BNET Industries

Market Cap:$1.3B
Last Fiscal Year Sales:$921.9M
  • Public
  • US
Dow Jones Description

This company's payment devices eventually pay for themselves. Founded in 1983 and headquartered in San Jose, CA, VeriFone Holdings, Inc. (NYSE: PAY) is a producer of electronic payment and point-of-sale systems. Apart from point-of-sale software, it also provides clients with check readers, pre-paid gift cards, smart cards, signature capture, receipt printers and internet business software. Project Management, Training, and Installation round out its offerings. The company had revenue of about $485.4 million in 2005 and employs about 1,050 people. In May 2006, it announced an international marketing alliance with D-Link to foster adoption of Wi-Fi enhanced electronic transactions solutions.

Director
Alex W. Hart
Number of Employees 2,362
Contact Information

2099 Gateway Place

Suite 600

San Jose, California 95110

www.verifone.co...

(408) 232-7800

NAICS Code Financial Transactions Processing, Reserve, and Clearinghouse Activities: 522320

Recent Events

  • TECHNOLOGY: Going Mobile

    1/07/10 - Product Announcement - View Story

  • VeriFone To Introduce IP-connected Flash 10 Technology In Taxicabs - Update

    12/30/09 - Product Announcement - View Story

  • VeriFone Reports Fourth Quarter and Fiscal 2009 Results

    12/14/09 - Financial Announcement - View Story

  • Small retailers can use VeriFone system to accept payments on iPhones

    12/11/09 - Product Announcement - View Story

  • VeriFone to Report Fourth Quarter and Fiscal 2009 Results on December 14, 2009

    11/19/09 - Financial Announcement - View Story

  • UPDATE 1-Verifone Q3 results beat St, sees strong Q4 results

    9/01/09 - Financial Announcement - View Story

  • SmarTrendR News Watch: VeriFone Reports Mixed Results, Guidance Mixed

    6/03/09 - Financial Announcement - View Story

News & Analysis

Filter by

earnings and finance and verifone holdings - All News and Analysis

Decision Makers

Name (plus bio) Position
Alex W. Hart Director
Craig A. Bondy Director
Barry Zwarenstein Director
Douglas G Bergeron Chief Executive Officer
Robert Dykes Senior Vice President & Chief Financial Officer
Bud Waller Executive Vice President, Integrated Solutions
David Turnbull Executive Vice President, Operations
Elmore Waller Executive Vice President, Integrated Solutions
Jesse Adams Reg Executive Vice President, Sales
William Atkinson Director
Bill Nichols Vice President, Marketing, Intl
Kevin Barry Vice President, Global Supply Chain Management
Paul Rasori Vice President, Marketing
Rohit Patni Vice President, Sales, Marketing
Stuart Taylor Vice President
Adam Biedrzycki Sales Accounting Manager
Kirk Gibbs Manager
Isaac Angel Director

Board of Directors

Name (plus bio) Position
Charles R. Rinehart Chairman
Collin E. Roche Board of Directors
James C. Castle Board of Directors
Leslie Denend Board of Directors
Robert B. Henske Board of Directors

Organization Position Status
FleetCor Technologies Operating Co., LLC President Fuelman Fleet Cards Current
First National Bank of Chicago General Manager Former
US Encode Consultant Current
Silicon Valley Bancshares Chairman of the Board of Directors Current
Silicon Valley Bancshares Independent Consultant Current
Paymetric Inc. Advisor Current
Fair Isaac Corporation Board of Directors Current
Eharmony.Com, Inc. Member of the Boards of Directors Current
Paymetric Inc. Board of Directors Current
Lending Club Corporation Board of Directors Current
HNC Software Member, Board of Directors Current
VeriFone Holdings, Inc. Director Current
US Encode Board of Directors Current
Sanchez Computer Associates, Inc. Board of Directors Current
Silicon Valley Bancshares Board of Directors Former
Global Payments Inc. Director Current
123Jump.com Director Current
Pccharge Committee Member Current
Advanta Corporation Chief Executive Officer Former
Electronic Banking Services Co. Ltd Executive Vice President Former
Wells Fargo & Company Executive Vice President Former
Electronic Banking Services Co. Ltd General Manager Former
Bancohio Director of Marketing Former
First Interstate Bancorp Former
Maestro International Limited Chairman of The Board Former
Advanta Corporation Executive Vice Chairman Former
Bancohio Board of Directors Former
Harvard University Bachelor’s Degree, Social Relations Former
University of Colorado Former
Harvard Business School Former

Organization Position Status
GTCR Golder Rauner, LLC Principal Current
Cellnet Board Director Current
Verifone, Inc. Board Director Current
Systemsnet, Inc. Board Director Current
The Heritage Co. Board Director Current
VeriFone Holdings, Inc. Director Current
GTCR Golder Rauner, LLC Principal Former
Digitalnet, Inc. Investor Former
Stanford University Mba Former
The University of Texas at Austin Bba In Finance With High Honors from the Honors Business Former
The University of Texas BBA in Finance Former

Organization Position Status
Downey Financial Corp. Chief Executive Officer Current
VeriFone Holdings, Inc. Chairman Current
MBIA Inc. Board of Directors Current
Pccharge Director Current
VeriFone Holdings, Inc. Board of Directors Former
Downey Financial Corp. Board of Directors Former
Union Bank of California Director Former
University of San Francisco Graduate Former

"With more than 30 years of experience in global business and operations, Barry Zwarenstein joined the SMART team in September 2008 as senior vice president of Finance and chief financial officer (CFO). His key areas of responsibilities as a member of SMART's executive management team include finance, tax, treasury, investor relations, internal audit and Sarbanes-Oxley compliance, business development, and risk management. Previous to joining SMART, Barry held executive and senior level positions in several technology companies, serving as CFO for VeriFone Holdings, Inc, Iomega Corporation, Mellanox Technologies Limited, Acuson Corporation, and Logitech S.A. He began his career at FMC Corporation and progressed to the position as CFO for FMC Europe (Brussels, Belgium). He holds a Bachelor of Commerce degree from the University of Natal (South Africa) and an MBA from the Wharton School of Business at the University of Pennsylvania (Philadelphia, PA), and he is qualified as a Chartered Accountant (South Africa). "

Organization Position Status
SMART Modular Technologies, Inc. Senior Vice President & Chief Financial Officer Current
Smart Modular, Inc. Senior Vice President of Finance and Chief Financial Officer Current
VeriFone Holdings, Inc. Director Current
VeriFone Holdings, Inc. Chief Financial Officer Former
Iomega Corporation Chief Financial Officer Former
Mellanox Technologies, Inc. Chief Financial Officer Former
VeriFone Holdings, Inc. Executive Vice President Former
University of Pennsylvania M.B.A. Former
University of Natal Bachelor of Commerce Degree Former

Doug Bergeron has been Chairman and CEO of VeriFone since July 2001 when he spearheaded the acquisition of the company from Hewlett Packard in a transaction valued at $50 million. Since that time, VeriFone's sales have tripled and the value of the company has grown to exceed several billion dollars. Mr. Bergeron remains the single largest private shareholder of the company. In June 2002, Mr. Bergeron partnered as an investor with GTCR Golder Rauner, a leading private equity firm, to recapitalize VeriFone, and position the company for a new era of market growth. In April 2005, VeriFone became a public company and is listed on the New York Stock Exchange under the symbol "PAY." Mr. Bergeron previously served in a variety of executive management positions at SunGard Data Systems Inc., including President of SunGard Futures Systems and Group CEO of SunGard Brokerage Systems Group. He was also President of Gores Technology Group. Mr. Bergeron is also Chairman of the Board of First Consulting Group of Long Beach, California and is a director of the Multiple Sclerosis Society of San Francisco and the Bay Area. He is also on the Listed Company Advisory Committee of the New York Stock Exchange. Mr. Bergeron holds a Bachelor of Arts degree (with Honors) in Computer Science from York University in Toronto, Canada, and a Masters of Science degree from the University of Southern California

Organization Position Status
Verifone CEO Current
VeriFone Holdings, Inc. Chief Executive Officer Current
Pccharge CEO Current
Verifone, Inc. Chief Executive Officer Current
Verifone Chairman Current
Verifone, Inc. Chairman Current
Semtek Innovative Solutions, Inc. Director Current
GTCR Golder Rauner, LLC Investor Current
Extensity Chief Executive Officer Former
SunGard Group CEO of Sungard Brokerage Systems Group Former
Extensity President Former
The Gores Group, LLC Group President Former
SunGard President of Sungard Futures Systems Former
First Consulting Group Inc. Chairman of the Board Former
VeriFone Holdings, Inc. Chairman Former
VeriFone Holdings, Inc. Director Former
University of Southern California Masters of Science Degree Former
York University Bachelor of Arts Degree In Computer Science Former
York University Degree (With Honors) In Computer Science Former

Organization Position Status
Pccharge Senior Vice President & Chief Financial Officer Current
Nebuad, Inc. Co-Founder, CEO & Chairman Former
VeriFone Holdings, Inc. Senior Vice President & Chief Financial Officer Current
Flextronics International Ltd. Chief Financial Officer & President, Systems Group Former
Symantec Corporation Executive Vice President, Worldwide Operations & Chief Financial Officer Former
Juniper Networks, Inc. Executive Vice President, Business Operations & Chief Financial Officer Former
Symantec Corporation executive vice president, Worldwide Operations Former
Victoria University Bachelors Degree, Commerce & Administration Former

Organization Position Status
VeriFone Holdings, Inc. Executive Vice President, Integrated Solutions Current

Mr. Turnbull joined VeriFone in May 2002, serving as Senior Vice President, Operations since July 2004. Prior to joining VeriFone, Mr. Turnbull worked for Apple Computer, Inc. in a variety of engineering and project management positions, and, from January 1998 to August 2001, as Director of Engineering for Consumer Portables and Communication Products. Mr. Turnbull has a B.S. in electrical and computer engineering from University of California at Santa Barbara and is a member of the Institute of Electrical and Electronics Engineers.

Organization Position Status
VeriFone Holdings, Inc. Executive Vice President, Operations Current

Mr. Waller has served as Executive Vice President, Integrated Solutions since December 2004 and, since joining VeriFone in 1986, has served in a number of leadership positions including Senior Vice President and General Manager of the Worldwide Petro Division. Prior to working at VeriFone, Mr. Waller worked for 11 years at General Electric Company, serving in several financial management positions. Mr. Waller holds an M.B.A. from Syracuse University.

Organization Position Status
VeriFone Holdings, Inc. Executive Vice President, Integrated Solutions Current
VeriFone Holdings, Inc. Director Current
VeriFone Holdings, Inc. General Manager, Worldwide Petro Division Former
Syracuse University M.B.A. Former

Organization Position Status
VeriFone Holdings, Inc. Reg Executive Vice President, Sales Current

Organization Position Status
VeriFone Holdings, Inc. Executive Vice President, Payment Systems Current
VeriFone Holdings, Inc. Director Current
Cayenta Senior Vice President, Sales and Marketing Former
Vertel Corp Senior Vice President, Worldwide Sales Operations Former
SunGard Senior Sales Management Roles Former

Organization Position Status
VeriFone Holdings, Inc. Vice President, Marketing, Intl Current

Organization Position Status
VeriFone Holdings, Inc. Vice President, Global Supply Chain Management Current

"Paul Rasori currently serves as VeriFone’s Senior Vice President of Marketing. He has global responsibility for all Financial Payment Systems marketing efforts and oversees the global product management, global marketing programs and all local demand generation marketing functions across North and South America, EMEA and Asia Pacific regions. Mr. Rasori is a twenty-year veteran of the electronic payments industry, having held positions in product development, product management, marketing and sales management. In more than ten years with VeriFone, Mr. Rasori has led the introduction of the industry's most comprehensive and successful portfolio of payment solutions that span many different vertical markets, including financial retail, multi-lane, unattended, hospitality and wireless vertical segments. This includes most recently the Vx Solutions product family, which was awarded Frost and Sullivan’s ""Product-Line Strategy Leadership Award"" for 2005. Mr. Rasori has a Bachelor of Science in Computer Science from the University of Massachusetts "

Organization Position Status
VeriFone Holdings, Inc. Vice President, Marketing Current

Organization Position Status
VeriFone Holdings, Inc. Vice President, Sales, Marketing Current

Organization Position Status
VeriFone Holdings, Inc. Vice President Current

"Adam Biedrzycki was appointed General Manager in February 2009, with responsibilities for VeriFone activities in Continental Europe. Mr. Biedrzycki, who joined VeriFone in 1996, previously was VeriFone’s Country Manager in Poland, where he was instrumental in establishing the company as the leading supplier of EFTPOS devices in the country. Prior to VeriFone, Mr. Biedrzycki was sales director at Softbank, the leading provider of banking software and financial solutions in Poland, and served in various sales positions with ICL, the UK-based IT company. Mr. Biedrzycki graduated from the Warsaw University of Technology with a Master of Science in Automatic Controls and Robotics. He also completed with Honors the Executive MBA program offered by the Gdansk Foundation for Management Development in cooperation with the University of Gdansk and Rotterdam School of Management, Erasmus University."

Organization Position Status
VeriFone Holdings, Inc. Sales Accounting Manager Current

Organization Position Status
VeriFone Holdings, Inc. Manager Current

Mr. Roche has served as a director since July 2002. Mr. Roche is currently a Principal of GTCR Golder Rauner, L.L.C., which he joined in 1996 and rejoined in 2000 after receiving an M.B.A. from Harvard Business School. Prior to joining GTCR, Mr. Roche worked as an investment banking analyst at Goldman, Sachs & Co. and as an associate at Everen Securities. He received a B.A. in Political Economy from Williams College. Mr. Roche serves on the board of directors of TNS, Inc., a provider of business-critical data communications services to processors of credit card, debit card and ATM transactions and of secure data and voice network services to the global financial services industry, Syniverse Holdings, Inc., a provider of mission-critical technology services to wireless telecommunications companies worldwide, and several private GTCR portfolio companies.

Organization Position Status
VeriFone Holdings, Inc. Board of Directors Current

Organization Position Status
VeriFone Holdings, Inc. Director Current
VeriFone Holdings, Inc. Chief Executive Officer Former
VeriFone Holdings, Inc. President Former

Organization Position Status
VeriFone Holdings, Inc. Board of Directors Current

Dr. Denend has served as a director since January 2005. Dr. Denend was President of Network Associates, Inc., from December 1997 until May 1998. Since 1998, Dr. Denend has served on the boards of numerous public and private companies. Dr. Denend also was President and CEO of Network General Corporation from February 1993 until December 1997 and Chairman, President and CEO of Vitalink Communications Corporation from October 1990 until its acquisition by Network Systems Corp. in June 1991. Dr. Denend remained as a business unit president at Network Systems Corp. until December 1992. He was Executive Vice President at 3Com Corporation from January 1989 until October 1990. He was also a partner in McKinsey and Company from December 1984 until January 1989. Dr. Denend served as Executive Assistant to the Executive Director of the Council on International Economic Policy in the Executive Office of the President from August 1974 until August 1975, as a member of the National Security Council Staff from June 1977 until 1979, when he became the Special Assistant to the Assistant to the President for National Security Affairs, until January 1981. Dr. Denend also served as Deputy Director of the Cabinet Council on Economic Affairs from May 1982 until June 1983. Dr. Denend earned a Ph.D. and an M.B.A. from Stanford University and a B.S. from the U.S. Air Force Academy. He also currently serves as a director of Exponent, Inc., a science and engineering consulting firm, and McAfee, Inc., a supplier of computer security solutions.

Organization Position Status
VeriFone Holdings, Inc. Board of Directors Current

Organization Position Status
VeriFone Holdings, Inc. Board of Directors Current
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     PAY $21.19 -0.47 (-2.17% )
Average Volume 938,560
Shares Outstanding 84.92M
Market Cap 1.8B
Year High 91.75
Year Low 5.31
Earnings Per Share 0.65
P/E Ratio 32.60
Dividend N/A
Yield N/A
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