Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
John M. Perry has more than 20 years of experience in e-commerce and the electronic transaction industry.
MELVILLE, NY. - Capital Payments LLC, a leading payment services provider, announced today that it has appointed John M. Perry as Chief Executive Officer. Mr. Perry is a leader in the e-commerce and the electronic transaction industry with more than 20 years of experience in a variety of executive and general management roles.
Prior to joining Capital Payments LLC, Perry served as CEO of iPay Technologies, a Jack Henry Company; Executive Vice President at Ruesch International, a Travelex company; CEO of Spectrum, an independent electronic bill-payments company; and President and COO of NOVA Information Systems, a US Bancorp company. Perry has also held executive positions with First Data, Visa USA and Wells Fargo Bank. Perry holds a Bachelor of Science degree in engineering from the United States Military Academy at West Point and an Executive Masters in Management (MBA) from the Kellogg Graduate School of Management at Northwestern University.
“We welcome John to the company as Chief Executive Officer,” said Marc Cole, Chairman of Capital Payments. His management experience and history in the payments industry will be a tremendous asset to Capital Payments as the company continues to grow.”
“Following the rapid consolidation that has occurred in this industry, I believe Capital Payments has the platform and is well poised to be a leading payment services provider. Building on a reputation for providing superior products and end-to-end customer support, Capital Payments has a tremendous growth opportunity ahead,” said Mr. Perry. “I look forward to working with the team to continue the company’s history of innovation and excellent service to its partners and customers.”
About Capital Payments, LLC
Capital Payments is a leading provider of merchant and electronic payment solutions headquartered in Melville, New York with offices in Chicago and Atlanta. Capital Payments distinguishes itself among merchant service providers by focusing on helping trusted advisors – Technology, CPAs, Attorneys, and others - help their clients navigate the complex world of electronic payment solutions. Capital Payments provides transparent and competitive pricing, very fair terms and conditions, and best of breed payment products and services. Capital Payments is led by industry veterans with decades of experience working with small and midsize businesses and their trusted advisors.