OPERATIONS

SecureNet opens new tech center in Austin; also expanding to Silicon Valley

BY Staff Writer

Austin, Texas — SecureNet Payment Systems, a leader in payment processing technology, announced it has opened a new technology and innovation center in Austin, Texas, and revealed plans for a client operations center in Silicon Valley, Calif., later this year. SecureNet is expanding its footprint to house its growing staff, attract top talent and continue its close collaboration with clients in providing the most innovative single source/multi-channel solutions in the payments industry.

Servicing more than 14,000 merchants and $12 billion in annual processing volume, the rapidly growing company plans to hire as many as 200 new employees within the next 12 months. The planned expansion will triple the size of SecureNet’s workforce that will support the company’s growing operations, technology focus and business development efforts over the next year. The expansion into Austin and prospectively Silicon Valley further supports SecureNet’s commitment to being the preferred all-in-one payment management solution for merchants, resellers and financial institutions of all sizes.

“Austin and Silicon Valley are a perfect fit for SecureNet’s future as they are home to top technology talent, are both renowned entrepreneurial centers situated near some existing clients as well as prospects; and move us closer toward being a dominant player in the payment technology market,” said Brent Warrington, CEO of SecureNet.

“SecureNet’s recent success in attracting top talent and accelerating its technology and market advancements is a reflection of Brent’s outstanding leadership of the company,” said Shoshana Vernick, principal at Sterling Partners, the Chicago-based private equity firm that recently led an additional $18 million growth equity investment in SecureNet. “We are pleased to have reaffirmed our commitment to SecureNet and believe their geographic expansion announced today is a significant step forward in tackling this large addressable market’s need for simplification of electronic payments.”

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OPERATIONS

Aisle411 acquires WILocator Indoor Location Positioning Technologies

BY Staff Writer

Palo Alto, Calif. – Aisle411, a mobile retail navigation service, announced the acquisition of WiLocate’s technology assets to provide precise indoor positioning information, expanding Aisle411’s in-store search and navigation offering. As part of the deal, Aisle411 has also acquired multiple patents pending.

With WiLocate’s easily scalable positioning solution, Aisle411 can now deliver accurate user location data to mobile devices, including Android and iOS devices, on top of its established and growing indoor map and search solution.

“Mobile technology is drastically transforming the in-store experience as retailers look to engage shoppers in new and innovative ways,” said Nathan Pettyjohn, CEO of Aisle411. “While we believe a hybrid of technologies will come together to deliver an optimal indoor navigation solution, this new technology adds to the growing portfolio of positioning technology, in-store search and indoor map solutions aisle411 provides.”

“Aisle411’s indoor location positioning technology is a hybrid software-only solution that complements existing and emerging Wi-Fi, Bluetooth and sensor based solutions,” said Kris Kolodziej, VP location services at aisle411. “The addition of these innovative technologies will provide an unparalleled in-store shopping experience for our retail partners and their shoppers.”

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News

Staples names new general counsel

BY CSA STAFF

FRAMINGHAM, Mass. — Staples has named Michael Williams as SVP, general counsel and secretary, effective Nov 7. Williams will have global management responsibility for the company’s legal team and will report to Ron Sargent, Staples’ chairman and chief executive officer.

“Mike brings more than 25 years of legal management experience to Staples,” Sargent said. “With his proven leadership and experience across industries, he will play an important role in supporting the company’s growth.”

Williams joins Staples from Sony Electronics Inc., where he was EVP, general counsel and secretary with responsibility for legal operations of several professional and consumer electronics companies in the U.S., Central America and South America. Prior to joining Sony, he was a partner at the law firm of Heller Ehrman, where he represented Fortune 100 companies. Previously, he was a partner at the law firm of Andrews Kurth. Williams also served as an officer in the U.S. Marine Corps. He holds a J.D. from University of San Diego.

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