Experienced Executive to Help Guide ACH Risk and Compliance
Management Company
EL DORADO HILLS, Calif.--(Business Wire)--Laru Corporation, a provider of ACH risk and compliance management
software applications for financial institutions, announced the
addition of William Vaughan as chief operating officer and a member of
the board of directors. His responsibilities include operations,
finance and business planning.
He joins chief executive officer Ben Waidhofer, chief technology
officer Carl Daniel and venture investor Victor Kearney on the board.
Vaughan currently provides corporate finance services to a major space
and defense contractor.
Prior to joining Laru, Vaughan was chief financial officer, vice
president of administration, a member of the board of directors and
chairman of the Audit Committee of SunTaker, Inc., where he was
responsible for all corporate finance, treasury, accounting and
financial planning functions. Prior to SunTaker, he was chief
financial officer and vice president of finance of Solid Data Systems,
responsible for investor relations, strategy, administration and
accounting. Additionally, Vaughan has held senior finance positions
for two publicly traded, venture-backed companies, Salix
Pharmaceuticals and Fusion Medical Technologies.
"We welcome Bill to the board of directors and as chief operating
officer, and believe his financial and executive experience will be a
great benefit to Laru," said Ben Waidhofer, chief executive officer of
Laru. "His addition will help lead Laru further into success and
profitability."
Vaughan earned a Bachelor of Science from the University of
Connecticut and an MBA from Suffield College.
About Laru Corporation
Laru Corporation, headquartered in El Dorado Hills, Calif., is a
software provider of ACH risk and compliance applications. Financial
institutions use the company's products to identify, resolve and
prevent ACH fraud and network violations. Laru's flagship product, ACH
Clarity(TM), monitors and manages the risks of originating, receiving
and processing ACH transactions, and provides an independent ACH audit
platform in accordance with OCC Bulletin 2006-39. For more information
call 888-527-8007 or visit the company's Web site at www.larucorp.com
For Laru Corporation
Cory Jones, 678-781-7203
Copyright Business Wire 2008
