SOURCE: Jumio

October 11, 2012 09:00 ET

Jumio Names Michael Orlando Chief Sales Officer

PALO ALTO, CA--(Marketwire - Oct 11, 2012) - Jumio, Inc., the fast growing online and mobile payments and ID verification company, today announced that Michael Orlando has joined the company as Chief Sales Officer. Michael brings more than 22 years of experience in the growth and development of successful teams and companies to Jumio, where he will be responsible for overseeing all aspects of sales operations and the customer experience.

"We see tremendous opportunity in the market to create a better experience in online payments and identity verification for both consumers and businesses alike," said CEO and founder Daniel Mattes. "Michael's sales expertise will be a great asset as we look to capitalize on that opportunity and continue to grow our business."

Most recently, Michael served as Senior Vice President of Global Sales and Services at CyberSource, where he oversaw all enterprise sales and professional services functions worldwide. During his tenure, Michael was responsible for driving revenue growth from $35 million to $340 million, increasing global department staff from 58 to 177, establishing new international offices in Singapore, China, Brazil, Australia, and Dubai, and implementing new enterprise-wide compensation and organizational structures. He served in a primary role during the acquisition of CyberSource by Visa Inc. in 2010, guiding the business strategy and assisting with the negotiation and execution of the transaction, which resulted in a $2 billion purchase price -- a 42 percent market premium.

A trusted senior executive, Michael has played a critical role advising CEOs, executive teams and boards of directors regarding strategic business decisions. Prior to his role at CyberSource, he held a variety of sales positions in a number of technology companies, including AVT Corporation, Comdial Corporation, Nitsuko America, and Inter-Tel.

About Jumio
Jumio® Inc. offers next generation online and mobile credit card payments validation and ID verification products for retailers, financial institutions and governmental agencies. Designed to increase revenue, reduce fraud, and streamline customer experiences, Jumio utilizes patent-pending computer vision technology to validate and facilitate transactions while providing unprecedented levels of consumer convenience and data security.

Jumio's Netswipe® enables customers to scan their cards in online and mobile checkout resulting in increased revenue and reduced fraud for the merchants. Netverify™ supports real-time ID verification in over 60 countries to help clients meet a variety of know-your-customer requirements. The company was founded in 2010 by CEO Daniel Mattes and is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder, Eduardo Saverin. Headquartered in Palo Alto, California Jumio operates globally with offices in the US, Europe and Asia.

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