Former Microsoft executive Paul Maritz has acquired an undisclosed equity interest in electronic funds transfer (EFT) software company Mosaic Software. He joins the board of directors with immediate effect.
Maritz (46) retired last year after 14 years at Microsoft. In his role as group vice president of the platforms strategy and developer group, Maritz managed large parts of Microsoft's product development efforts, including Office, Databases, Tools, and all versions of Windows.
Before joining Microsoft, Maritz worked for Intel Corporation for five years, where he was responsible for the marketing and development of tools to help create software for use with Intel microprocessors.
Mosaic provides software for consumer-generated electronic transactions, including Web-enabled ATM and prepay software. The company is held by GE Equity and Comparex Holdings, and Mosaic Software management.