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About Us FurrayLogic, Inc. was founded with the vision of helping Excel and Visual Basic developers convert their applications easily into more powerful languages such as Java or C++, and web enabling them automatically. The co-founders initially pitched the idea to LabMorgan, the venture group within JP Morgan Chase. The idea was an immediate hit, as the architecture was already designed and a working prototype was available. FurrayLogic incorporated soon thereafter, and the XL2J product was co-developed with JPM. Since then, XL2J has been commercialized for sale to financial and other types of institutions. The product has been deployed to banking and non-banking customers and FurrayLogic works with customers on various ways to leverage the product.
Management Team 
Murray Woloshin, Co-founder, PresidentInitially helping develop the XL2J code and project managing the VBA2J initiative, Murray's role has evolved towards new business development and day to day management. Today Murray is responsible for strategy, negotiations and alliances, sales and marketing, and legal issues for XL2J's parent, FurrayLogic. During 4 years at JPMorgan, Murray was consultant to and lead applications developer for the Insurance and Pension Derivatives Group (IPDG). His work on model revisions in 2001 contributed to recognition of more than $15 million in additional profit and greatly improved risk management capabilities. Murray also worked with the Public Finance Group, dramatically increasing the capacity of its optimization model to analyze and bid on large complex municipal debt restructuring projects. He also did research for the personal finance Lifestyle Annuity development team. Previously at ATT/Bell Labs, Murray worked on decision support systems for the billion dollar customer call center. As a consultant to Consolidated Edison of New York, he was Principal analyst in the original study of the financial viability of small scale distributed generation (SSDG) and was a member of the corporate competition team reporting directly to the CEO. Murray’s statistical analysis of equipment life cycle costs was used to negotiate a new pricing/purchase methodology with vendors (GE, ABB, Westinghouse) resulting in tens of millions of dollars in savings. Murray has been involved with portfolio management and trading, and has been a principal in financial services firms for over 20 years. He has expertise in fundamental and quantitative analysis. Along the way he invented an innovative method for creating Artificial Neural Networks [ANS], which is considered an advance in that branch of Artificial Intelligence, and has application in various fields (for example, it has been used in pharmaceutical research as well in financial market trading applications.) Murray spent the early part of his career at Neiderhoffer, Cross and Zeckhauser where he was Vice President and Assistant to the Chairman and participated in both the Investment Banking and Trading divisions. Murray has also consulted for several major insurance and financial services companies in the areas of financial analysis and modeling, and legal and tax strategy. He holds the Chartered Financial Analyst designation, and is a member of the New York Society of Security Analysts. Copyright 2001 - 2011, FurrayLogic Inc |
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