RenovITe Technologies Inc, a Fremont CA-based disruptor in the payment solutions space, has acquired a UK-based payments consulting company, Q-ATM Ltd.
The addition of Q-ATM’s consulting capability will complement RenovITe’s innovative payments products and professional services capabilities, and will increase its ability to deliver its 21st century payments solutions to financial institutions, processors and retailers.
Jim Tomaney, formerly Managing Director at Q-ATM Ltd, will join the RenovITe executive team as Chief Operating Officer. Jim’s 30-year career in payments solutions includes senior roles with ACI Worldwide, Barclays Bank, Wincor Nixdorf and FIS, as well as consulting engagements with First Data, Clear2Pay and FSS Technologies.
Jim joins other recent appointees in key roles aimed at delivering growth across the RenovITe business.
Matt Scott has been appointed Chief Technology Officer and will oversee the development of the company’s integrated suite of payments processing solutions. Matt’s product experience ranges from card management and settlement to acquiring, ATM and fraud detection, with companies including NCR, ACI Worldwide, Wincor Nixdorf and Barclaycard.
The global sales team has been expanded with the addition of key resources in the USA and UAE.
Issa Keshek will lead Middle East & Africa sales activity. Issa’s previous successes in leading MEA market entry for Level Four Software and Clear2Pay (now FIS), and with CR2 and NCR, will be a major asset for RenovITe in the region.
Mark Simerly will lead US & Canada sales efforts. Mark’s knowledge across payments acquisition technologies and his experience with ACI Worldwide and Paragon Application Systems will be key to RenovITe's expansion in the North American markets.
The expanded team will work alongside Damo Sampathkumar, GM APAC region. Damo has delivered payments projects across North America, Europe, Africa, Asia and Australia, for RenovITe and for organisations including Logica (now CGI) and FSS Technologies.
RenovITe CEO, Viren Rana, commented, “this acquisition and these senior appointments position RenovITe to grow rapidly, and to successfully deliver its innovative payments solutions to its clients across the globe. Legacy payments infrastructures are struggling to remain relevant in the face of increasing competition from FinTech entrants. RenovITe's 21st century solutions enable organisations to refresh their legacy platforms and to compete with new entrants on a level playing field.”
Contributed | what does this mean?