TORONTO, ON--(Marketwired - December 13, 2016) - Highgate Systems Inc. announced today that its Board has appointed Aldo Campodonico as Managing Director of the company, with immediate effect.

A veteran of over 20 years in the financial services business, Mr. Campodonico will assume responsibility for the ongoing management of Highgate Systems, the development of marketing strategies to support its growing business and providing direction to new and existing product development.

With significant expertise in commercial and retail banking, system development, compliance and security, he brings much to Highgate that will benefit its customers. This expertise will be brought to bear on the challenges faced by financial institutions today, with a view to assisting them to improve their operations and build their businesses.

Former Chief Executive Officer John Walton has shifted his responsibilities to the expansion of Highgate's presence in the European market as well as continuing in his current role setting the technical direction for the lending solution. He will also be expanding his role as the leading System Architect for the next generation of Highgate Banking Solutions.

Chairman of the Board Barry Walsh commented, "We are delighted to welcome Aldo to our team. Following an extensive review of many qualified candidates, it became clear that he was an excellent fit for the organization. His background in technology and financial services was exactly what Highgate was looking for as it moves into the future, and his demonstrated ability to deliver innovation and growth was very attractive to the Board. He has significant international experience, and that will be invaluable to him as he works to move Highgate forward."

Walsh added, "John Walton's contributions as CEO have been significant, and we are pleased to support him in the growth of Highgate's business. As a senior officer of many years' standing, his knowledge and expertise will be invaluable to us as we expand our business into new markets."

Managing Director Aldo Campodonico continued, "I am delighted to be working with Highgate. My expertise and skills has led me directly to this great opportunity. Highgate is a nimble organization, capable to respond quickly to market needs and challenges and to compete globally; I am confident that there are many opportunities for us to explore going forward. The Highgate staff is highly experienced and understands the needs of our clients. I feel privileged to be working with such a dedicated and knowledgeable team."

About Aldo Campodonico

Aldo Campodonico most recently served as Director of Application Development for CIBC, a leading Canada-based financial institution with over 11 million clients; it is a major financial institution by any measure, where he improved critical applications, bringing reliability, new functionality, technology updates and sound product road-maps. Prior to this, he was a Director of Architecture, Development, Quality Assurance and Security at FundServ, the only provider of electronic business services for the Investment Fund Industry in Canada. Part of his mandate was to align IT with business, create a 3 year strategic plan, upgraded the IT infrastructure to support new technologies, improve the application development process following SDLC and implement the use of ITIL and COBIT with IT best practices. Aldo has significant experience in banking, especially in the business of granting credit, having served as Director of International Operations and Support for TransUnion, a major credit information, fraud detection systems and credit information management company. Where he redefined the development and support model from a traditional reactive, to a proactive and predictive approach, implemented IT security and best practices and was responsible for IT Sarbanes Oxley compliance and the development and implementation of the first International Credit Reporting System.

About Highgate Systems

Highgate Systems Inc. has been a successful Toronto-based company since 1986, when it delivered its first banking system application. From that beginning, it has grown to become major provider of technology and expertise in its chosen markets. Many successful financial organisations including commercial banks, credit unions and finance companies know the value of 'going with Highgate' to meet the needs of clients and shareholders. Its solutions are multi-currency and multi-lingual and it has clients in nearly 20 countries.

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Contact Information:

Shelley Leahy
Highgate Systems Inc.
O: 416 620 6683 Ext: 3222