Bellevue, WA — 3/27/2003 Fidesic Corporation, the leading
provider of receivables and payables process automation for the
mid-market, today announced the appointment of Jon Matsuo as chief
executive officer. In this visionary role, Matsuo assumes full
management responsibility for all aspects of the business. Matsuo also
serves on the company's board of directors.
Matsuo brings more than 20 years experience in technology industry
leadership, with a specialization in helping companies identify and
develop high-growth software market segments. Before joining Fidesic,
Matsuo held several senior-level positions including: president of
Concur Technologies (NASDAQ: CNQR), the world's leading provider of
corporate expense management solutions; general manager of Delrina
Corporation, the leading fax, workflow/forms and content management
company, which was acquired by Symantec; and VP of marketing for
Contact Software International, the makers of ACT!, also acquired by
Symantec.
Matsuo has also served on the board of directors and advisory boards
for several technology and service companies, including Layer 7
Technologies, Radielle, eTunnels Inc., Detto Technologies and Aimeo
Corporation.
"Jon has a successful track record of building market leaders in new
software segments," said Tony Audino, Voyager Capital partner and
Fidesic chairman of the board. "We're thrilled to have him at the helm
as Fidesic is poised to capture the emerging receivables and payables
process automation marketplace in small to mid-size businesses."
"I am pleased to lead an organization with such tremendous
potential. Fidesic is in the unique position of offering a robust
solution for a well-known problem in a market that is on the verge of
exploding," said Matsuo. "I'm looking forward to leading the team
through this critical market expansion stage."
About Fidesic Corporation
Fidesic, headquartered in Bellevue, WA, is the leading provider of
payables, expense reporting, receivables and payment financial process automation for the
mid-market. Fidesic seamlessly integrates with financial systems to
automate all aspects of the day-to-day payables, receivables and
payment processes, including invoice receipt and generation, approval,
and paper, credit card and electronic payment. Fidesic's real-time
solution, which involves all appropriate parties to the process,
enhances and streamlines the employee and customer/vendor experience.
Using Fidesic, businesses reduce costs, improve customer service and
vendor relations, increase working capital, gain greater financial
visibility, make better financial decisions, and focus their employees.
Fidesic was designated a "Best of the Web" service in the leading
financial industry publication, Online Banking Report.
For more information on the company and its products and services, call
866-572-9669 or visit the Web site at www.fidesic.com.