effiScience has been Selected As an MIT Sloan CIO Symposium Innovation Showcase Finalist

BOSTON--(BUSINESS WIRE)--

effiScience today announced that it has been selected as finalists to the 1^st annual MIT Sloan CIO Symposium – Innovation Showcase. The Innovation Showcase highlights ten outstanding early-stage companies that provide cutting-edge technology and offer new levels of value and advancement to Enterprise IT.

“MIT is all about innovation and leadership, and we developed the Innovation Showcase to highlight companies that embody these traits, effiScience is one of such companies” said David L. Verrill, Executive Director of the MIT Center for Digital Business, and the Co-chair of the Innovation Showcase. “The Symposium provides these early-stage companies with a platform to demonstrate their new thinking and approaches to vital challenges facing CIOs in today’s changing economy.”

“We are extremely pleased to have been selected by such a distinguished panel for our ability to unleash the power of artificial intelligence through our Hyper³ platform and deliver high-impact business results in a pragmatic, flexible and measurable fashion” commented Pascal Aguirre, Managing Director of effiScience.

The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The portfolio of speakers includes more than 50 presenters from a wide range of industries, as well as leading academics from the MIT Sloan School of Management.

More than 600 CIOs and senior IT executives will be attending the 2010 MIT Sloan CIO Symposium, which will take place Wednesday, May 19, 2010, 7:30 am to 7:00 pm at Kresge Auditorium, MIT (77 Massachusetts Avenue, Cambridge, MA). The full agenda is available at www.mitcio.com/agenda.

About effiScience, Inc.

effiScience is the leading developer of next-generation Complex Analytics software and grid computing services. Through market-specific software applications, we deliver significant and measurable returns to our clients by extracting an unprecedented level of insight from their business data. At the core of our technology is an innovative algorithm, the result of fifteen years of advanced mathematical research in nuclear physics and artificial intelligence, which continues today in our world-class research lab.

Many Fortune 500 blue chips in insurance, financial services, life sciences, retail, hospitality and government have trusted our expertise in customizing specific solutions and applications for specific business issues or in broadly integrating our technology in their business intelligence and management processes. Our clients consistently experience breakthrough results and ROI performance significantly above those that traditional tools yield.

About the MIT Sloan CIO Symposium

The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today's changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Alumni Club of Boston, the MIT Center for Digital Business and the Boston Chapter of the Society for Information Management. Visit www.mitcio.com for more information and registration.

To stay connected to the community developing around the Symposium, please join The Global CIO & Executive IT Group (An MIT Sloan CIO Group), which can be found on Linkedin.com: http://www.linkedin.com/groupInvitation?groupID=1719457. Follow Symposium updates on Twitter: http://twitter.com/mitciosymposium.