(Holland, MI) March 1, 2004 - Integrated Systems Development, Inc. (ISD), a leading provider of electronic payment solutions for merchants, today announced the appointment of John Filby as President and CEO. In addition, Filby is appointed to ISD`s Board of Directors.
"John`s appointment is a significant milestone for ISD," stated Mark Finkel, Chairman of the Board. "He is a proven leader who has achieved substantial growth for businesses spanning enterprise software, electronic payments and merchant services. His combination of management skills and industry experience makes him the ideal leader for ISD."
Filby has 16 years of experience in the software industry. In 1999, he founded Seattle-based eCash Technologies, Inc., an electronic payments company. He also served as President and CEO and Board member. The business was acquired by InfoSpace, Inc. in 2002. At InfoSpace Filby served as Vice-President in the Merchant Services Division. Prior to founding eCash, Filby was on the management team of InterTrans Logistics Solutions, an enterprise software company based in Toronto. InterTrans was acquired by i2 Technologies.
"I am pleased to join the exceptional team at ISD," said Filby. "The company`s strong market position is a testament to its deep domain expertise and unwavering focus on customer service. I look forward to building from this strong foundation and steering ISD to substantial growth."
ISD`s commitment to market leadership is supported by a recent round of funding led by Odin Capital Group and Prism Opportunity Fund.
Chicago-based Russell Reynolds Associates conducted the executive search.
About ISD
Integrated Systems Development, Inc. (ISD) is a leader in the electronic payments industry. ISD`s best of breed software solutions enable merchants to manage all of their electronic payment transactions. Over 100 marquee merchants are using ISD`s software at more than 30,000 locations to route millions of transactions every day. For more information, go to www.isdretail.com.
Contact:
Nicole Hayden
Integrated Systems Development Inc.
(616) 396-0880 Ext. 1355
nicole.hayden@isdwhq.com
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