# Peter B. Ritz

> Peter B. Ritz is a technology entrepreneur and FatBrain AI co-founder whose career spans AirClic, Xtium, Keystone NAP and the chairmanship of Observable Networks before its acquisition by Cisco. His work has centered on commercializing technology and delivering business capabilities through services. His current LinkedIn profile lists a stealth AI startup in New York; FatBrain’s website still lists him as CEO for sales and corporate development.

- **Role:** Stealth AI Startup (LinkedIn-listed); Co-founder, FatBrain AI; CEO, Sales and Corporate Development still listed on FatBrain website
- **Organizations:** FatBrain AI, LZG International, Keystone NAP, Xtium, AirClic, Observable Networks, CloudR Labs, Genius Group, VMware Service Provider Advisory Board, Exceda, University of Pennsylvania Law School
- **Education:** B.S., Computer Science, University of Maryland, B.A., Biochemistry and Molecular Biology, University of Maryland, A1 in Science (as described in published biography), Baltimore Polytechnic Institute
- **Known for:** Co-founded AirClic and is named on a granted patent for connecting users to network locations using codes., Helped found Keystone NAP and develop its modular data center business at a former U.S. Steel site., Chaired Observable Networks before Cisco completed its acquisition in July 2017.

## Career timeline

- **2004** — Named as a co-inventor on AirClic patent US6691914B2, granted February 17.
- **2007** — Joined Xtium with Shawn Carey as the business pivoted to virtual hosting and disaster recovery, according to founder Tim Vogel’s correction in The Philadelphia Inquirer.
- **2014** — Publicly led Keystone NAP’s development of a data center at the former Fairless steel site.
- **2014-2017** — Chairman of Observable Networks, February 2014 to July 2017, per LZG’s 2022 annual report.
- **2015** — Became managing director of FatBrain LLC in September; Ritz dates FatBrain’s business beginnings to 2015.
- **2016** — Evolve IP acquired Xtium in October.
- **2017** — Cisco completed its acquisition of Observable Networks on July 31.
- **2021** — Became CEO and CFO of LZG International on October 23.
- **2022** — Discussed FatBrain’s Prime Source transaction and spoke at Digital Bridge in Kazakhstan.
- **2024** — Joined Genius Group as executive director and chief revenue officer following an asset transaction; Genius announced termination of his employment in September.
- **2026** — Public LinkedIn profile lists Stealth AI Startup; FatBrain’s website continues to list him as CEO.

## Achievements

- Co-founded AirClic and is named on a granted patent for connecting users to network locations using codes.
- Helped found Keystone NAP and develop its modular data center business at a former U.S. Steel site.
- Chaired Observable Networks before Cisco completed its acquisition in July 2017.
- Co-founded FatBrain AI and led its sales and corporate development.

## Latest updates

- **2026-07** — In Ritz v. Genius Group, a federal court denied Genius’s motion to strike certain affirmative defenses pleaded by Ritz and Michael Moe; the ruling did not adjudicate the underlying employment claims.
- **2026-04** — Genius Group announced an ICC award against LZG International entitling it to 7,387,374 shares and $7,971,168.53; this was a company-level award and should not be described as a personal damages award against Ritz.

## Links

- LinkedIn: https://www.linkedin.com/in/peterbritz

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Profile page: https://yespress.io/peter-ritz
Published by YesPress — https://yespress.io
Last updated: 2026-10-23