Barry Sloane and Sidney Rabsatt Appointed to IPM’s Board of Directors

Intelligent Protection Management Corp. (IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, announced that Barry Sloane and Sidney Rabsatt were appointed to the board of directors of the Company, effective January 7, 2025.

Jason Katz, chairman and CEO, IPM, commented: “We are thrilled to have Barry and Sidney join our board of directors at this time, as we embark on our new journey as a managed technology solutions provider. We recently closed on our transformational acquisition of Newtek Technology Solutions, Inc. and look forward to re-energizing the business with both organic and acquisitive growth. We are excited to have Barry join the board, as he has intimate knowledge of the acquired business and vast experience in the public markets, having led NewtekOne, Inc. as chairman and CEO since 1999. We are also very excited to welcome Sidney, as he has nearly 30 years of experience in technology and over 15 years driving product vision, strategy, and execution in high-profile technology companies and roles.“

Barry Sloane, incoming director, stated: “I believe IPM has a great opportunity to focus on growing this technology service producer business, and I’m pleased to work with Jason and the board of directors.“

Sidney Rabsatt, incoming director, stated: “I look forward to working with the team at IPM, and I believe my technology expertise will bring a unique perspective that will contribute positively to the team. The cybersecurity and cloud infrastructure sectors are ripe for growth both organically and through potential accretive acquisitions in the future. The current marketplace for managing business IT security and managed technology solutions has never been better.“

Barry Sloane has served as NewtekOne, Inc.’s chairman and CEO since 1999, as its president since 2008 and chairman and CEO of its bank subsidiary, Newtek Bank, N.A., since January 2023. Mr. Sloane founded NewtekOne, Inc. in 1998 and is an executive officer of each of its subsidiaries. From September 1993 through July 1995, Mr. Sloane was a MD of Smith Barney, Inc., where he directed the Commercial and Residential Real Estate Securitization Unit, and was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, Mr. Sloane was founder and president of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of ‘Aegis Consumer Funding.’ From October 1988 through March 1991, Mr. Sloane was SVP of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgage-backed securities. From August 1982 to September 1988, Mr. Sloane was a senior mortgage security salesman and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber.

Sidney Rabsatt is a seasoned executive with nearly 30 years of experience in technology and over 15 years driving product vision, strategy, and execution in high-profile technology companies and roles. He currently serves as chief product officer at MindsDB, an AI company focused on surfacing the knowledge in Enterprise data to power AI apps and agents, where he is responsible for creating and driving product vision and strategy. Previously, Mr. Rabsatt served as head of product at Anyscale from April 2023 to January 2024, and as director of product management for cloud application and content delivery and M&E at Google from June 2021 to March 2023. Mr. Rabsatt was VP of Product Management for Modern Applications and APIs at F5 Networks from May 2019 to May 2021, and VP, product management, NGINX from November 2017 to May 2019. He received his B.S. in Computer Engineering from the Georgia Institute of Technology and his MBA from Baruch College. Mr. Rabsatt has a proven track record of success in leading product teams and delivering innovative solutions in several areas, including AI/ML and Cloud Infrastructure, Modern App/Cloud Infrastructure, Enterprise Networking, Observability/AIOps, and Streaming Media and Gaming.