Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Syniti Appoints Human Resources Veteran Suzanne Barth as New EVP and Chief People Officer


“I am excited to welcome Suzanne to the Syniti family,” said Syniti CEO Kevin Campbell. “Her extensive global human capital management and hands-on board experience will help guide us and our employees through today’s changing environment and for the future.

Syniti, a global data solution provider, today announced the appointment of veteran Human Resources (HR) executive Suzanne Barth as its new Executive Vice President (EVP) and Chief People Officer. Barth will work closely with Syniti’s CEO Kevin Campbell and Syniti’s senior leadership team on all aspects of the company’s talent management transformation and growth across its global operations in North America, Asia, and Europe. She was most recently EVP and Chief HR Officer at GTY, a Boston-based vertical SaaS/Cloud solution provider.

“I am excited to welcome Suzanne to the Syniti family,” said Syniti CEO Kevin Campbell. “Her extensive global human capital management and hands-on board experience will help guide us and our employees through today’s changing environment and for the future. Suzanne will play a key role in accelerating Syniti’s engaged, inclusive, and high-performing culture.”

Syniti Chairman of the Board Bill Green says, “Suzanne is an outstanding HR champion with strategic, operational and board experience. Her exceptional track record of applying best-in-class practices and building an engaging culture will prove to be a great addition to the organization. Suzanne served twice under Syniti Board Chairman, Bill Green, first at Accenture, and recently at GTY where Bill is Chairman of the Board.

“I am excited to join Syniti to accelerate its journey as an employer of choice, providing an engaging, diverse and supportive workplace where people and business excel,” said Suzanne Barth. “I look forward to providing successful and sustainable practices and strategies, while leveraging top talent and technology in today’s environment, to help empower people to be their best,” said Suzanne Barth.

Prior to GTY, Suzanne served as Chief HR Leader at Draper where she built the HR division from the ground up — enhancing compensation, benefits, recruiting and development. During her 20-year tenure at Accenture, Suzanne held several global senior HR positions, providing a broad range of HR strategies and solutions across the organization.

About Syniti

Syniti, formerly BackOffice Associates, was founded in 1996 to solve business’ complex data challenges, bringing synergy between data and business. Through a combination of unique data expertise, services, and intelligent software leveraging artificial intelligence and machine learning, we help clients manage their data journey from data conversion to data quality, data archival and replication, master data management, analytics, information governance, and data strategy. Syniti is a portfolio company of private equity firm BridgeGrowth Partners LLC.

http://www.syniti.com

@syniti

@synitidata

Contact:

Alana Hill, Syniti

Alana.Hill@Syniti.com

+1 202 549 3690

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How Will The Car Insurance Industry Be Affected By The Current Coronavirus Pandemic?


News Image

“The coronavirus pandemic has made a serious impact on the car insurance industry. Insurance companies and policyholders alike have begun to fell the consequences and they are adjusting to the new realities of the car insurance industry”, said Russell Rabichev, Marketing Director

Compare-autoinsurance.org has launched a new blog post that explains how the coronavirus outbreak has changed the car insurance industry.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/car-insurance-guide-during-the-coronavirus-pandemic/

The coronavirus has affected the lives of everyone. The consequences of this unfortunate event are dire and no one knows exactly when it’s going to end. The hardships the regular Americans have to overcome are expected to be more severe than the ones from the last financial crisis. Regarding car insurance, there are a few good news for regular Americans. Several major car insurance providers have announced that they will help their customers who are in financial trouble.

In these challenging times, the car insurance industry has changed in several different ways:


  • Some car insurance companies are refunding premiums during the coronavirus crisis. Since the declaration of a national emergency in the US, the number of cars on the road had fallen drastically. For this reason, several major car insurance companies have decided to give back some of the money policyholders spent on their premiums. Allstate is giving back 15% on the premiums paid by their customers in April and May. American Family announced that they will provide a one-time $50 payment for each vehicle insured at them.
  • Policyholders are checking different methods to lower their premiums. Car insurance can be a financial burden for many drivers, especially in times of crisis. Canceling car insurance completely is not a solution for drivers unless they plan to give up on their cars. There are other ways to keep the costs of insurance under control. First, drivers can raise their deductibles to lower their monthly premiums. It should be noted that by raising the deductible, the drivers risk paying more money from their pockets if they are at-fault in an accident. Lowering the liability limits can also help drivers save money on their insurance. Another great money-saving method is switching the insurance to a pay-per-mile plan. Usage-based insurance relies on driving data to determine how much drivers have to pay for their coverage.
  • Car insurance premiums are likely to be more expensive in the near future. Insurance providers collect billions of dollars that are not just waiting to be paid out in claims but are also being invested. Insurance companies make real money from their investments. Unfortunately, the investment world is currently tanking and the only alternative left for insurance companies is to raise the premiums.
  • How insurers and policyholders handle claims has changed. Everything is going digital in the car insurance world. Many car insurance companies already have full-service apps where their customers can find whatever they need from filing a claim, or the possibility to submit photos of a damaged vehicle.
  • No one is left alone to deal with this crisis. Many drivers are currently struggling to pay their premiums. To assist them during these tough times, many insurers have already created special programs of assistance.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Connecticut Health Care Providers Seek Innovative Captive Solutions for Business Interruption Coverage


“We are very busy speaking daily with captive owners about how they can use their captives’ existing surplus to augment property coverage availability.” Michael Maglaras

“As Connecticut health care facilities rise to meet the challenge of the COVID-19 epidemic in Connecticut, these health care facilities are suffering significant daily loss of revenue as they reallocate resources to dealing with the outbreak…at the expense of ambulatory and elective surgery revenue,” said captive industry veteran Michael Maglaras, Principal of Michael Maglaras & Company.

Property policies written for health care institutions frequently contain broad limitations on business interruption coverage caused by the cascading effect of dealing with the coronavirus and other losses stemming directly from disease contamination.

Maglaras added, “We are already fielding questions from our health care captive owners in Connecticut as to how they might be able to access excess surplus in their captives. We first encourage health care providers and others to determine the amount of commercial coverage for decontamination costs, communicable disease cleanup, and interruption by communicable disease,” indicated Maglaras. “But we are very busy speaking daily with captive owners about how they can use their captives’ existing surplus to augment property coverage availability.”

Andrew Mais, Commissioner of the Connecticut Insurance Department, said, “Health care facilities and other businesses in Connecticut are quickly realizing that business interruption claims caused by the COVID-19 crisis may be difficult to collect on, unless physical loss or damage to property can be substantiated.” Mais added, “We’ve determined that captive insurance companies may be able, in some cases, to play a significant role in claim recovery, depending upon the amount of the loss and the availability of a captive’s surplus.”

“Connecticut is known as an innovative captive domicile,” said Janet Grace, Program Manager of the Captive Insurance Division at the Connecticut Insurance Department. “Our department may be able to assist existing Connecticut captives with a strategy to access surplus for these types of business interruption claims. Just as importantly, and this is particularly true for tax-exempt health care providers…if your captive is located outside the United States, this may be the time to bring it to Connecticut, where you can take advantage of our ‘brain trust’ of captive innovators, who may be able to help you deal with lost revenue at this time of crisis.”

To learn more about Michael Maglaras & Company: http://www.michaelmaglaras.com.

To learn more about Connecticut captives, visit the Connecticut Insurance Department’s website at: https://portal.ct.gov/CID/Financial-Division/Captive-Insurance/Captive-Insurance-Regulation.

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Amica Insurance announces COVID-19 Auto Premium Relief Program


“I’d like to thank our policyholders for their patience as we worked through the details to put these plans into action,” DiMuccio said. “The trust you place in us to carefully manage resources is something we take very seriously.”

Amica Insurance yesterday announced its COVID-19 Auto Premium Relief Program, which will provide auto customers insured as of April 1, 2020, a 20% credit on their auto premiums for April and May, pending regulatory approval.

“As our nation continues to band together in an effort to curb the spread of COVID-19, we know that many aspects of everyday life have changed significantly,” said Amica Chairman, President and CEO Robert A. DiMuccio. “One that most of us have in common is that we’re sheltering in place and driving less than we did before.”

For more information on the program, please visit Amica’s COVID-19 Resources page.

In late March, Amica offered leniency to customers who are unable to pay premiums as a result of COVID-19. It also stopped cancelations and non-renewals of policies. These measures will remain in effect through June 2, 2020.

“I’d like to thank our policyholders for their patience as we worked through the details to put these plans into action,” DiMuccio said. “The trust you place in us to carefully manage resources is something we take very seriously.”

About Amica Insurance

Amica is the longest-standing mutual insurer of automobiles in the U.S. A direct writer, Amica also offers home, life, marine and umbrella insurance, as well as annuities.

Founded on the principles of outstanding service, Amica creates peace of mind and builds enduring relationships with its customers. That mission is shared and supported by thousands of employees across the country.

Amica.com

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React LLC Hires Veteran NFL Executive as Commissioner of Sports, as React Prepares to Adrenalize Replay Games


Matt Birk, React LLC’s new Commissioner of Sports

“The missing piece in sports advertising has always been how to engage people with both the games and the advertising partners,” Birk said. “Super Squares® addresses these challenges for live and even repeat broadcasts and ePro games.”

With live sports around the world on hold, and billions of dollars in potential sports advertising waiting, one advertising technology start-up is hiring legendary sports business talent and is building new ways to engage audiences sitting bored at home.

This week, React LLC (“React”), the creator of sports engagement game Super Squares®, announced the hiring of Matt Birk, former NFL Director of Football Development, Harvard University lineman, and player with the Minnesota Vikings and Baltimore Ravens. Birk will serve as Commissioner of Sports, overseeing React’s outreach and negotiations with leagues and networks in North America. He will also provide React’s fan engagement teams with expertise drawn from Birk’s recent foray into eSports and related video gaming culture. (Note: The ePro Sports moniker relates to traditional sports played via video games.)

The multi-patented Super Squares app was already poised to support football and hockey in 2020, but React is now exploring adding basketball, baseball, racing and soccer on an expedited basis. Recently awarded U.S. and pending international patents also allow for a skill-based “fantasy” version, in the works for late 2020.

Super Squares® is positioned as a “modern twist” on the popular “squares” or “box” games played by tens of millions of fans during mass viewing events like the Super Bowl®. The live, free-to-play score-matching quiz show enables millions of fans to sync to real time sports broadcasts of all types (even replays and eSport versions) and awards cash and prizes ranging from gift cards to new cars. During breaks in real-time broadcasts of any kind, Super Squares players earn points for successfully answering questions about both the game and the commercials that play on their smart phones (or TV, when integrated with broadcasters). Players earn bonus points when their “Super Square” – a set of four score combinations – match one or both team’s stats at the end of a period of play.

“Live sports were already in the middle of immense disruption before this virus, with the proliferation of second screens, streaming services, sports betting, the popularity of eSports, and more,” said Frank Maggio, Chief Executive Officer of React LLC. “Amid these quarantines, it’s more important than ever to provide solutions that immediately help the leagues and brands, and to build new ways for networks to engage fans. Our current and upcoming free and wagering apps inject much-needed adrenaline back into sports, and rewards fans for being immersed in real-time sports – and that includes repeat games.”

Maggio said Birk’s experience as both a player and NFL executive makes him the absolute best person to be the company’s first Commissioner, and to help reactivate fans everywhere. Birk’s most recent experience extends across the markets of video gaming, celebrity, and pop culture. “The missing piece in sports advertising has always been how to engage people with both the games and the advertising partners. Lots of fans get distracted during commercial breaks or when they fast-forward a recorded game,” Birk said. “Super Squares® addresses these challenges for live and even repeat broadcasts and ePro games. I believe the leagues and sports networks will embrace React’s vision and real-time engagement now, more than ever. The future of sports technology and gaming is yet to be written, and with what I know is coming next, we have the platform and IP to set tomorrow’s standards.”

React ran successful Tampa Bay beta tests of the Super Squares platform in 2018, and developed Version 2.0 for hosting on the Google Cloud Platform. The app scales to over 5 million simultaneous players. Privately held, React is now completing its third round of fundraising to expand and market the platform to sports leagues, advertising brands, and fans. In the coming weeks and months, React will be announcing a series of new products, and new hires from across the sports and entertainment industries.

About React

Founded by adtech and media measurement maverick Frank Maggio, React LLC is an experiential advertising technology and entertainment company that thinks of “advertising as a sport™.” By adrenalizing advertising™, React excites audiences with rewarding, branded two-screen experiences during the most viewed and attended sporting and media events in the world. Super Squares® is React’s first reactive product to exploit its multi-patent and trademark IP portfolio. The company’s commitment to “respect, protect, and reward consumers when they pay attention” honors user privacy by never selling or sharing personally identifiable information. Details about React can be found at http://www.react.net, and information on the Super Squares app and upcoming events are available at http://www.SuperSquares.com.

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Mercury Insurance Announces 15% Customer Giveback Program


For nearly 60 years, Mercury has provided best-in-class protection at an affordable price. And during these uncertain times we’re going even further by giving back more than $65 million to our customers.

Recognizing that the COVID-19 crisis has altered driving patterns, resulting in fewer accidents and claims, Mercury Insurance today announced the company would be giving back 15% of monthly auto insurance premiums to customers in April and May. Subject to regulatory approval, the company will automatically credit customers’ accounts, providing much needed relief during this time. The Mercury Giveback program applies to personal auto policyholders in the 11 states in which they operate.

“We want our customers to know we’ve got their back,” said Mercury Insurance President and CEO, Gabriel Tirador. “For nearly 60 years, Mercury has provided best-in-class protection at an affordable price. And during these uncertain times we’re going even further by giving back more than $65 million to our customers.”

The Mercury Giveback Program is the latest step taken by Mercury to provide relief for policyholders who are impacted financially by the COVID-19 pandemic. To learn more about the company’s response to COVID-19, please visit http://www.mercuryinsurance.com.

ABOUT MERCURY INSURANCE

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit http://www.mercuryinsurance.com or Facebook.com/MercuryInsurance and follow the company on Twitter.

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City of Peekskill Welcomes New Economic Development Specialist and Executive Director of the Peekskill IDA


Matthew Rudikoff, Economic Development Specialist for the City of Peekskill and Executive Director of the Peekskill Industrial Development Agency (Photo Credit: Joan Heffler Photography)

Peekskill’s a happening place and my goal is to work with all the existing stakeholders that have made Peekskill’s recent dramatic progress possible – while paving the way for an even stronger, future resilient and sustainable economic community in which the whole population benefits.

The City of Peekskill announces the appointment of Matthew D. Rudikoff to lead Peekskill’s Office of Economic Development within the City Planning Department. Rudikoff was also named Executive Director of the Peekskill Industrial Development Agency (PIDA). The mission of the dual position is to leverage public and private resources to strengthen, stabilize and expand the City’s economy: businesses, nonprofit organizations and the workforce.

“Peekskill’s a happening place and my goal is to work with all the existing stakeholders that have made Peekskill’s recent dramatic progress possible – while paving the way for an even stronger, future resilient and sustainable economic community in which the whole population benefits,” Rudikoff stated.

Prior to the City of Peekskill, Matthew Rudikoff spent more than two decades as president of MDRA, Inc., a highly regarded regional economic development, planning and environmental consulting firm working for a diverse group of public, private and nonprofit clients. He also served as Development Director for the City of Poughkeepsie as well as Federal / State Liaison Officer for the New York City Model Cities administration.

“Matthew is going to be a great asset to our city,” said Peekskill Mayor Andre Rainey. “In such a short time, I can already sense he’s very energetic, motivated and looking for ways to develop new strategies to support our business community. He certainly has excellent customer service skills, a high level of organization, great communication, and is a proactive thinker. I look forward to the years to come working with him.”

The two most immediate goals for Rudikoff: one, protect and advance Peekskill’s economy and citizens to weather the COVID19 contagion and two, for the 2020 Census to document Peekskill’s phenomenal growth as a diverse and sustainable community – achieving a City population of over 25,000.

“I urge everyone to follow COVID social distancing and other directives to minimize the virus’ spread and damage to citizens, families and our economy. On a far more positive note, please respond to the 2020 Census – either online, by phone, or by mail. An accurate count is crucial for securing federal funding for infrastructure, parks and other important programs. Be active – respond to the Census and help spread the word – not spread the virus!”

“The Peekskill Industrial Development Agency is pleased to welcome Matthew as our new Executive Director,” said Deborah Post, Chairperson of PIDA. “He has already proven to be a great asset as we work to utilize the Agency’s economic development tools to aid Peekskill through the Coronavirus pandemic and future growth.”

Rudikoff was the founding chairman of the Dutchess County Hospitality Industry Council, staff director of the Poughkeepsie Partnership and chairman of its BID Formation Committee, member of the Beacon Economic Development Task Force, Conference Committee Co-Chairman, Mid-Hudson Patterns for Progress, staff director of the Poughkeepsie Overall Economic Development Plan Committee and frequent presenter and panelist at many planning and economic development conferences. Rudikoff is currently a member of the Ulster County Planning Board.

“The Peekskill Business Improvement District will continue working with Matthew as we all come together to focus on the City of Peekskill’s fiscal recovery once this health and economic emergency subsides,” said Brian Fassett, President of the Peekskill BID. “With our stronger and renewed sense of community, we can help Peekskill recover through smart, sustainable development while still preserving our existing businesses and our wealth of environmental, historical and artistic assets.”

“Having an Economic Development Specialist in place is so important as Peekskill navigates these uncharted waters,” said Deb Milone, President of the Hudson Valley Gateway Chamber of Commerce. “We are working together through this crisis and, as recovery takes place, we look forward to bringing new business and development to Peekskill.”

The aim of the City of Peekskill Economic Development Office is to help consolidate and stabilize the City’s recent growth, noted Rudikoff. “This means new partnerships, completing pending projects, connecting the downtown and waterfront, and creating ‘new-economy’ employment opportunities weaving-in arts, media and tech. We’re committed to fostering a local economy ‘new-venture’ entrepreneurial atmosphere – growing Peekskill’s destination power, business diversity and market strengths.”

Rudikoff continued, “The next generation of Peekskill’s new projects will build on that solid base – being even more sustainable, job generating and successful; linking government services and strengthening the local economy for the benefit of everyone in Peekskill – its businesses, agencies, visitors and future residents.”

Rudikoff holds a Bachelor of Science in Economics from SUNY New Paltz and a Masters in City and Regional Planning from Rutgers University.

The City of Peekskill is located at 840 Main Street in Peekskill, N.Y., and can be reached at 914-737-3400 or by visiting http://www.cityofpeekskill.com.

About the City of Peekskill

The City of Peekskill is a thriving, historic community located on the banks of the Hudson River. Just under one hour north of New York City, Peekskill is culturally and economically vibrant with abundant natural resources due to its location on the river and at the gateway to the Hudson Highlands. The waterfront, with over three miles of continuous parkland, is a regional destination with a variety of active and passive recreation, as well as breathtaking views of the Hudson River. While Peekskill’s waterfront parks, walking trails and dog park remain open during the coronavirus pandemic, guidelines for social distancing are enforced. The downtown area features an array of dining establishments currently offering take out, curbside pickup or delivery. The City recently passed a local ordinance allowing for free 15 minute parking in front of restaurants exclusively for the pick up of food and beverages. Home to a growing arts community, Peekskill is also a hub for new-generation technology and multimedia. For more information, visit http://www.cityofpeekskill.com.

Gary Jones Receives Supply & Demand Chain Executive 2020 Pros to Know Award


Gary Jones

Gary Jones

River Rock Advisors is pleased to announce that founding partner Gary Jones has received a 2020 Pros to Know award from Supply & Demand Chain Executive magazine, a publication for leadership at manufacturing and non-manufacturing organizations covering a variety of supply chain operations topics and events.

Now in its 20th year of recognizing supply chain executives as well as manufacturing and non-manufacturing enterprises for their leadership and excellence, the Pros to Know awards are provided to those who have led initiatives to prepare their organizations’ supply chains for the increasingly complex challenges of today’s business climate. Supply & Demand Chain Executive received more than 500 entries for this year’s awards.

“The supply chain profession is ever-changing, with transformative technologies and evolutionary best practices driving greater efficiencies and innovations for companies,” said John R. Yuva, editor-in-chief for Supply & Demand Chain Executive. “At the heart of it all are supply chain professionals. Supply & Demand Chain Executive congratulates the 2020 Pros to Know recipients who are setting the bar for supply chain excellence.”

“I’m honored to receive this award from Supply & Demand Chain Executive,” Jones said. “The entire River Rock Advisors team makes it a point to remain ahead of the curve when it comes to supply chain and inventory management strategy, and this award is a testament to their hard work and dedication to helping our clients remain competitive and strong despite any challenges that arise.”

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit them at http://www.SDCExec.com.

About River Rock Advisors

River Rock Advisors is a leading value chain management firm that partners with manufacturing and distribution organizations worldwide to develop and implement solutions with a specific focus on cross-functional whitespace challenges. Its analytical approach considers industry- and process-specific metrics to help client leadership teams make data-driven decisions and navigate change effectively. To learn more, visit http://www.riverrockadvisors.com.

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The General® Introduces a Partnership with the Boys and Girls Clubs of Middle Tennessee to Help Launch Great Futures


The General®, a national car insurance company, is pleased to announce a recent partnership with the Boys and Girls Clubs of Middle Tennessee (BGCMT) that encourages and helps enable youth to reach their full potential. The forward-thinking program, aptly named Road to Success, has already held a series of community events that included an inspirational Day of Fun with the General, group goal-setting and interactive vision board workshops, and one-on-one sessions with program ambassador, iHeartMedia’s leading country radio host and TV personality Bobby Bones.

“With the Road to Success program, The General hopes to inspire the kids at the Boys and Girls Club to achieve their dreams, and also give them tools to help achieve them,” says Elicia Azali, Chief Administrative Officer (CAO). She further explains how ongoing dedication by The General to the Boys and Girls Clubs’ youth is what makes this particular program so successful – a growing partnership, rather than an occasional corporate volunteer day.

The Boys and Girls Clubs of Middle Tennessee is one of many community organizations with which The General has developed ongoing partnerships. The company is also working with colleges and foundations to build strong communities and increase access to opportunities for their customers and beyond.

To learn more about Road to Success, please visit https://www.thegeneral.com/roadtosuccess/.

To explore opportunities and make a donation to BGCMT, see https://bgcmt.org/.

For information on obtaining insurance through The General, go to https://www.thegeneral.com/.

About The General

The General Automobile Insurance Services, Inc. (The General®) is a licensed insurance agency and subsidiary of PGC Holdings Corp. (PGC), which is wholly owned by American Family Mutual Insurance Company. Through its insurance company subsidiaries and their predecessors, PGC has been writing automobile insurance since 1963. Visit http://www.thegeneral.com and follow us on social.

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Payroc Appoints Paul Vienneau as Chief Technology Officer


Payroc, a high-growth merchant acquirer, processor and payment facilitation powerhouse

“We are very excited to have Paul leading all our technology and innovation initiatives,” said Jim Oberman, CEO of Payroc. “He comes to Payroc with a treasure of experience and success in payments.”

Payroc announced today that Paul Vienneau has joined Payroc LLC as Chief Technology Officer (CTO). Vienneau joins Payroc after serving at TSYS as CTO of Merchant Solutions, with the successful acquisition and integration of Cayan, where he served as CTO since 2012.

A long time tech expert, and a force in the fintech world for almost a decade, Vienneau previously held various tech leadership positions at Invensys, NxStep Technologies, and NaviNet, He also has experience in mergers and acquisitions within his previous roles, and is skilled in how to adapt and handle the transitional processes for these events.

“We are very excited to have Paul leading all our technology and innovation initiatives,” said Jim Oberman, CEO of Payroc. “He comes to Payroc with a treasure of experience and success in payments,” Oberman added. “Moreover, his people and leadership skills are unique and outstanding, and we are blessed to have him”.

Bringing over 20 years of experience leading technology operations, Vienneau will oversee Payroc’s technical environment and set a meaningful technology strategy to achieve Payroc’s goals, analyzing consumer needs, current market trends, and potential partnerships, as well as driving the product and business-planning process throughout cross-functional teams in the company.

“Payroc is on a promising glide path towards disrupting the payments space, and I feel confident that my experiences and lessons learned, coupled with those of our amazing team members, position us for success,” said Vienneau. “With the rapid evolution and innovation driving payments today, I can think of no better group of individuals who are best poised to tackle the opportunities ahead.”

About Payroc

Payroc is a high-growth merchant acquirer, processor and payment facilitation powerhouse operating in 46 countries, processing $23 billion in annual charge volume for more than 55,000 merchants. The company offers best-in-class sales enablement and merchant processing technology on a global basis, delivering proprietary, innovative and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations.

Payroc, through its affiliate companies Payroc LLC, Payscape, NXGEN and Winterland, a Canadian Payroc subsidiary, is a registered Visa third party processor (TPP), Mastercard third party servicer (TPSV) and a registered independent sales organization and merchant services provider (ISO/MSP), payment facilitator and encryption support organization for Fifth Third Bank, an Ohio-chartered bank, Cincinnati, Ohio. The company is also a registered ISO/MSP for Wells Fargo Bank, N.A. (“Wells”), Concord, Calif., and is an Elavon payments partner and registered as an ISO/MSP of Elavon, Inc., Ga., a wholly-owned subsidiary of U.S. Bank Minneapolis. The company’s Canadian business unit is a registered ISO/MSP of Wells and Peoples Trust Company, Vancouver, Canada. For more information, please visit payroc.com or telephone 844-PAYROC-4.

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