TORONTO, Oct. 11, 2018 /CNW/ - Posera
Ltd. (TSX: PAY) ("Posera" or the "Company"), a global provider of hospitality software and payment solutions, announced
that effective today, Mr. Tom McCole has been appointed Chairman of the Board of Directors.
Mr. McCole has extensive industry experience including: mergers & acquisition, software development, payment gateways,
merchant acquiring, retail/restaurant mobile POS, and aisle retail omni-commerce. Previously, as Director of Strategy and
Partnerships reporting directly to the CEO of Heartland Payments, Mr. McCole was responsible for developing the restaurant
management software acquisition rollup strategy for Heartland that led to Heartland's acquisition of several notable hospitality
point-of-sale systems such as Xpient, Digital Dining, PC America and Dinerware, and that eventually led to the sale of Heartland
to Global Payment Systems for $4.3 billion USD in 2016. Numerous other merchant acquirers, private
equity firms, and large merchant services providers have successfully emulated the Heartland point-of-sale system rollup
strategy.
Mr. McCole is the President of POSophist Inc., a POS and payments technology go-to-market business development and strategy
advisor in the United States, Canada, and Asia. Formerly,
Mr. McCole was VP of Gateway Services for Hypercom (acquired by Verifone in the United States
and Ingenico in Europe), VP of Mobile Payments for Transaction Network Services' EVP for NBS
(now known as Equinox – a Brookfield company), and the founder and CEO of Atomic Software (a
payment software and gateway service which was ultimately acquired by Verifone).
Mr. McCole has been an independent director on Posera's Board since January 2017. During that time Mr. McCole has
provided access to many senior industry executives in the industry in addition to guidance and support to Posera's management
team in its effort to build and launch SecureTablePay in the US. Mr. McCole was also the Board member on the Posera team
that led the successful divestment of the FingerPrints business.
Mr. McCole replaces Mr. Edwin Nordholm who had been appointed Interim Chairman in May
2018.
More information about Posera can be found on the company's website at www.posera.com or under the company's profile on SEDAR at www.sedar.com.
About Posera
Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with
consumers and facilitates all aspects of the business operations, kitchen management, and payment transaction.
Posera's full service solutions include: SecureTablePay®, an EMV compliant pay-at-the-table application; Maitre'D®, a point of
sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training,
system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now
available as a standalone product. Posera's solutions are deployed globally across the full spectrum of restaurants, from large
chains and independent table service restaurants to international quick service chains and its products have been translated into
eight languages.
Forward-Looking Statements
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and
uncertainties associated with our business and the environment in which the business operates. Any statements contained
herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the
expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to
the Company or its management. The forward-looking statements are not historical facts, but reflect Posera's current
expectations regarding future results or events. These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ materially from current expectations, including the matters
discussed under "Risks and Uncertainties" in the Annual Information Form to be filed on March
28th, 2018 with the regulatory authorities. Posera assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements,
unless required by law.
SOURCE Posera Ltd.
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