TORONTO, Feb. 3, 2021 /CNW/ -- Quisitive Technology
Solutions Inc. ("Quisitive" or the "Company") (TSXV:
QUIS), a premier Microsoft Solutions Provider, announced that it
has engaged former Planet Payments (Nasdaq: PLPM) CEO and Chairman
of the Board Carl J. Williams and former Global Payments (NYSE:
GPN) U.S. President Edward Myers to
assist with the execution of Quisitive's LedgerPay strategy
including mergers and acquisitions ("M&A") and payments
solutions operations planning. Together they will be assisting
Quisitive executives to identify appropriate M&A targets such
as merchant portfolios and payment technology independent software
vendors ("ISVs") that have the potential to accelerate the
commercialization and growth trajectory of LedgerPay.
As the only payment processing platform solution that leverages
the Microsoft Azure cloud, Quisitive LedgerPay lets merchants
securely process payments online and in-stores and provides unique
insights into consumer behavior for brick-and-mortar retailers. The
technology behind LedgerPay was developed internally by the Company
and incorporates data collection and analytics with each payment
transaction, ultimately enabling retailers to increase revenue
while creating personalized loyalty at scale.
"Carl and Ed bring 40 years of seasoned expertise in the FinTech
and payment solutions space. Their engagement with our LedgerPay
team will be pivotal in executing on our M&A initiatives and
will help us more accurately select the optimal merchant portfolio
and/or payment technology ISVs," said Quisitive CEO Mike Reinhart. "In an industry that is dynamic
and experiencing rapid growth, such as the payment technology
space, retaining seasoned and well-respected advisors who have a
plethora of experience and knowledge is extraordinarily valuable.
We look forward to leveraging their network, expertise, and talent
as they consult with our LedgerPay unit."
Carl Williams added: "As someone
that has spent the majority of his career within the financial
services industry, I am pleased to have the opportunity to assist
the LedgerPay team under the Quisitive umbrella. LedgerPay is truly
an innovative solution with a significant amount of potential for
growth, as there is currently nothing like it in the market."
Edward Myers added: "Working with
the LedgerPay team and having the opportunity to spearhead
LedgerPay's M&A initiative alongside Carl and the company is an
exciting task. Carl and I currently help formulate strategy for a
number of companies across the financial services sector, and we
look forward to synergistically collaborating with the LedgerPay
team in executing on their M&A and payments solutions growth
strategy.
About Quisitive:
Quisitive (TSXV: QUIS) is a premier
Microsoft solutions provider that helps enterprises move, operate,
and innovate in the Microsoft cloud: Microsoft Azure, Microsoft
Dynamics, and Microsoft 365. Quisitive also provides proprietary
SaaS solutions such as emPerform™ and LedgerPay that
complement the Microsoft platform. Quisitive serves clients
globally from offices in the U.S and Canada. For more information, visit
www.Quisitive.com and follow @BeQuisitive.
About LedgerPay:
LedgerPay is a Payments IntelligenceSM platform and
data insights company that transforms everyday transaction data
into seamless customer engagement for brick-and-mortar and
ecommerce merchants. For more information, visit
www.LedgerPay.com.
Cautionary Note Regarding Forward Looking Information
Some statements in this news release contain forward-looking
information. These statements include, but are not limited to,
statements with respect to proposed activities and strategy. These
statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, among others, the ability to successfully execute the
LedgerPay strategy, additional steps needed to achieve the general
marketability and commercialization of LedgerPay, the ability to
successfully execute on the Company's corporate strategies, the
limited history of operations of the Company's LedgerPay business
and future business strategy, and other events or conditions that
may occur in the future. These forward-looking statements are based
on reasonable assumptions and estimates of management of the
Company at the time such statements were made. Actual future
results may differ materially as forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
company to materially differ from any future results, performance
or achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include those factors
described under the heading "Risks Factors" in the Company's annual
information form dated May 15, 2020
available on SEDAR. Although the forward-looking statements
contained in this news release are based upon what management of
the Company believes, or believed at the time, to be reasonable
assumptions, the Company cannot assure shareholders that actual
results will be consistent with such forward-looking statements, as
there may be other factors that cause results not to be as
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking statements and information.
There can be no assurance that forward-looking information, or the
material factors or assumptions used to develop such
forward-looking information, will prove to be accurate. The Company
does not undertake any obligations to release publicly any
revisions for updating any voluntary forward-looking statements,
except as required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release
SOURCE Quisitive