ACI Names J. Ronald Totaro as Senior Vice President
(New York, N.Y. – 4 March 2008) – ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced the appointment of J. Ronald Totaro as senior vice president in the office of the chief operating officer. Totaro brings 20 years experience in corporate strategy, marketing, sales, product development, and financial and operations management to ACI, with a proven track record in growing global businesses and leading high performance teams.
"Ron brings an impressive wealth of experience to ACI to complement our executive team," said Philip G. Heasley, CEO of ACI. "His experience in growing and managing global businesses will be invaluable as he leads key initiatives including development of our next five-year plan, growing our on-demand business, contributing to the growth of our risk management solutions, and strengthening our executive relationships with our strategic partner IBM. We are extremely pleased to have him join ACI."
Totaro most recently served as vice president and general manager of global credit scoring solutions at Fair Isaac Corporation, where he led the business to record revenues and expanded the company's risk management solutions into international markets. From 2000 to 2002, Totaro was vice president of interactive marketing and media with AOL Time Warner, managing a $700 million line of business focused on financial services partners. Totaro's previous positions include chief operating officer of the Exchange Path, an Internet payments company owned by CMGI; senior manager of financial services strategy consulting at Andersen Consulting LLP; director of global marketing and corporate development with GE Capital Corporation; and multiple management roles at American Express TRS Company, including director of their corporate purchasing card. Totaro was graduated with honors from the State University of New York at Albany and holds a master's degree in business administration from the Ross School of Business at the University of Michigan.
About ACI Worldwide
Every second of every day, ACI Worldwide solutions are at work processing electronic payments, managing risk, automating back office systems and providing application infrastructure services. ACI is a leading international provider of solutions for banking, retail and cross-industry systems. ACI serves more than 800 customers in 86 countries including many of the world's largest financial institutions, retailers and payment processors. Visit ACI Worldwide at www.aciworldwide.com.
Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding ACI Worldwide Incorporated, its subsidiaries or third parties’ expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially.
For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K filed on January 30, 2008, the Company’s Form 10-Q for the fiscal quarter ended December 31, 2006 filed on June 29, 2007, the Company’s Form 10-Q for the fiscal quarter ended March 31, 2007 filed on August 10, 2007 and the Company’s Form 10-Q for the fiscal quarter ended June 30, 2007 filed on September 20, 2007.
