TORONTO, May 28, 2018 /CNW/ - VersaPay
Corporation (TSXV: VPY) ("VersaPay" or the "Company"), today
announced that the results of resolutions proposed at its Annual
General and Special Meeting of shareholders held on May 28, 2018.
Shareholders elected returning directors, Art Mesher (Chairman), Mark Kohler, Sheldon
Pollack, and Craig O'Neill
(CEO), as well as two new directors, Brandon Nussey and David
Dobson.
Brandon Nussey – Mr. Nussey has
almost 20 years of experience as a technology executive. From 2000
to 2007, he was in a series of roles with increased responsibility
at The Descartes Systems Group, ultimately being appointed as the
Chief Financial Officer in 2003. He helped lead a turnaround of the
business that resulted in significant operational improvement and
numerous industry awards. After serving as an Executive in
Residence at Communitech, helping early stage companies in all
aspects of their business, Mr. Nussey joined as Chief Financial
Officer and member of the Board of Directors of D2L Inc (formerly
Desire2Learn), a SaaS based education technology provider where he
held that role for eight years. He led the company through
hyper-growth and drove the company's growth financing of
$165 million. Currently, Mr. Nussey
is Chief Financial Officer of Lightspeed POS Inc., a cloud-based
Point of Sale solution provider, leading the company's finance,
legal, human resources, data and IT teams. Mr. Nussey is also
Treasurer and a Board member of the Loran Scholars Foundation, one
of Canada's most prestigious
scholarship programs, and named one of the Financial Post's Top
Charities in Canada.
David Dobson – Mr. Dobson joined
Digital River in February 2013 as the
company's Chief Executive Officer. Digital River currently operates
as a private company, being acquired by Siris Capital for
US$850 million in 2015, representing
a more than threefold increase in enterprise value. Prior to his
current role, Mr. Dobson served as executive vice president and
group executive at CA Technologies Inc. His team had responsibility
for a US$4 billion P&L. Prior to
joining CA Technologies, Mr. Dobson served as president of Pitney
Bowes Management Services (PBMS), a $1
billion revenue division of Pitney Bowes Inc. Previously,
Mr. Dobson was chief executive officer of Corel Corporation, a
$300 million global provider of
leading software titles, including CorelDraw, WordPerfect and
WinZip. During his three years at Corel, the company grew revenue
20% year over year, completed three successful acquisitions, and
increased profits by more than 30% each year. In 2006, he was
instrumental in leading the company's successful initial public
offering. During Mr. Donson's leadership at Corel, the company's
market value increased more than six times. Before joining Corel in
2005, David spent 19 years at IBM, where he held a number of senior
management positions, including Corporate Vice President, Emerging
Business Opportunities, and General Manager, IBM Printing Systems
Division. He was a member of IBM's Senior Leadership Team and is a
member of the board of directors of John Wiley & Sons.
Shareholders also voted in favour of the other resolutions put
before the meeting, including the appointment of KPMG LLP and the
replenishment of the number of common shares available for issuance
upon the exercise of options issued under the Company's option
plan.
The Company also announced the reappointment of its current
senior officer team, consisting of:
Craig O'Neill, Chief Executive
Officer;
Shouvik Roy, Chief Financial
Officer;
Eddie Chan, Chief Technology
Officer;
Geoff Coutts, Vice President, Sales;
and
John McLeod, Vice President,
Marketing.
About VersaPay
VersaPay is a Fintech company and leading provider of
cloud-based invoice-to-cash solutions, enabling businesses to
provide a superior customer experience, get paid faster, streamline
financial operations, and dramatically reduce DSO and costs.
VersaPay ARC is the new standard in accounts receivable and
collections management with a customer self-service environment to
view invoices online, collaborate on inquiries and disputes, and
facilitate secure online payments (ETF/ACH and credit card).
Businesses gain access to a suite of powerful tools that enable
efficient collections, cash application and real-time insight into
accounts receivable. VersaPay ARC automatically reconciles payments
and account information through integrations with a wide range of
ERPs and accounting software providers.
More information about VersaPay can be found on the Company's
website at www.versapay.com or under the Company's profile on SEDAR
at www.sedar.com.
SOURCE VersaPay Corporation