BlueSnap Hires CFO Bill Sobo to Support Payment Business Growth

WALTHAM, Mass., Feb. 12, 2014 /PRNewswire/ -- Online payment solutions provider BlueSnap today announced the appointment of 25-year finance executive Bill Sobo as Chief Financial Officer. Sobo's background includes COO, CFO and VP positions at high-growth companies that have undergone acquisitions and IPOs under his guidance.

The addition of Sobo to the BlueSnap team follows 18 months of rapid growth fueled by BlueSnap's industry-leading 180-country global payment processing capabilities along with dynamic localization of the checkout experience, intelligent payment routing that increases transaction success, and other features that help online merchants close sales in both mobile and non-mobile environments. 

"BlueSnap's growth demonstrates that they have a strong payment platform that helps online retailers sell globally without the limitations frequently encountered with competing payment platforms," Sobo said. "Joining the company gives me an opportunity to help them achieve the scale, efficiencies and financial infrastructure they need to continue on their growth trajectory."

Sobo began his executive career at Parexel, a clinical research organization where he served as CFO from 1987 and 2000. The company grew from 20 to 4,000 employees during his tenure and went public in 1995. He next served as COO/CFO of P&H Solutions Inc., a business banking solutions provider that grew from a startup to over 250 employees and was acquired by ACI Worldwide in 2006. He returned to Parexel as VP Operations Finance in 2007 and left the company last month to join BlueSnap.  

"Bill will be a major asset to BlueSnap as we continue to grow our workforce, merchant base and global reach," said Ralph Dangelmaier, CEO of BlueSnap. "He has steered the finances of two high-growth companies, and that makes him an ideal candidate to do the same for us as we steadily increase our footprint in the online payment market."

Sobo received a BS in Economics from the Wharton School of Finance and Commerce at the University of Pennsylvania and an MBA in Finance from Boston University. He serves on the Board of Directors of HomeStart, a Boston-based non-profit dedicated to ending homelessness in the area.

About BlueSnap

BlueSnap is a smarter international payment gateway powering the checkout process for eCommerce merchants worldwide, and fueling growth for online businesses serving digital, physical and mobile markets. BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one-click checkout, global payment processing, award-winning smart subscriptions, multiple integration options and dynamic ecommerce tools. Serving over 5,000 merchants and supporting shoppers in 180 countries by localization in 28 languages, 60 currencies and 110 payment types, BlueSnap is fulfilling its promise to convert more shoppers to buyers worldwide. Learn more at www.bluesnap.com.

SOURCE BlueSnap

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