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Vindicia Names Mark Resnick COO, CFO
[February 16, 2010]

Vindicia Names Mark Resnick COO, CFO

REDWOOD CITY, CA, Feb 16, 2010 (MARKETWIRE via COMTEX) -- Vindicia, a leading provider of on-demand strategic billing solutions, today announced that Mark Resnick has joined as chief operating officer and chief financial officer. Resnick brings more than 20 years of experience in building large-scale SaaS businesses to this role, where he will be responsible for managing the operations, finance, planning, human resource, legal and administrative functions within the company.

Previously, Resnick was COO and CFO of Transera Communications, Inc., an on-demand virtual contact center solution provider for enterprises. Prior to Transera, Resnick served as COO and CFO at Coremetrics, Inc., a SaaS provider of web analytic products and services, where he was responsible for building many of the organization's key functions. Before that, Resnick held senior financial roles at CrossLogix, Method Networks, ProBusiness and Coopers & Lybrand.

"Mark brings a wealth of SaaS and financial experience and deep understanding of our target audience to the team," said Vindicia Chairman and CEO, Gene Hoffman. "As we continue to lead in the markets we care most about, software, online content and gaming, Mark will be instrumental in creating and executing a long-term business model that will help the company establish sustained profitability." "Vindicia is keenly aware of the impact online billing has on customer acquisition and retention," said Resnick. "The company's traction in key digital markets speaks to the business value of the CashBox solution, as well as its trusted team, and I look forward to building on that momentum and cementing its well-earned leadership." About Vindicia Vindicia offers an on-demand strategic billing solution for marketing and sales that manages subscriptions and one-time payments for online merchants. We work with some of the best-known brands on the Internet, including Symantec, Activision Blizzard, Intuit, and Atari/Cryptic. As an externally audited PCI Service Provider and a SAS 70 Type II company, Vindicia securely handles online revenue of over a billion dollars annually. For more information, visit www.vindicia.com.


Contacts: Sanjay Sarathy Vindicia, Inc.

650-522-4490 Email Contact Juli Greenwood CHEN PR 781-672-3137 Email Contact SOURCE: Vindicia http://www2.marketwire.com/mw/emailprcntct?id=412FBE4308BDF720 http://www2.marketwire.com/mw/emailprcntct?id=2DDC1EED7D816162

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