With the growing popularity of mobile devices and digital download purchases, a segment ideally suited to a low-cost, real-time payment platform like Mazooma, we’re poised to move ahead in this area.
(PRWEB) May 31, 2011
Mazooma Inc. is pleased to announce the appointment of Wilson Lee as the company’s President.
Wilson has more than 20 years’ experience in finance, operations, M&A and capital markets, having worked as an Investment Banker, Venture Capitalist, and senior executive at a variety of companies, from start-up ventures to more established firms.
His varied background includes work as a COO and CFO, building, growing and managing high-growth technology companies such as Cavet Technologies, Fortiva (acquired by Proofpoint), Borderware Technologies (acquired by Watchguard), ActivPlant (acquired by CDC Software), and FloNetwork (acquired by DoubleClick), and raising over $80 million in venture capital investments for these firms.
While CFO of FloNetwork, Wilson helped drive the company’s growth from start-up to a staff of 270, facilitated the creation of the company’s SaaS-based business strategy, and actively participated in its successful acquisition by DoubleClick. As CFO of Fortiva, Wilson worked extensively with Pagemill Partners, a Palo Alto-based investment bank retained by Fortiva, in an M&A process culminating in the acquisition of Fortiva by Proofpoint. Subsequent to this acquisition, Wilson joined Pagemill Partners where he provided investment banking advisory services to mid-market technology companies in Canada.
“I’m looking forward to working with Mazooma, especially given recent developments and innovations in the online payments sector,” said Wilson. “With the growing popularity of mobile devices and digital download purchases, a segment ideally suited to a low-cost, real-time payment platform like Mazooma, we’re poised to move ahead in this area.”
Wilson has served as an Entrepreneur in Residence at Ventures West, one of Canada’s largest venture capital companies with $700 million in assets under management. He began his career with Arthur Andersen and spent seven years with the firm providing assurance and business advisory services to clients in a variety of sectors, including high tech, manufacturing and retail.
Wilson is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Toronto.
Mazooma is the leading provider of real-time, cash-based payment solutions for e-commerce. Its patented payment system combines the security of online banking with the speed of a simple checkout process. By connecting consumers directly to their online banking from the merchant’s checkout page, Mazooma enables safe, instant cash payments for online purchases. Serving the 72.5 million American households that actively use online banking, Mazooma currently supports 75% of all consumer bank accounts in the U.S. The company was launched in 2009 and has offices in Toronto, Miami, New York, and Chicago. For more information, visit http://www.mazooma.com.