US Dataworks (Amex: UDW), a leading provider of enterprise payments solutions, today announced the recent hiring of Michael J. Dignen as the Company's Senior Vice President, Sales and Business Development.
In this capacity, Mr. Dignen, a 25-year veteran of the financial services industry, will be responsible for driving the Company's revenue growth strategies in new and existing markets. This newly created position will report directly to Mario Villarreal, the Company's President and Chief Operating Officer.
This move is part of the Company's commitment to revenue growth. Mr. Dignen will be responsible for advancing the company's sales and visibility in new and existing markets, leveraging its leadership in enterprise payments solutions, an area in which the Company anticipates future growth as institutions and billers combine check and ACH processing. Mr. Dignen is widely recognized as one of the industry thought leaders in the lockbox processing, receivables automation and corporate treasury management arenas.
Commenting on this development, Mr. Villarreal stated, "Today's announcement intensifies our focus on our core businesses and positions us to accelerate our growth and leadership as we execute on our market initiatives. US Dataworks will continue to invest in its people and its infrastructure as we collaborate with our customers to face and exceed the challenges of the emerging payments landscape."
Mr. Villarreal added, "We believe that Mike's outstanding sales track record, payments expertise and commitment to customer success will help us accelerate our strong momentum in the enterprise payments market and take US Dataworks to the next level of growth and profitability."
Prior to joining the Company, Mr. Dignen served as the Senior Vice President, National Account Management at Metavante Corporation, where he led the sales efforts of its VICOR business unit, a part of Metavante Image Solutions. During his tenure at VICOR, Mr. Dignen was instrumental in driving significant annual revenue growth and establishing VICOR as the leader in solutions for optimized complex payments processing. Prior to his time at VICOR, Mr. Dignen held various senior management positions for CoreStates Financial Corporation.
Mr. Dignen commented, "I am excited to be working at US Dataworks because what others in the industry are trying to do, US Dataworks has accomplished; that is having an integrated enterprise platform in production today. It is clear that every financial institution in the United States should evaluate Clearingworks as their enterprise payments platform in order to enjoy the business case benefits of an integrated payments solution. We also intend to establish Clearingworks in new market segments to further the growth, need and demand of our solution in those respective areas."