SAN JOSE, Calif., May 22, 2017 /PRNewswire/ -- The Board of
Directors of PeerNova, Inc. (PeerNova) today announced the
appointment of Jonathan E. Johnson
to the Board of Directors, effective immediately. Johnson
joins six other directors: S. Atiq
Raza (Chairman), Naveed
Sherwani, Jalil Shaikh,
David Bell, Howard Mergelkamp, and Gangesh Ganesan.
"PeerNova continues to make significant progress in bringing
decentralized ledger technology to the financial services sector,"
said Patrick M. Byrne, CEO of
Overstock.com, Inc. "Jonathan's appointment to the PeerNova
board is well aligned with our continued collaboration with
PeerNova since our initial investment in 2015."
"Jonathan is an established business leader, who shares
PeerNova's vision of bringing blockchain-inspired technology to the
financial industry," said Dr. Naveed
Sherwani, PeerNova's President and CEO. "Jonathan's
wide-ranging executive and board experience further strengthens our
team and helps us bring our Cuneiform Platform to more banking
partners."
Johnson is president of Medici Ventures, Overstock's subsidiary
that oversees a portfolio of blockchain technology and fintech
businesses, including PeerNova. Johnson joined Overstock in
2002, and has served as the chairman of Overstock's board of
directors since April 2014,
transitioning to the position after five years as the company's
president, and later, as the acting CEO and executive vice chairman
of the board. He has been an integral part of Overstock's
meteoric growth from a small start-up to a publicly traded company
with over $1.8 billion in sales and
over 1,700 employees. Prior to Overstock, he served various
positions with TenFold Corporation, including Chief Financial
Officer, Executive Vice President, Senior Vice President, and
General Counsel. Johnson received a Bachelor's Degree in
Japanese from Brigham Young University,
studied at Osaka University of
Foreign Studies in Japan as a
Ministry of Education Scholar, and received his Juris Doctor degree
from the J. Reuben Clark Law School at Brigham
Young University.
"PeerNova has a great board and management team," said
Johnson. "I'm excited to be part of such an innovative
blockchain technology company that continues to lead in the fintech
space."
"I am pleased to welcome Jonathan to the PeerNova Board of
Directors," said S. Atiq Raza,
PeerNova's Chairman of the Board. "Jonathan is an excellent
addition to our board, bringing significant industry expertise and
business insight to the table."
About PeerNova, Inc.
PeerNova combines the best
of Blockchain, Big Data, and Cloud to uniquely enable financial
institutions to securely and verifiably manage their data and
address their reconciliation, audit, and compliance
challenges. Based in Silicon Valley, the PeerNova team has
expertise in distributed systems, Blockchain technology, networking
solutions, compiler technology, Big Data, and financial
services. For more information, please visit
http://www.peernova.com.
About Medici Ventures
Launched in 2014, Medici Ventures is a wholly owned subsidiary
of Overstock.com, Inc. created to manage and oversee investments in
firms building solutions leveraging and servicing blockchain
technologies. Named for the Medici Bank of Florence -- a pioneer of the double entry
bookkeeping that revolutionized money and banking in the
Renaissance -- Medici Ventures seeks to encourage the adoption of
distributed ledgers, and in so doing, precipitate a rebirth of
efficiency, security and transparency in financial technology.
Medici Ventures has several blockchain-focused investments,
including t0.com, PeerNova, Bitt, SettleMint, Factom, and
IdentityMind. The company's majority-owned financial technology
company, t0.com, executed the world's first blockchain-based stock
offering in December 2016.
About Overstock.com
Overstock.com, Inc. has
turned millions of houses into dream homes as the premier value
destination for home goods including furniture, décor, rugs,
bedding, and accessories. Based in Salt
Lake City, Utah, Overstock.com has been a pioneering force
in e-commerce since 1999, providing our customers the assortment
and convenience they want for less. In addition to home goods,
Overstock.com offers a variety of products including jewelry,
electronics, apparel, and more, as well as a marketplace providing
customers access to hundreds of thousands of products from
third-party sellers. Additional stores include Worldstock.com,
dedicated to selling artisan-crafted products from around the
world, and Main Street Revolution, supporting small-scale
entrepreneurs in the U.S. by giving them access to our national
customer base. Forbes ranked Overstock in its list of the Top 100
Most Trustworthy Companies in 2014. Overstock regularly posts
information about the company and other related matters under
Investor Relations on its website.
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SOURCE PeerNova, Inc.