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Tuesday, 20 November 2012 - Ex-Delta Force officer mixes special ops and data |
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      Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. 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See the best of Reuters photography.  See more  Best of the AMAs Highlights from the American Music Awards.  Slideshow  Gaza conflict Scenes from Gaza and Israel.  Slideshow  Sponsored Links Ex-Delta Force officer mixes special ops and data Tweet Share this Email Print Related Topics U.S. » Science » Tech » Small Business » Investing Simplified » By Nicola Leske Mon Nov 19, 2012 5:17pm EST (Reuters) - What do a former U.S. Army special operations officer, a computer scientist and an experimental psychologist have in common? Data. James Reese first came across data analytics company Saffron Technology when he was an officer with the U.S. army's Delta Force. "I was first turned on to Saffron Technology while we were doing special operations in the Middle East," Reese said in an interview. "It does predictive analysis a lot faster than you and in military terms allows us to think faster than the bad guys." Saffron Technology is a small data analytics company that uses technology that mimics the way the human brain connects between people, places and things, except at a much faster speed. The company was founded by two former IBM Corp employees: Jim Fleming, a computer scientist, and Manuel Aparicio, who has a PhD in experimental psychology with a focus on biologically based neuro-computing. Its technology was originally used in Iraq to predict where bombs would be located, but now it offers its products to corporations such as Boeing Co, which uses the technology to forecast when aircraft parts need to be replaced. When Reese retired in 2007 to start security company TigerSwan he stayed in touch with Saffron Technology CEO Aparicio and eventually decided to partner with the company. Reese, who joined the army after his football scholarship came to an end more than 20 years ago, now combines his expertise of special operations with data analytics for companies looking at mergers and acquisitions in emerging countries. "I call it true diligence," Reese said, explaining that his staff will vet executives and companies looking for anything from cartel connections to fraudulent entities beyond what accountants can do by using "human and artificial intelligence." The ability to forecast and identify patterns or behavior by analyzing structured data inside databases and unstructured data from social networks, mobile devices, meters or sensors is a rapidly growing market. According to research firm IDC the business analytics software market will grow almost 10 percent a year to $50.7 billion by 2016. TigerSwan, which Reese started in his living room, is now active in 23 countries with a staff of 250 and revenue of $35 million. "I'd like to see us at $100 million in three to five years and become an employee-owned company," Reese said. TigerSwan and Saffron compete with much larger companies such as the privately held SAS Institute and IBM. Asked if privacy issues ever come up, Reese said the company works with lawyers to ensure its methods comply with privacy laws. Thanks to his past with Delta Force Reese says he can fall back on a network of trusted people to work with no matter where companies are looking to go. "Someone can call me in the middle of the night and say we want go to Nigeria, Ghana and I can say got it, we got folks there," Reese said. "You have to do it with a local presence; you can't do it by bringing in a bunch of Americans." (Reporting By Nicola Leske. Editing by Andre Grenon) U.S. Science Tech Small Business Investing Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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