CEO & Co-Founder
Industry: Software (Healthcare)
Often described as focused, strategic, driven and motivating, Frank Ricotta knows that every customer relationship is fragile. Ricotta knows firsthand the importance of trust.
After dealing with a breach of his personal information, the process of mitigating the information that was used for theft was traumatic for him and his family. With an invaluable background in technology, Ricotta knew that he and his colleagues could address and solve the problems of data breaches. In 2015, Ricotta launched BurstIQ, a first-of-its-kind data management platform that builds multi-dimensional profiles of people, places and things, and enables the connections between them. It allows data to be securely owned, shared, and trusted across a global data exchange network, driving deeper insights and more meaningful collaborations in trade and health.
“There is no other technology like it in the world,” Ricotta said. “We get partners with large corporations who come to us to give them an edge with their clients. We are a global company.”
He added, “Our global reach will continue to expand. There are less than 500 companies in the U.S. who are in the United Nations Global Compact and very, very few who are partnered with the International Trade Administration.”
Currently in the midst of two serious proposals to handle government HIEs (Health Information Exchange), BurstIQ will continue to work with startups and large governments and companies around the world while expanding the BurstIQ team in Denver, Colorado.
Ricotta has been acknowledged with a sundry of awards and recognitions including: GDS Review – Best Cloud Based Data Aggregation Platform 2017; Mirror Review – The 10 Leading Enterprise Grade Blockchain Solutions, 2018; Red Herring North America Top 100 - Cloud Computing (SaaS, PaaS, etc.) 2018; Frost and Sullivan Best Practices Award – Technology Innovation 2019, and the Government Blockchain Association – Annual Achievement Award - Innovation 2020.
Ricotta serves as an advisor to the OECD, World Economic Forum (WEF), and the EU Parliament on blockchain matters. He has been involved with Humanity 2.0 and advises the organization on how blockchain can be used to address global social challenges. Ricotta led BurstIQ to join as a participant to the UN Global Compact - a public commitment that the company’s social mission is not just rhetoric, but is built into the fabric of the company. Also, he leads the company’s partnership with the International Trade Administration (ITA), providing strategic guidance to the ITA on federal strategy, educational efforts, and policy related to blockchain.
Ricotta attributes his success to a connection between business and fun.
“Make money by helping clients run a profitable business and increase shareholder value.” He added, “Successful individuals that I know, who are the happiest, have one common trait- they look for opportunities to help one another in lieu of focusing only on themselves.”
Ricotta emphasizes that having fun at what you do balances out life.
“Have fun at work, with clients and the people you associate with,” Ricotta said. “Life is too short to not enjoy every minute.”
Ricotta has been named a Titan of industry for developing a first-of-its kind data management technology that transforms how information is shared on the global data exchange network.
Frank loves to cook and will cook for his entire community (church) for over 150 people!
Frank will also load up office with tons of snacks and drinks. He has been married to the same woman for over 30 years and has 4 grown children.