Mr. Berger has served as a director of Official Payments since January 2002. Since April 2003, he has served as President and Chief Executive Officer of Nuance Communications, Inc., a publicly traded company that develops and markets speech recognition software. From December 2001 to December 2002, he was President and Chief Executive Officer of Vicinity Corporation, a publicly traded company providing location-based marketing services. Vicinity was acquired by Microsoft Corporation in December 2002. He has also served as the managing director of Volatilis, LLC, a private investment and aviation services firm, since its founding in June 2001. Prior to forming Volatilis, Mr. Berger served as Chairman and Chief Executive Officer of AdForce, Inc., an online advertising company, from July 1997 to June 2001. AdForce provided on-line advertising management and delivery services to publishers, completed an initial public offering in May 1999 and was acquired by CMGi, an Internet operating and development company, in January 2000. Previously, Mr. Berger served as Chairman and Chief Executive Officer of Radius, Inc., a maker of peripheral products for graphics and video applications, from 1993 to 1997. Prior to joining Radius, Mr. Berger was Senior Vice President for Worldwide Sales, Operations and Support at Claris Corporation, a developer of desktop-to-web information management software, from 1992 to 1993. Mr. Berger is also on the Board of Directors of Nuance Communications, Inc., Vicinity Corporation, Efficient Market Services and FreeFlyer, Inc. Mr. Berger received a B.S. from Bucknell University and an MBA from the University of Santa Clara.
Mr. Guenther has served as a director of Official Payments since August 1999. Since February 2003, Mr. Guenther has acted as a private consultant to technology companies. From October 2001 through January 2003, Mr. Guenther served as President of TiVo, Inc., a publicly traded technology firm specializing in the delivery of digital video recording television services. From June 1999 through October 2001, Mr. Guenther served as Vice President of Business Development and Senior Vice President of Business Development and Revenue Operations at TiVo. From August 1998 to June 1999, Mr. Guenther was a partner at Paul, Hastings, Janofsky & Walker LLP, an international law firm. Mr. Guenther is also on the Board of Directors of Integral Development Corp., a software developer providing e-commerce solutions for capital market transactions to banks and other financial institutions. Mr. Guenther holds a B.A. and a J.D. from the University of Colorado and an MBA from the University of San Francisco.
Since August 1998, Mr. Hale has been a founding partner of FTV
Capital and its predecessor firm, FT Ventures. He served as managing partner of the firm from 1998
through 2007. Before establishing FTV Capital, Mr. Hale was a Senior Managing Partner at Montgomery
Securities, where he founded the financial services corporate finance practice. Mr. Hale currently
serves on the boards of directors of the National Venture Capital Association, a trade association,
Public Radio International, a media company, and LOYAL3 Holdings, Inc., a capital markets software
company, and on the investment committee of St. Ignatius College Preparatory, San Francisco, a
college preparatory school. He was a director of ExlService Holdings, Inc., a publicly traded business
process outsourcing company, from November 2002 through December 2006, and has served on the
boards of several private technology companies.
Philip Heasley is president and CEO of ACI Worldwide, Inc. (ACI). He is a 32-year veteran of payment systems and financial services. Prior to joining ACI in March 2005, Mr. Heasley was chairman and CEO of Paypower LLC. From 2000 to 2003, he was chairman and CEO of First USA Bank, the credit card subsidiary of Bank One. Before joining First USA, Mr. Heasley spent 13 years in executive positions at U.S. Bancorp, including six years as vice chairman and the last two years as president and chief operating officer. Prior to joining U.S. Bancorp, Mr. Heasley spent 13 years at Citicorp, including three years as chief operating officer of Diners Club, Inc.
Mr. Heasley is a member of the board of directors of ACI, Fidelity National Title Group, Kintera Inc., and Public Radio International. He served as chairman of the board of Visa USA from 1996 until November 2003 and was a member of the board of Visa International during the same period. In addition, he has previously served on the boards of Ohio Casualty Corporation, Fair Isaac Corporation, The Schwan Food Company, Inc., AIG SunAmerica, Cray Inc. and Minnesota Seed Capital. Mr. Heasley serves or has served as an advisor to FT Ventures and MidOcean Partners and is an active supporter of Catholic Charities USA, The Minnesota Opera, the Walker Art Center, and the Science Museum of Minnesota.
Mr. Heasley holds a B.A. from Marist College in Poughkeepsie, New York, and an MBA from the Bernard Baruch Graduate School of Business in New York. A native of Nissequogue, New York, he was one of nine children. Mr. Heasley and his wife have two daughters and reside principally in Naples, Florida.
A leading expert in the payments industry, David is a Director of Edgar, Dunn & Company, and is based in San Francisco. Since1980 David has served EDC clients in North America and Europe throughout the payments value chain on strategic issues such as product and portfolio profitability, credit and fraud risk management, market and channel optimization, process improvement, and new product development. He co-developed the firm's London office in the early '90s and served financial services clients throughout Europe until his return to the US in 1998. While in Europe he became involved in many of the payment industry new product and technology initiatives there, and since his return to the US has been involved in developing and assessing many new payment product initiatives in the North American market including e-commerce payment solutions and mobile payment and prepaid card options. David co-chairs the Risk Manager's Roundtable, a forum for the leading credit card issuers in the United States and also chairs the newly formed Debit Card Roundtable.
He holds a BS degree with honors from the University of Idaho, an MBA from Northwestern University's Kellogg Graduate School of Management, and a Leadership in Professional Services Firms certificate from Harvard University's Graduate School of Business.
David has been a frequent author and speaker for various financial services industry magazines and forums. He is on the Board of Directors of two companies that supply technology products and services to the payments industry and is also on the Advisory Board of a San Francisco-based bank.
Zach Sadek joined Parthenon Capital in 2004 in the firm's Boston Office. He is active in sourcing and executing new transactions and working with current portfolio companies with a focus in Business, Government and Financial Services, Education and Route-Based Distribution. Mr. Sadek serves on the Board of Directors of Restaurant Technologies, Inc. and Official Payments (NASDAQ: Tier). Prior to joining Parthenon Capital, Mr. Sadek worked in investment banking at Dresdner Kleinwort Wasserstein in Chicago as an analyst specializing in mergers and acquisitions. While at DrKW, he analyzed and executed a variety of strategic transactions including merger advisory, financing and restructuring assignments. Mr. Sadek attended the University of Chicago where he earned a Bachelor's Degree in History (with honors) and a Master's Degree in the Social Sciences.
Since July 2006, Ms. Schipper has been employed as a Professor
of Accounting at Duke University's Fuqua School of Business. Ms. Schipper was a Board member of
the Financial Accounting Standards Board from September 2001 through June 2006. She was an editor
of the Journal of Accounting Research from 1985 to 1999 and has also held editorial board positions
with the Journal of Accounting and Economics, The Accounting Review, Accounting Horizons, the
Journal of Business, Finance and Accounting, the Review of Accounting Studies, and the Contemporary
Journal of Accounting and Economics. She has served on the Board of Trustees of the University of
Dayton since 2005. In August 2007, Ms. Schipper was inducted into the Accounting Hall of Fame.
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