Posera Announces Appointment of Mr. Dan Poirier as Chief Operating Officer

TORONTO, July 26, 2016 /CNW/ - Posera Ltd. (TSX : PAY) ("Posera" or the "Company"), a leading provider of software solutions for the hospitality industry, today announced that Mr. Dan Poirier has been hired by Posera as its Chief Operating Officer ("COO").

Mr. Poirier will lead the Company's global operations team and will be initially focused on expanding Posera's direct and indirect sales efforts. Mr. Poirier will also be charged with transforming the Company's sales and customer service organization ("CSO") from regional operating teams into a single, global operating platform in order to leverage operating efficiencies in-line with the Company's long-term objectives.

Mr. Poirier is an accomplished global technology business executive and brings a broad range of experience to his new role at Posera. Mr. Poirier was previously the Sr. Vice President, Networks and Devices for ORBCOMM Inc. from January, 2015 to June, 2016. Prior to that he was the Senior Vice President of Global Sales and Operations for Skywave Mobile Communications Inc. ("Skywave") (acquired by ORBCOMM Inc. January, 2015) from November, 2006 to January, 2015. Mr. Poirier held roles of increasing responsibility during his time at Skywave, ranging from operations to global business leadership and sales and marketing. Mr. Poirier holds a Bachelor of Mechanical Engineering degree and an MBA for Science and Technology both from Queen's University.

Loudon Owen, CEO and Chairman of the Company's Board of Directors commented, "I am very pleased to announce Dan's appointment as Chief Operating Officer for the Company. Posera is positioning for rapid growth and Dan brings remarkable skills and experience that will help us transform the company. Dan is a known commodity in the technology industry and we could not be more delighted to have him on the team to help steer Posera during its next stage of growth."

About POSERA

For more than 30 years, POSERA has been supporting merchant business success in the hospitality industry. POSERA is in the business of managing merchant transactions with consumers and facilitating all aspects of the payment transaction. Posera's Maitre'DTM and FingerPrintsTM Point-of-Sale solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

A TSX company trading under the symbol "PAY", POSERA's full service solutions include integrated and non-integrated debit and credit processing, EMV compliant Pay-At-The-Table ("PATT") applications, system hardware integration services, merchant staff training, system installation services, and post-sale software and hardware customer support.

Posera's POS system software solutions, associated enterprise management tools have been deployed in 25 countries and 8 different languages at over 30,000 merchant locations worldwide. POSERA's direct sales force is bolstered by a global dealership network of approximately 80 resellers which translates to approximately 500 representatives selling, supporting and installing its software and related products and services. Posera prides itself on its long and established track record of exceptional customer service and continued technological innovation. Posera's success will continue to be driven by the Company's unwavering objective to ensuring the business success of its growing base of merchant clients.

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.

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 30th,2016 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.

For further information: Kevin Mills, Chief Financial Officer, 1.416.703.6462 ext. 2203, kmills@posera.com, www.posera.com; Investor Relations Contact: Caleb Jefferies, 1.604.684.6730


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