Mitek Systems, Inc. (MITK)

[Brenton]

Mitek Systems Reports CEO James DeBello Elected Chairman (NASDAQ:MITK)

March 9, 2016 by Robin Reyes in Stock -- News

Mitek Systems (NASDAQ:MITK), a purveyor of mobile capture and identity verification software, Wednesday reported CEO James B. DeBello, 57, has been elected chairman of the board.

The appointment follows the retirement and resignation of former Chairman, John M. Thornton, 83, who served Mitek for 30 years. Mitek reported DeBello has served as a director since November 1994 and as Mitek’s president and CEO since May 2003. Mitek said DeBello created and implemented the successful entry into the emerging mobile capture and ID verification markets, which has generated significant shareholder value over the last decade.

The stock increased 6.18% or $0.34 on March 8, hitting $5.84. Mitek Systems, Inc. (NASDAQ:MITK) has risen 60.88% since August 3, 2015 and is uptrending. It has outperformed by 66.54% the S&P500.

Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise customers in the Unites States. The companyÂ’s products allow users to verify the identity, remotely deposit checks, pay bills, transfer credit card balances, open accounts, and get insurance quotes by taking pictures of documents with the camera-equipped smartphones and tablets.

It offers Mobile Deposit, a software that allows users to remotely deposit a check using their camera-equipped smartphones or tablets; Mobile Verify, which helps in preventing the use of forged, tampered, or fake licenses; and Mobile Fill, a mobile identity capture solution that enables the mobile customer to use their camera as a keyboard for data pre-filling of various forms requiring personal data. Mitek Systems, Inc. also provides software maintenance and support services. The company markets and sells Mobile Deposit product through channel partners in the financial services industry; and other mobile capture solutions, which include Mobile Fill and Mobile Verify primarily to enterprise customers in the financial services, m-commerce, telecom, and healthcare markets. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.


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Source: http://sonoranweeklyreview.com/mitek-systems-reports-ceo-james-debello-elected-chairman-nasdaqmitk