PORTLAND, Ore, 07 August, 2007 — Vesta Corporation, a global pioneer and leader in value-added payment solutions, today announced that industry veteran Kim Anderson has joined the company in a senior level, dual-role position. Anderson will oversee product strategy and development for Vesta Corporation and will also serve as general manager for its Credit Solutions division in Burlington, Massachusetts.
"Vesta's acquisition of its VCS business unit was based on a strategy of leveraging Vesta's unique data set and its industry-leading analytics capabilities with the cutting-edge decisioning platform provided by VCS," said Sanjay Khare, Chief Financial Officer, Vesta Corporation. "Kim's history of delivering innovative, data driven products to market makes him the perfect candidate to bring our product vision to fruition."
Anderson brings over 25 years of international experience in credit and financial services for a variety of companies. Most recently, Anderson was Executive Vice President and General Manger of IDT Financial Services where he was responsible for building multiple growth business lines. Prior to IDT, Anderson was President, Retail and Ecommerce at eFunds Corporation and has held a number of senior leadership roles with Equifax, Ceridian and Deluxe Corporation.
Anderson's appointment is the latest in Vesta's commitment to providing leading-edge credit and payment solutions for clients worldwide. Since the acquisition of Vesta Credit Solutions, Vesta has pledged new products and services that build on the companies' expertise in payments, risk analytics and mobile commerce. These powerful new solutions will help clients in a variety of verticals attract new customers and improve profitability. Vesta sees the addition of Anderson as a key step in accelerating the development and deployment of these new offerings.
"I am very excited to join Vesta," said Anderson. "With its solid development team, proprietary data, and cutting-edge technology, I believe Vesta has the ingredients necessary to continue to develop innovative solutions for its customers."
Headquartered in Portland, Oregon, USA, with operations in Europe and China, Vesta has been a pioneer and worldwide leader in virtual payments since 1995. Building upon its core mission to accelerate the global growth of virtual commerce by providing innovative payment and financial solutions, Vesta has established long-term, successful relationships with leading international companies including AT&T Mobility, AT&T Long Distance, alphyra group ltd., China Mobile, China Unicom, Ericsson, Meteor Mobile Communications, Verizon, Sprint, and T-Mobile. The company has achieved extraordinary growth, and has received numerous awards and recognition, including recent induction into the Inc. Hall of Fame for five consecutive years as an Inc. 500 fastest growing private company.
Scott Boucher
Manager, Corporate Communications
info@trustvesta.com
+1 503.790.2500