IRVINE, Calif., Nov. 21, 2016 /PRNewswire/ -- NarrativeWave, the creator of the first situational intelligence platform for the Industrial Internet, is pleased to announce that Michael Allman, William (Billy) Banks, Jr., and Louis Lauch have joined the company's Board of Directors.
Michael Allman is a veteran CEO and Board Member, with extensive experience in growing, restructuring, and optimizing businesses large and small, from Fortune 300 corporations to start-up technology companies.
"Mike brings a wealth of operational expertise, strategic acumen, and industry knowledge to NarrativeWave. As a top executive, Mike has successfully steered multiple companies within our target markets and his leadership significantly impacted each organization and their growth," said Benjamin Decio, CEO of NarrativeWave. "We are looking forward to Mike's continued operational guidance and strategic insights to aid the further success of NarrativeWave."
"I am thrilled to join the Board of NarrativeWave as it scales its innovative platform for the Industrial Internet of Things (IIoT)," Mr. Allman said. "I look forward to working with NarrativeWave's talented team of executives and advisors as the company deploys new technologies to drive tremendous efficiency improvements for industrial companies."
Mr. Allman is the CEO of H2scan Corporation, and recently served as President of Bit Stew Systems, a leading software provider for the IIoT. General Electric announced last week that it has acquired Bit Stew Systems, which will be integrated into the GE Digital organization.
Previously, Mr. Allman was Chairman, President and CEO of Southern California Gas Company, the largest natural gas distribution company in the United States. Mr. Allman led the company in achieving record profits and a #1 ranking in customer service among large natural gas distribution companies.
William (Billy) Banks, Jr. is an accomplished entrepreneur and executive, with significant experience with founding companies, managing organizations, leading start-ups, and participating in nearly a dozen M&A deals.
"Billy's leadership in operations and entrepreneurial execution is exceptional," said Benjamin Decio, CEO of NarrativeWave. "We look forward to working with Billy as we continue to build, scale, and advance the trajectory of NarrativeWave."
"I am excited to join the Board of NarrativeWave as it continues to solve the big data problem for manufacturers and their end clients," Mr. Banks said. "I look forward to working with the team to build a scalable infrastructure that positions the company for growth and expansion into new markets."
Currently, Mr. Banks serves as the President of Windsor Steel, Inc., a steel stamping operation, and is the Associate Director of The Garage at Northwestern University, the student entrepreneurship and innovation hub that's currently home to approximately 60 student-founded startups. Mr. Banks sits on the Board of Directors of Hubbell Realty Company and is on the Advisory Boards of Design for America, Luna Lights, and Overgrad.
Previously, Mr. Banks founded and scaled M-Tec Corporation and Reach360, which both sold in 2011 and 2012, respectively. As COO of Banks Lumber, a family business focused on forest products and steel fabrication, Mr. Banks assisted the continued growth and then sale of the company in 2006 to Universal Forest Products.
Louis Lauch is an accomplished business executive, investor, and has owned many companies in various industries, over the course of his successful business career.
"Lou's vast experience in building and scaling companies, coupled with his deep operational and finance expertise, will be of significant value to NarrativeWave," said Benjamin Decio, CEO of NarrativeWave. "We welcome his operational guidance that will benefit the company's continued execution."
"I am honored to join the Board of NarrativeWave, which is on the forefront of the Industrial Internet of Things," Mr. Lauch said. "I look forward to using my background in manufacturing to provide practical direction for the company's initiative to increase industrial efficiency."
Mr. Lauch is the owner and President of KBM Inc., a national company that provides housekeeping services for large complex government medical facilities. Mr. Lauch is also the co-owner of Auto Temp, Inc., a large manufacturer of tempered glass products, and also serves as the Director at CBank, a full service commercial bank headquartered in Cincinnati, OH.
NarrativeWave is the first situational intelligence platform for the Industrial Internet. The platform ingests large volumes of data, communicates what is relevant, and provides immediate actionable business insights on critical industrial equipment. By having real-time visibility on large industrial equipment, manufacturers and their customers benefit from increased profitability on service contracts, improved SLAs, and proven customer retention. NarrativeWave is a venture-backed private company that has offices in Irvine, California and Scottsdale, Arizona.