Ike Suri serves as the Chairman & CEO of Fundingshield, LLC, a loan-level fraud prevention & risk management company that provides technology-based solutions to help mortgage lenders manage the funding process and avoid wire fraud schemes. The firm has a unique loan-level verification approach that has been used on over $900 Billion of closings. Ike also is currently the Chairman and CEO of Pelican Point Investment Group LLC (“PPI”), a boutique Private Equity & Merchant Bank in Newport Beach, California. Prior to PPI, Ike was the Co-CEO and Co-Founder of Pelican Point Capital Partners, LLC for three years. He also has served as a CEO, Chairman, board member and advisor to private and public companies and continues to advise companies as an adviser, principal & owner/operator. Ike is a “serial entrepreneur” and a founding charter member of The IndUS Entrepreneurs (TiE- South Coast). He served as a board member of Trilennia Group, a mid-market merchant banking firm and a member of the Turnaround Management Association (TMA). Ike is a Co-Founder and was Co-President and CFO for Options Group, a leading Wall Street-based executive search and consulting firm with offices in 11 countries. Ike served as CEO and Chairman of Paradise Multimedia, Inc., a spin-off acquired from Phillips Corp. of NA. He also served as Chairman and CEO of Pacific Rim Entertainment Inc., a prime-time animation production company of which he sold select assets to Disney.
Ike originated structured and integrated acquisitions in 6 technology consolidation/roll-ups in the networking spectrum and related industries. From networking technologies in Ethernet, Token Ring, switches, routers, fiber optic codecs (applications) and wireless synthesizers, his team acquired these companies from companies such as Raytheon, Rockwell Network Systems, Westinghouse, Meret Optical, Sciteq, Relialogic and Phillips.
He was part of a leadership team for acquisitions that helped build Sorrento Networks. Sorrento Networks reached a market capitalization of approximately $1.6b as a listed Nasdaq company. Ike was instrumental in helping the company acquire 8 companies in the roll-up strategy and further spun off 2 subsidiaries as separately listed public companies called Entrada Networks & DPI.
Ike is also Managing Director of Azemuth, Inc., a Suri family office making principal investments since the mid-1990s. His primary focus has centered on building enterprise value via investments and by Mergers & Acquisitions. He has a long history of working with leading organizations across various industry sectors including Financial Services, Real-Estate, Information Technology, Med-tech, Health Care, Food and Beverage and Social Media.
Ike Suri attended Delhi University’s Sri Ram College of Commerce and further completed Undergraduate and Graduate course work in Finance and Marketing at Rutgers University.