Boca Raton, FL (PRWEB) March 18, 2014
Boca Raton-based Payventures, an industry leader in payment services and acquiring services, has appointed David Sitomer as their new Chief Development Officer. Sitomer comes to Payventures with over 18 years of experience in the field of corporate development, where he forged connections and managed transactions with a variety of companies in telecommunications, payment services, and technology.
In recent executive roles, including Verisign, Illuminet and his most recent position at 3Cinteractive, Sitomer played a key role in the internal development of the company. He guided organization issues, financial reporting, technology and product direction, as well as partnerships and acquisitions. Sitomer was also an interface for investors, investment bankers, private equity funds and other strategic partners.
“Dave is a great telecommunications and technology expert. At Verisign, he drove the acquisition of Jamba in Europe with great professionalism and determination. He is a high class executive with global bandwidth,” said Andreas Thuemmler, Managing Director, Founder & CEO at Corporate Finance Partners CFP Beratungs-GmbH.
Owing to his expertise in the field, Sitomer will oversee and initiate Payventures’s future acquisitions and partnerships. Additionally, Sitomer will assist the board with a pending public listing and fundraising activities.
Sitomer commented, “I welcome the opportunity to join the Payventures team and look forward to meeting the challenges as Payventures expands its suite of service offerings, increases its international footprint and adds new members to the team.”
“We see growth opportunities in the market as equal parts organic and acquisitive,” said Jeff Foster, CEO of Payventures. “We are very fortunate to have someone with Dave’s knowledge, talent and experience joining the team. He is one of those rare individuals who can add considerable value on both sides of the business.”
Founded in 2007, Payventures specializes in the design and implementation of comprehensive acquiring solutions including domestic and international processing, payment gateway software and services, fraud detection and prevention, global currency conversion and alternative payment method strategies. For more information please visit http://www.payventures.com