Paymetric Announces Gil Friedman as Company’s New Chief Finanacial Officer

December 19, 2013

Atlanta – December 19, 2013 – Paymetric, Inc, the leading provider of integrated and secure enterprise payment acceptance solutions, announced today that Gil Friedman has been appointed the company’s Chief Financial Officer. Friedman will work closely with the executive team to lead the company’s strategic financial vision.

Friedman brings more than 17 years of senior financial experience to Paymetric. Most recently, he spent five years with NexTraq, a Francisco Partners company, where he was Executive Vice President and CFO and led the sale of the company to Fleetcor Technologies in late 2013. His background also includes senior level roles with Amdocs and Polycom. Additionally, Friedman’s career experience includes a $55M IPO and eight M&A transactions ranging from $8M to $350M.

“Gil brings strong business acumen and a notable track record of results leading financial organizations with multinational, private and public technology companies,” explains Asif Ramji, CEO of Paymetric. “He is a dynamic leader with proven success in guiding organizations with transforming strategic vision into shareholders’ value. We are excited to have him on our team.”

Paymetric is the industry leader in offering a payment and data tokenization solution for enterprise customers. Its end-to-end offering combines proven expertise in payment processes with best-in-class ERP integration solutions to improve return on ePayment card acceptance, reduce barriers and scope of PCI compliance, and lower the total cost of ownership for payment processing. Most recently, Paymetric was recognized as a 2013 Red Herring Top 100 Global company. Earlier this year, the company announced a majority investment from Francisco Partners.
“It is an exciting time to join the Paymetric team. The company continues to innovate and develop new products and solutions to meet the needs of its customers and I am excited to be on board to contribute to the next phase of the company’s growth,” says Friedman.

ABOUT PAYMETRIC

Paymetric, Inc. is the leading provider of integrated and secure electronic payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric’s solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is a recognized industry leader and is a three-time award-winning SAP partner. The company has also been awarded for its innovation and growth by Red Herring, Inc. Magazine, Atlanta Business Chronicle and the Technology Association of Georgia. Visit www.paymetric.com for additional information.