EMAIL DETAILS

Sorry to hear that, but I guess not unexpected. As all of us on this email knew - they had a great product and a small window to exploit it. Unfortunate that Thad just never got that.

Talk to you soon, Michael.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.

On Oct 15, 2014, at 9:28 AM, michael andrews <mpandrews01@gmail.com> wrote:

> Hey -
>
> You may already be aware of this but in desire to keep everyone informed I thought I would pass this on to you.
>
> Sometime in late August IPS imploded with Ronnie continuing the firm with 3 part time employees to see if he can regenerate interest and get a customer. Apparently the two major clients both evaporated in August as renewal was not confirmed.
>
> Thad resigned as CEO and left the firm though he is still on the board. I believe he has joined efforts with a retired Admiral Mike Hewitt. HSH Analytics. The website is sparse on details but the have aligned their fortunes with Radiant Blue which has a good reputation. I do not know if they have any existing clients.
>
> Apparently, Thad and the cost of IPS work finally became too much. I suspect other firms caught up to them with larger data bases and perhaps less costly analysis.
>
> I will forward under separate cover a couple of things I am working on that you might have interest.
>
> Hope all of you are well,
>
> Michael
>
> Michael Andrews
>
> 202-230-0681