News from the Wire

Vyze names Nealon as new CEO

Friday, April 29, 2016 — 10:57:29 (EDT)

Austin, Texas, April 28, 2016 -- Financing technology leader Vyze is pleased to introduce Keith Nealon as the company's new chief executive officer. In his new role, Nealon will draw on twenty years of experience with high-growth public and private technology companies to help scale Vyze as the company continues to simplify the financing experience at point of sale for both retailers and manufacturers.

"Keith is a versatile leader, having demonstrated success in management, sales, marketing, and technology roles," said Vyze's chief marketing officer Doug Filak. "His experience and expertise will be instrumental in building new relationships across the industry and expanding our capabilities."

"We couldn't be more excited to have an experienced leader like Keith charting the course of Vyze's growth," added Austin Ventures General Partner Chris Pacitti, a Vyze board member. "He brings a wealth of experience in growing technology businesses and taking innovative companies like Vyze to the next level."

Formerly NewComLink, Vyze introduced its new brand last week after enhancing its offerings and securing several new strategic partnerships, which provide businesses with more ways to attract and retain customers by delivering financing solutions for all customer segments.

"The retail consumer financing market is over $200B in size but is in need of an upgrade. Despite the market size, retailers and manufacturers cannot serve their customers adequately with today's lending options," explained Nealon. "With 73 percent of sales associates reticent to offer financing, 28 percent of all consumers afraid to apply for financing, and just 47 percent of consumers approved for primary financing, there's tremendous opportunity to deliver more value to our customers."

"I'm eager to expand Vyze's footprint to provide businesses with a technology platform that delivers a meaningful impact on revenue and customer loyalty, while simultaneously delivering a more satisfying experiences for their customers," he added.

Prior to joining Vyze, Nealon served as the president and chief revenue officer for Adaptive Insights, leading sales, channel and professional services teams. In the United States, Nealon has also held executive leadership positions at both public and private companies, including ShoreTel, Eloqua and Conductor. Previously, in Europe, he also served as chief executive officer of Nebula Technologies (later acquired by Unicorn Worldwide Holdings).

Nealon currently sits on advisory boards of several leading SaaS companies, including Smartling, dotLoop (recently acquired by Zillow) and Axonista.

About Vyze Vyze is a leading cloud-based financial technology company for businesses. By combining technology, a comprehensive lending supply, and support under one roof, Vyze is able to deliver businesses simpler, more satisfying financing experiences for their customers, wherever and whenever they shop.

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Source: Company press release.