Pipeline Data Appoints New Chief Financial Officer, Executive Vice President
May 7, 2009 3:15:00 PM
Copyright Business Wire 2009
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View Additional ProfilesALPHARETTA, Ga.--(BUSINESS WIRE)-- Pipeline Data Inc. (OTCBB:PPDA) - Randy McCoy, President and CEO of Pipeline Data, today announced that Chris Anderson has joined the company as its Executive Vice President and Chief Financial Officer. In his role, Anderson will be responsible for all of the company's financial and administrative operations, including Finance, Accounting, Treasury, Tax, Human Resources, and Investor Relations.
Anderson joins Pipeline from CheckFree where he was an integral part of McCoy's Executive Management Team for the Software Division, during which time the division experienced a period of unprecedented international expansion, and revenue and margin growth. In December 2007, Fiserv acquired CheckFree, and Anderson was appointed President of Fiserv - Cash and Logistics, a software division focused on providing cash supply chain solutions to the international banking sector. During his tenure, Anderson inaugurated an ambitious cross-enterprise strategic initiative designed to install and maintain Fiserv Cash & Logistics as the undisputed leader in its space. Under Anderson's leadership, the division significantly enhanced sales growth, and profit margins achieved an all time high.
Having spent his career working in the technology industry, Anderson has focused his professional experience on start-ups and emerging market companies in the software and technology industry. Before joining CheckFree/Fiserv in 2005, Anderson served seven years as Chief Financial Officer for London Bridge Group of North America, Inc., a global software company which later was acquired by Fair Isaac Corporation. Anderson's key responsibilities included leading daily operations, finance, human resources and administration, as well having direct responsibility for the execution and integration of numerous acquisitions in the U.S. Anderson's background also includes working for various private companies, as well as working for Arthur Andersen and Deloitte & Touche in their audit, tax, and management consulting practices, serving high growth clients in the software and technology sectors. Anderson is a Summa Cum Laude graduate in Managerial Economics from the University of California and is a Certified Public Accountant. Anderson and his family reside in Atlanta, Georgia.
"I am pleased to welcome Chris Anderson as our new CFO and look forward to working with him once again. His background and experience will be critical in helping Pipeline achieve its strategic growth," Mr. McCoy commented.
About Pipeline Data:
Pipeline Data Inc. provides value-added credit card transaction processing services for merchants in three key areas: wireless mobile payment, e-commerce solutions and retail merchant payment.
Safe Harbor Statement:
The information provided for in this Press Release contains forward-looking statements that involve risks and uncertainties more fully set forth in the Company's filing. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to uncertainties that could affect performance and results of the Company in the future and, accordingly, such performance and results may materially differ from those expressed or implied in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to those relating to the Company's growth strategy, customer concentration, outstanding indebtedness, seasonality, expansion and other activities of competitors, changes in federal or state laws and the administration of such laws, protection of the securities markets and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Statements made in this Press Release that are not historical facts are forward-looking statements that are subject to the "safe harbor" created by the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ significantly from those discussed and/or implied herein.
Source: Pipeline Data Inc.
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Pipeline Data Inc.
Randy McCoy
CEO
678-867-6010
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