Information Analysis

WaveDancer, Inc. provides information technology services. The firm engages in the business of modernizing client information systems, developing and maintaining information technology systems, and performing consulting services to government and commercial organizations. It specializes in legacy systems modernization, ebusiness solutions, enterprise portals, system migration and re-hosting services, and enterprise application integration. The company was founded by Sandor Rosenberg in 1979 and is headquartered in Fairfax, VA.

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WaveDancer, Inc. is an information technology consulting and systems engineering company, which engages in helping government and commercial organizations move into the information age. It focuses on technological transformations of organizations. The company was founded by Sandor Rosenberg and G. James Benoit, Jr. in 1979 and is headquartered in Fairfax, VA.

FAIRFAX, Va., Dec. 15, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (NASDAQ: IAIC), announced that the company has converted to a Delaware corporation under the name WaveDancer, Inc. and will begin operating under that name. The company will trade under the NASDAQ ticker symbol “WAVD.”   This rebranding strategy reflects an updated vision for the Company's future which will center on blockchain-enabled mission-critical Software as a Service (“SaaS”) solutions. Along with this change, a newly redesigned company logo has been revealed and a new website www.wavedancer.com.

Information Analysis Becomes WaveDancer

FAIRFAX, Va., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (“IAI” or “the Company”) (NASDAQ:IAIC) today announced it has closed the previously announced acquisition of Gray Matters, Inc (“Gray Matters”).

Information Analysis Closes Acquisition of Gray Matters, Inc.

Proceeds to Fund Acquisition of Gray Matters and Aggressive Growth of Blockchain-Based Secure Supply Chain Technology Proceeds to Fund Acquisition of Gray Matters and Aggressive Growth of Blockchain-Based Secure Supply Chain Technology

Information Analysis Announces $10,000,000 Equity Financing

FAIRFAX, Va., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (NASDAQ: IAIC), a leading information technology services and modernization company, announced today that it is restructuring and reorganizing its legacy services business and new Board appointments to be better aligned with its vision for future growth.

Information Analysis Announces Reorganization of Government Services Business & Election of Two New Directors

Appoints Industry Veterans Randy Boone Chief Growth Officer, and Heather Tortorelli Chief Revenue Officer Appoints Industry Veterans Randy Boone Chief Growth Officer, and Heather Tortorelli Chief Revenue Officer

Information Analysis Continues Building for Transformation

Trading Expected to Commence on November 26, 2021 Trading Expected to Commence on November 26, 2021

Information Analysis Approved for Uplisting of Common Stock to NASDAQ

FAIRFAX, Va., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (“IAI” or “the Company”) (OTCQB:IAIC) entered into a definitive agreement, subject to customary closing conditions, to acquire Gray Matters, Inc (“Gray Matters”) in a combined cash and stock transaction valued at $10.5 million consisting of $7.5 million cash at close; deferred consideration of $1.5 million; and $1.5 million in IAI stock. The terms also include up to $4.0 million in additional consideration for achieving certain performance metrics in 2022.  The parties anticipate closing no later than December 2021.

Information Analysis Begins Corporate Transformation - Enters Into Definitive Agreement to Acquire Gray Matters, a Zero Trust, Blockchain-Enabled Technology Platform

Gross Profit Improves 59.3% Versus the Prior Year Period Gross Profit Improves 59.3% Versus the Prior Year Period

Information Analysis Releases Third Quarter 2021 Results Highlighted by Continued Growth in Higher Margin Professional Fee Business

FAIRFAX, Va., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI”) today announced the appointment of Tim Hannon as its Interim Chief Financial Officer effective September 29, 2021. Matt Sands will become Senior Vice President of Finance and Corporate Controller.

Information Analysis Appoints Tim Hannon Interim Chief Financial Officer

FAIRFAX, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI”) today announced that the modernization of the Fiscal Transfer Agent (“FTA”) of the U.S. Small Business Administration (“SBA”) 7(a) Loan Program and Secondary Market project on which IAI has been a critical team member for over a year has begun operating. The newly modernized system will allow the FTA program through its partners to better perform loan servicing, technology modernization, and financial services for SBA's loan programs, which have grown to over 7,500 lenders and nearly one trillion in assets. The 7(a) loan program grew substantially during this modernization process as the Paycheck Protection Program and its constantly-evolving guidance is administered under the 7(a) program.

Information Analysis Plays Critical Role in Modernization and Enhancement of SBA's Largest Loan Program

FAIRFAX, Va., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI”) today announced that it has sold 1,400,000 Units at a price of $2.00 per unit in a private placement financing.

Information Analysis Announces $2,800,000 Equity Financing

FAIRFAX, Va., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI”) today announced the appointment of Jamie Benoit as its Chairman of the Board and Chief Executive Officer effective August 26, 2021. Mr. Benoit brings to IAI an impressive track record delivering impressive shareholder returns. Under his leadership and through acquisitive and organic growth, Benoit will aggressively strive to reposition the company as a disruptive technology and commercial enablement leader in government and global private sector verticals. Benoit comes to IAI as a CEO with deep experience in private equity and corporate finance as well as distinguished service in the military, civilian government, and elected office. Mr. Benoit will work alongside former CEO Stan Reese, who will remain President and continue to manage operations at IAI.

Information Analysis Appoints Technology Industry Leader Jamie Benoit Chairman and Chief Executive Officer

Completed Key Acquisition of Tellenger, Inc. Completed Key Acquisition of Tellenger, Inc.

Information Analysis Releases Second Quarter 2021 Results Highlighted by Increase in Higher Margin Professional Fee Business

FAIRFAX, Va., June 03, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI”) today published an investor presentation which can be accessed on the company website at IAIC June 2021 Investor Presentation .

Information Analysis Inc Publishes Investor Presentation

Revenues Improve 65.9%; Diluted EPS of $0.02

Information Analysis Inc Releases First Quarter 2021 Results

FAIRFAX, Va., May 10, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI” or “the Company”) today announced the addition of Donald J. Tringali to the Company's Board of Directors, effective May 6, 2021.

Information Analysis Inc. Announces New Board Member

FAIRFAX, Va., May 05, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) (“IAI” or “the Company”) today announced the availability of a letter to its shareholders from Stan Reese, the Company's President and CEO. The letter is posted in the investor relations section of the Company's website and the complete letter also follows:

Information Analysis Inc Announces Availability of Annual Letter to Shareholders

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FAIRFAX, Va., April 07, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC), an information technology modernization and services company, announced today it has acquired Tellenger, Inc., a provider of cybersecurity, cloud, and data analytics services, to support companies in protecting their cyber systems and infrastructure.

Information Analysis Incorporated Announces Acquisition of Tellenger, Inc.

FAIRFAX, Va., March 17, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC), a leading information technology services and modernization company, announced today the appointment of Jack Johnson to the company's board of directors, effective March 15, 2021.

Information Analysis Inc Announces Two New Board Members

FAIRFAX, Va., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today announced that Stan Reese has been appointed as permanent President and Chief Executive Officer. He had been the Interim Chief Executive Officer since the start of 2021.

IAI Announces Stan Reese as President and CEO

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Company continues profitable growth Company continues profitable growth

Information Analysis Inc Releases 2020 Results

FAIRFAX, Va., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today announced that the Board of Directors unanimously elected Mark T. Krial as chairman of its board of directors. Krial succeeds Sandor (“Sandy”) Rosenberg, IAI's founder, who stepped down as chairman as of December 31, 2020, after holding the position since the company's inception in 1979. Rosenberg will remain on the board.

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