Timothy A. Hannibal
President, Chief Operating Officer, Chief Executive Officer and Director
Mr. Hannibal is a seasoned technology executive and entrepreneur, with nearly 30 years’ experience in SaaS and cloud technology, driving revenue, go-to-market strategies, business development and mergers and acquisitions. Mr. Hannibal joined the Company in January 2019 and has since served as its Chief Revenue Officer and Interim CFO. Prior to joining the Company, Mr. Hannibal was an executive at Primrose Solutions (the predecessor to SCWorx) which he joined in September of 2016. At Primrose, Mr. Hannibal was responsible for overseeing marketing, sales and operations, including executing the Company’s business plan. Mr. Hannibal has a successful track record of growth and management at both startup and national companies.
Prior to joining Primrose, Mr. Hannibal was the President and CEO of VaultLogix for thirteen years, a company he founded. VaultLogix was a private equity sponsored leading SaaS company in the cloud backup industry before being acquired by J2 Global, a publicly traded technology company ($3.2b market cap) focused on cloud services and digital media.
Steven Wallitt has worked as owner and director of a packaging materials company since 1981. He is responsible for decision making in all areas of the company, including sourcing the best and most efficient methods for achieving maximum profitability and the highest quality standards. He has extensive knowledge in evaluating sales and marketing proposals. Beginning in 2008, he has been an investor in both private and public companies, as well as early-stage public companies with personal investments of $50,000 to more than $3 million. He has consulted for many of these companies in areas ranging from public market strategies, growth strategies, evaluating contract proposals, cost control and evaluating employee responsibilities in order to achieve maximum efficiencies. Since 2014, Mr. Wallitt has been an advisory board member to Redtower Capital, a California-based investment firm where he advises on all aspects of client identification, sales and marketing strategies and profit maximization. Since 2017, he has been a significant investor in Alliance MMA and SCWorx. Mr. Wallitt holds a BA degree in communications from Rider College, Lawrenceville, N.J.
Mr. Irby is a co-founder of London Bay Capital and is a seasoned executive with a highly successful track record in the financial services and investment banking industries. Mr. Irby sold his Southeastern-based Insurance Brokerage, A.F. Irby & Co. to Fred S James/Transamerica. In 1981 Irby acquired Wigham Poland, a Lloyds Broker/Underwriter in London for Transamerica, and moved to the UK to become its Chairman. After merging this business in 1985 with a dominant UK broker, Sedgwick, Plc., Irby became Deputy Chairman of Sedgwick forming the largest international insurance broker, a post he held until 1988 when he left to become a founding partner of the London-based investment banking boutique Hambro Magan Irby. During its eight years of independence, it became one of the most successful M&A boutiques in Europe, advising on over $50 billion of transactions. In late 1996, Hambro Magan Irby was sold to National Westminster Bank (“NatWest”). After the sale, Irby became Chairman/CEO of the NatWest Global Investment Banking Advisory business and also had executive responsibility for Coutts & Co., as well as NatWest’s leveraged lending business to the private equity community.
In 2001, NatWest was acquired by the Royal Bank of Scotland. At that point, Irby led his management team in buying back the investment banking business from NatWest, renaming it Hawkpoint Partners, where he was Chairman and Chief Executive. He subsequently sold Hawkpoint to Collins Stewart PLC in 2003. Following that sale, he founded Tricorn Partners, another highly successful M&A boutique and focused advisory firm. Tricorn Partners was subsequently sold to Nomura Securities. In 2006 he moved to San Francisco where he co-founded London Bay Capital, a Private Equity Firm.
In addition to his M&A advisory work, Irby has acted as a senior external advisor to many Chairmen, CEOs, and Boards of both public and private companies in complex settings. He was a director of McKesson Corporation (NYSE:) for 17 years and was Chairman of its Compensation Committee and Finance Committee. He was also Chairman of the UK-listed ContentFilm (LONDON AIM: CFL) and served on the boards of directors for Thomas Weisel Partners (NYSE), Stifel Financial Corp. (NYSE: SF), Fred S. James and Company (NYSE), Wigham Poland PLC, Winchester PLC ( London AIM), HBOC Corporation (NYSE), Sedgwick Group PLC (London AIM), Georgia Causality and Surety (NYSE), Aiken Hume PLC (London AIM), Centaur Communications PLC (London AIM), Edmiston, Lion Capital, and Catlin Group Limited PLC (London AIM).