VersaPay announces senior management change

New appointment

VersaPay a provider of cloud-based financial technology solutions has announced that CEO, Bill McGill has resigned and will be leaving the Company, effective August 31, 2013.  Mr. McGill will remain on VersaPay’s Board of Directors. Mr. McGill will be replaced by software veteran Craig O’Neill.

“On behalf of the Board, we thank Bill for his dedication to VersaPay and his valuable contributions to the Company,” said Jason Gurandiano, VersaPay’s Chairman. “Bill led the company through a critical period in its development and leaves VersaPay with the key foundational pieces in place to create significant value for shareholders.  We are pleased that he has agreed to stay on the board of VersaPay to ensure an orderly CEO transition.”

Mr. Gurandiano continued, “We are very fortunate to have attracted a replacement of Craig O’Neill’s caliber. Having grown Xeye and achieved a successful exit for shareholders, Craig brings a deep understanding of how to build a successful software business.”

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