William Craven Elected to Modus Operandi Board of Directors

Press Releases

October 2, 2014

Modus Operandi, a company that delivers Big Data analytics solutions for national security and commercial organizations, has announced that William R. Craven has been elected to its Board of Directors. Craven is currently Chairman of the Board at Federal Systems, LLC, which invests in defense and intelligence-related companies.

Craven, who worked with Modus Operandi President Rick McNeight during the 1990’s, has been informally advising Modus Operandi since 2013. He has more than 25 years of experience in executive and C-level management positions in military and government-related companies, and is well known in the industry for founding defense intelligence software company Overwatch Systems.

As founder/CEO of Overwatch Systems, Craven successfully secured financial backing from Kelso & Co., one of the nation’s oldest private equity firms, and built the company through a series of six acquisitions that were integrated to provide the U.S. intelligence community with a single, collaborative set of intelligence analysis tools. The company was sold to Textron (TXT: NYSE) in 2006.

Prior to forming Overwatch, Craven was CEO of Paravant, a public company (PVAT:NASDAQ) serving the defense community with rugged and high speed computing solutions for Battlefield and Intelligence applications. Craven joined Paravant in 1991 when it was a private company, and worked closely with Rick McNeight in focusing the company on the defense industry, driving significant growth. During that period, Paravant successfully acquired and integrated four defense companies serving both the tactical and intelligence segments. The team took the company public with a successful move to the NASDAQ exchange in 1996. In 2002 Paravant was sold to DRS Technologies (DRS: NYSE).

“We are thrilled to have Bill join our board,” said Peter Dyson, CEO, Modus Operandi. “Bill brings to Modus Operandi a deep and broad background and track record in the defense and intelligence technology space, as well as a keen understanding of both product and services based businesses.”

Prior to Paravant, Craven was president of the Seiko Mead Company, a joint venture between the Mead Corp. of Dayton, Ohio, and the Seiko Group of Japan. He also served Mead in a variety of technical product development and marketing roles. Early in his career Craven worked as an analyst for Anderson Electric Co., whose activities including serving as a contractor for an agency of the U.S. government.

Craven has served on a variety of boards of public, private, and non-profit organizations. He has a bachelor’s of science in physics from Birmingham-Southern College and completed an executive MBA program at Rutgers University.