SILVERBACK UNITED, INC. (still trading under ML Capital Group, Inc. [MLCG] pending FINRA approval of name and ticker symbol change), a leader in the rapidly emerging industry of utilizing data as an asset that can be valued and monetized, announced the appointment of Michael Mather as Chief Data Officer of Silverback United, INC. Mr. Mather’s appointment is effective immediately. Mr. Mather will report directly to Silverback’s CEO, Ron Bienvenu, and will be primarily responsible for data valuation as part of Silverback’s mission to release the hidden value of data assets for Silverback’s clients and wider markets. In conjunction with his new role, Mr. Mather will lead the data lending division for Silverback United, INC.
Mr. Mather has spent his entire career in data. Initially in the financial markets for Standard & Poor’s and Morgan Stanley, he then went on to work in the wider corporate marketplace as a serial entrepreneur focusing on data and technology. Working with clients’ data, he gained deep insight across numerous sectors from technology, telecoms, insurance, banking, retail, manufacturing, real estate, and health and life sciences. For the last three years, Mr. Mather has been delivering robust and defensible data valuations, a number of which resulted in debt financing employing the data valuation as the primary asset securitizing the funding. Mr. Mather brings to Silverback this extensive insight and execution strategies to the delivery of data as an asset.
Mr. Mather commented, “Silverback presents an exceptional opportunity to work with their hugely talented team to open up this new asset class and expand the opportunities it brings. For too long, data has been treated as a hidden asset buried in a business as an intangible asset or goodwill on the balance sheet, its true value ignored. We are changing that. Data is the asset.”
Ron Bienvenu, CEO and President of Silverback, added, “It is time for the financial world to move beyond the traditional notion of assets; it is more than just real estate, marketable securities, and inventory. It was not long ago that intellectual property portfolios became a hot asset, and one which could be valued and monetized. Silverback will lead the next revolution in assetization and turn data into a valuable, commoditized asset. Mike is uniquely qualified to provide data valuations and the assetization of data. In turn, Mike, Mathew Harrowing (whose hire was announced last week), and the rest of the Silverback team will proceed to monetize the asset. Mike is right; data is the asset.”
“The concept of data as a new asset class is in its infancy, and Silverback is one of the few companies that is actively making the concept a reality. By valuing data with our proprietary methodologies and technological capabilities, we are prepared to guide entrepreneurs and established businesses in the monetization of their data. We are thrilled that Mike will take a leading role in our efforts.”