MINNEAPOLIS, Jan. 12, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading provider of cloud-based SaaS mobile money management technology to banks, credit unions and other financial services organizations, announced today the appointment of Bruce Whitmore as Executive Vice President and Chief Information Officer. Christopher Ebbert formerly held that role for Cachet and is now the Executive Vice President of Product Development.
"Bruce brings a wealth of technology leadership experience to Cachet and we are very pleased to welcome him to our executive team," said Jeffrey Mack, President and CEO of Cachet. "The growth we're experiencing and the opportunities in 2015 and beyond dictated our decision to bring on a new CIO, allowing Christopher to focus solely on Cachet's vital product development plans."
Whitmore will oversee all areas of information technology and solution development for Cachet, and brings more than 30 years' technology leadership and experience to his role. Prior to joining Cachet, Mr. Whitmore was Chief Technology Officer for Skybridge Americas. He has also held various technology leadership roles with Carlson Companies, United Healthcare, and the United States Air Force.
"I'm thrilled to join Cachet during this exciting time of rapid growth," said Whitmore. "I look forward to working with Cachet's executive team, and their outstanding group of IT professionals, to help shape the IT strategy and drive continued innovation and growth for Cachet and our clients."
About Cachet Financial Solutions, Inc.
Cachet Financial Solutions is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money management and remote deposit capture solutions for PC, Mac and mobile. The company's industry-leading solutions help clients to increase customer/member engagement, grow revenues and gain competitive advantage. Cachet's cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Cachet's complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers or members. For more information, visit www.cachetfinancial.com.
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