Newtek Business Services Corp. Portfolio Company Adds Two Senior Executives
February 22 2021 - 8:30AM
Newtek Business Services Corp., (Nasdaq: NEWT), an internally
managed business development company (“BDC”), today announced that
Newtek’s portfolio company, Newtek Merchant Solutions (“NMS”), has
added two senior executives, namely Mr. Andrew Jadatz and Mr. Shawn
Ecksel.
Mr. Andrew Jadatz has joined NMS as Senior Vice President of
Product Development. Mr. Jadatz comes to NMS with over 30 years’
experience in the merchant services arena, with an extensive
background in product development and management, managing and
coordinating system integrations, as well as developing systems,
processes, and procedures to streamline corporate operations. Most
recently, Mr. Jadatz was Vice President, Senior Merchant
Integration Officer at Bank of America. Prior to Bank of America,
Mr. Jadatz was Vice President, Project Management Office at Bluefin
Payment Systems. Earlier in his career, he held senior positions in
product development and management at entities such as Vantiv,
Cynergy Data, First Data International and Bank of America Merchant
Services.
Mr. Shawn Ecksel has joined NMS as Senior Vice President of
Business Development. Mr. Ecksel comes to NMS with 15 years’
experience in sales and product development, with extensive
background in merchant services, payments, and credit cards. Most
recently, Mr. Ecksel was Vice President, Sales & Business
Development at USPAY Group LLC. Prior to USPAY Group LLC, Mr.
Ecksel was Senior Vice President at GatewayPay. Earlier in his
career, he was Vice President, Sales at Fidelity National
Financial.
Barry Sloane, President, Chairman and CEO said, “We are pleased
to have succeeded in hiring two great talents to add to our senior
management team at NMS, our payment processing controlled portfolio
company. As we look forward to further developing NMS’ payment
processing solutions in today’s rapidly changing environment, it’s
important to enhance our leadership team to continuously improve
NMS’ market position. Andrew Jadatz, with his vast experience
at Bank of America, Vantiv and Cynergy Data, will work closely with
NMS’ senior management team to confirm that our client
experience regarding integration, implementation and innovation
remains first class as solutions evolve and change. Shawn Ecksel,
with over a decade in experience in distributing payments
solutions, will work with all of our various distribution channels
to grow the awareness that our payment solutions solve today’s
challenges and create efficiencies to meet clients’ needs and
demands. We are thrilled to have been able to add these two
talented senior executives in a competitive environment. We feel we
have the right strategy, product mix and methods to outperform our
competition in the days, weeks and quarters ahead.”
About Newtek Business Services Corp.
Newtek Business Services Corp., Your Business Solutions
Company®, is an internally managed BDC, which along with its
controlled portfolio companies, provides a wide range of business
and financial solutions under the Newtek® brand to the small- and
medium-sized business (“SMB”) market. Since 1999, Newtek has
provided state-of-the-art, cost-efficient products and services and
efficient business strategies to SMB relationships across all 50
states to help them grow their sales, control their expenses and
reduce their risk.
Newtek’s and its portfolio companies’ products and services
include: Business Lending, SBA Lending Solutions, Electronic
Payment Processing, Technology Solutions (Cloud Computing, IT
Consulting), eCommerce, Accounts Receivable Financing &
Inventory Financing, Insurance Solutions, Web Services, and Payroll
and Benefits Solutions.
Newtek® and Your Business Solutions Company®,
are registered trademarks of Newtek Business Services Corp.
Note Regarding Forward Looking
Statements
This press release contains certain
forward-looking statements. Words such as “believes,” “intends,”
“expects,” “projects,” “anticipates,” “forecasts,” “goal” and
“future” or similar expressions are intended to identify
forward-looking statements. All forward-looking statements involve
a number of risks and uncertainties that could cause actual results
to differ materially from the plans, intentions and expectations
reflected in or suggested by the forward-looking statements. Such
risks and uncertainties include, among others, intensified
competition, operating problems and their impact on revenues and
profit margins, anticipated future business strategies and
financial performance, anticipated future number of customers,
business prospects, legislative developments and similar matters.
Risk factors, cautionary statements and other conditions, which
could cause Newtek’s actual results to differ from management’s
current expectations, are contained in Newtek’s filings with the
Securities and Exchange Commission and available through
http://www.sec.gov/. Newtek cautions you that forward-looking
statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected
or implied in these statements.
SOURCE: Newtek Business Services Corp.
Investor Relations & Public
RelationsContact: Jayne Cavuoto Telephone: (212) 273-8179
/ jcavuoto@newtekone.com
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