Alaa Pasha named Vivonet's new President and Chief Executive Officer

VANCOUVER, Oct. 22, 2014 /PRNewswire/ - Vivonet Acquisitions Ltd. is pleased to announce that Alaa Pasha has joined the company as its new President and Chief Executive Officer. He will assume the role previously held by Ryan Volberg, who will remain involved as a shareholder and advisor.

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"With record growth at Vivonet, we felt it was time to bring in a CEO with the proven ability to successfully scale software businesses in the restaurant industry. After meeting with a number of exceptional candidates, we believe Alaa has the perfect blend of energy, vision, customer focus, and deep industry experience to drive the business forward," stated Volberg.

Alaa joins Vivonet with over 20 years of executive management and leadership experience in software and service companies that provide solutions to the global hospitality market. Most recently, Alaa was the Senior Vice President with Red Book Connect. In that role, Alaa was responsible for the global alliance and channel business. Prior to Red Book Connect, Alaa served as the President and CEO of MacromatiX, where he led the company from a small Australian business to a global market leader in the SaaS back office business for the restaurant industry. Alaa was also the President and CEO of Compris Technologies, a subsidiary of NCR.

"Alaa's passion for customers, sales and marketing expertise in the worldwide restaurant industry, and track record scaling technology businesses globally will enable Vivonet to capitalize on the compelling growth opportunities in this evolving market," said Eric Hinkle, Chairman of the Board. "We are thrilled to have him on the team."

"Vivonet is well positioned to play a key role in the growth and success of independent, national, and global restaurant companies," stated Alaa Pasha. "This is a tremendous opportunity for the exceptional Vivonet team to delight customers with our innovative cloud solutions and provide them with substantial, measurable value. I am excited to join Vivonet at this important stage in its evolution."

With market-leading SaaS point of sale, cloud data management and analytics, and consumer engagement applications, the multi-location enterprise segment of the global restaurant industry will continue to be Vivonet's focus. Most recently, the company expanded into Sports Services Venues with a successful go-live at TD Garden in Boston, MA.

About Vivonet:
Vivonet's omni-channel POS solutions process millions of transactions every month for consumers in the restaurant industry across Canada and the United States. Vivonet's mission is to help every restaurant in the world succeed by turning transactions into insights and opportunities. Vivonet's current products include Vivonet POS, Vivonet Mobile, Vivonet Tablet and Vivonet Kiosk. All of these products are integrated with Vivonet's cloud based reporting system, Enterprise Manager.

SOURCE Vivonet Acquisition Ltd.