/29/2011

NEWARK, Del., Nov. 29, 2011 /PRNewswire-iReach/ --  Quantum Leap Innovations announced today the appointment of Michael A. Cusumano to their Board of Directors.  Michael Cusumano is the Sloan Management Review Distinguished Professor of Management at the Massachusetts Institute of Technology's Sloan School of Management, with a joint appointment in the MIT Engineering Systems Division. His seminal 2010 book, STAYING POWER, covers six enduring principles for managing strategy and innovation in an uncertain world.

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"We are honored to have someone of Dr. Cusamano's stature agree to join our board," said Quantum Leap founder and CEO Joseph Budner Elad. "His support validates our vision of Pattern Based Analytics and the importance of our technology in today's uncertain world."

"It is with great pleasure and excitement that I join the Quantum Leap board," says Dr. Cusumano. "I have known the principals in the company for many years and have closely followed the evolution of their work in data analysis.  The pattern-based analytics approach took years to develop. It significantly improves our ability to visualize and make sense of complex data sets and then apply these insights to a wide variety of business and other applications."

About Michael Cusumano:

Michael Cusumano specializes in strategy, product development, and entrepreneurship in the computer software industry, as well as automobiles and consumer electronics. He teaches courses on The Software Business and Digital Platforms as well as Strategic Management and Managing Technological Innovation and Entrepreneurship.

Professor Cusumano earned his B.A. degree from Princeton and his Ph.D. from Harvard.  He completed a postdoctoral fellowship in Production and Operations Management at the Harvard Business School. He is fluent in Japanese and has lived and worked in Japan for seven years. He received two Fulbright Fellowships and a Japan Foundation Fellowship for studying at Tokyo University. He has been a visiting professor at Hitotsubashi University and Tokyo University in Japan, Imperial College in London, the University of St. Gallen in Switzerland, the University of Maryland, and Ludwig Maximilians University in Munich.

Dr. Cusumano has consulted for some 90 companies around the world, including Alcatel, Amadeus, AOL, AT&T, BMC Software, Business Objects, Cisco, Ericsson, Fiat, Ford, Fujitsu, General Electric, Fidelity, Verizon, Hitachi, Huawei, i2 Technologies, IBM, Intel, Lucent, Motorola, NASA, NEC, Nokia, Nortel, NTT Data, Philips, Robert Bosch, Schlumberger, Siemens, Texas Instruments, and Toshiba.  He has been a director of several public and private companies, including Patni Computer Systems (www.patni.com, an IT services firm sold to iGate-Apax in 2011 for $1.2 billion) as well as Eliza Corporation (www.elizacorp.com, a communications and voice-recognition solutions firm sold to Summit Partners in 2011).  He is a currently a director of Fusion Storm Global (www.fusionstormglobal.com, an IT solutions provider).  He is also on the advisory board of Fixstars Corp. (www.fixstars.com, a developer of high-performance computing applications), and several other companies and organizations.  He has also served as editor-in-chief and chairman of the MIT Sloan Management Review and writes a column on Technology Strategy and Management for Communications of the ACM. He was named one of the most influential people in technology and IT by Silicon.com in 2009.

Professor Cusumano has published 9 books. His newest book, Staying Power: Six Enduring Principles for Managing Strategy and Innovation in an Uncertain World (2010), is based on the 2009 Clarendon Lectures in Management Studies at Oxford University and is translated into Japanese, Chinese, and Italian. The Business of Software (2004) was named one of the best business books of the year by Steve Lohr of The New York Times and is translated into Japanese and Chinese. Microsoft Secrets (1995, with Richard Selby) is a best-selling study of Microsoft's strategy, organization, and approach to software development, and has sold some 150,000 copies in 14 languages. Platform Leadership: How Intel, Microsoft, and Cisco Drive Industry Innovation (2002, with Annabelle Gawer) examines how industry leaders orchestrate complementary innovations that make their platforms more valuable. Competing on Internet Time: Lessons from Netscape and its Battle with Microsoft (1998, with David Yoffie), was named one of the top 10 business books of 1998 by Business Week and Amazon.com, and played a central role in the Microsoft anti-trust trial. Thinking Beyond Lean: How Multi-Project Management is Transforming Product Development at Toyota and Other Companies (1998, with Kentaro Nobeoka) analyzes product development and platform strategies in the auto industry. He is also co-editor of Strategic Thinking for the Next Economy (2001, with Costas Markides) and author of Japan's Software Factories: A Challenge to U.S. Management (1991) and The Japanese Automobile Industry: Technology and Management at Nissan and Toyota (1985).

About Quantum Leap Innovations:

Quantum Leap Innovations, Inc. is the creator of the Quantum Leap® Pattern Based Analytics family of products which includes Pattern Based Discovery, Pattern Based Prediction, and Pattern Based Reasoning. Pattern Based Analytics is a powerful new approach to data analysis. It provides unique insights into the full complexity of real world data and it does this without either requiring deep mathematical skills or by requiring heroic simplifying assumptions about the important variables at work. The Quantum Leap Pattern Based Analytics suite of products enables transparent, flexible discovery, visualization and analysis of informative patterns in large, complex data environments. These characteristics empower the non-statistical subject matter expert to rapidly obtain insight into their data for discovery, forecasting and decision making.

Quantum Leap is headquartered in the Delaware Technology Park which is affiliated with the University of Delaware and is located in Newark, Delaware. For more information or to set up an interview with one of the company's officers, please contact Jennifer Samero at 302-894-8010 or jms@quantumleapinnovations.com.

Media Contact: Jennifer Samero, Quantum Leap Innovations, 302-894-8010, jms@quantumleapinnovations.com

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