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Net Element International Inc Completes Acquisition of Unified Payments; Appoints Firer As Chief Executive Officer

Tuesday, 16 Apr 2013 09:25am EDT 

Net Element International Inc announced that it has completed the acquisition of Unified Payments, a provider of transaction processing services and payment-enabling technologies that was recognized by Inc. Magazine as the fastest-growing private company in the U.S. in 2012. The acquisition positions and diversifies Net Element International`s mobile payments business and creates a new platform division TOT Group, Inc., with focus on global mobile payments and transaction processing markets. Firer has been appointed to the positions of Chief Executive Officer(CEO) and a director of Net Element International, with Steven Wolberg joining Net Element International as Secretary and Chief Legal Officer, and Tim Greenfield, Net Element International`s president of mobile commerce and payment processing, is contemplated to become President of Corporate Development of TOT Group. Ivan Onuchin will remain as Chief Technology Officer and Jonathan New will remain as Chief Financial Officer of Net Element International. Francesco Piovanetti, Net Element International`s current CEO and a director, has stepped down from those positions and will become a consultant to the Company. 

Company Quote

-0.06 -4.80%
19 Dec 2014