PeopleMatter Announces Additions to Board of Directors

CHARLESTON, S.C., May 27 /PRNewswire/ -- PeopleMatter, an emerging software company that provides end-to-end strategic human resource software solutions for small to medium-sized restaurant, hospitality, transportation and convenience stores (c-stores), announced today significant additions to the company's Board of Directors.

PeopleMatter has assembled an impressive Board of Directors made up of true industry leaders. Board members are as follows:

• Mitch Mumma, Intersouth Partners: Mitch is primarily responsible for Intersouth's technology portfolio. He joined Intersouth in 1989 at the inception of Fund II. Mitch has full-cycle venture investment experience and has held management positions with various companies throughout his career, including three start-up companies, all of which subsequently went public. Prior to joining Intersouth, Mitch worked in finance and operations for a high growth computer hardware and software company and as a manager in the high growth business practice at Touche Ross & Co. (now Deloitte & Touche).

• Wayne Hunter, Harbert Management Corporation (HMC): Wayne L. Hunter was named as one of the "25 Most Influential People in Southeast Technology" by TechJournal South. Prior to joining HMC, he was a founding Managing Director and the head of Wachovia's Technology Investment Banking Group.

• John E. Cay III, Wells Fargo Insurance Services: Cay currently serves as vice chairman of Wells Fargo Insurance Services, the third largest insurance brokerage firm in the United States.  Cay formerly served as chairman of Wachovia Insurance Services.  Previously, he served as chairman and chief executive officer of Palmer & Cay, until its merger with Wachovia in 2005. During his career Cay has served as a board member, director, or chairman for more than 30 organizations, including two New York Stock Exchange companies and a number of the region's most prestigious not-for-profit entities.

• Phil Fauver, ADP Employease Inc.: As the retired chairman and chief executive officer of ADP Employease, Fauver has more than 30 years of experience directing the introduction, positioning and establishment of leading edge technology. Previously at PeopleSoft, Mr. Fauver held senior executive positions with responsibilities for U.S. sales, field deployment, recruiting, organizational design and operations. From 1991 to 1999, he served on the CEO's senior management advisory team and played a leading role in driving PeopleSoft's growth from approximately $6 million to almost $1 billion in revenue.

In addition, Ted Bender, co-founder of Croft & Bender, acts in an advisory position on the PeopleMatter Board of Directors. Bender was a managing director of the corporate finance department at The Robinson-Humphrey Company, Inc. and was a member of its Board of Directors. Bender has been involved in virtually all types of transactions with companies in many industries, including general manufacturing, healthcare, technology, restaurants, insurance, banking, and business services. Bender has served and continues to serve on the Boards of several corporations and is also a Managing Partner of C&B Capital, a growth equity fund affiliated with Croft & Bender.

"I am excited to have our two newest board members, John Cay and Phil Fauver, join our board. These two veterans bring a tremendous amount of relevant industry experience to our board and will help shape the aggressive growth plan we have mapped out for PeopleMatter," said Nate DaPore, president and chief executive officer of PeopleMatter. "Our entire board brings an incredible amount of leadership as well as tireless focus on portfolio company success. Their experience and tenacity will help us grow at a very competitive rate."

About PeopleMatter

PeopleMatter offers small to mid-sized employers in the restaurant, hospitality, transportation, and convenience store verticals easy-to-use, end-to-end strategic human resource software solutions to help manage employees at every stage of their career. Its powerful, flexible tools streamline hiring, on boarding, training, performance review, succession planning, scheduling, and compensation supported by an ongoing social networking and communication layer of tools. The privately-held company's products and services help companies navigate today's unique, modern HR needs in an efficient, effective way, allowing them to adapt to changes in employees' needs, ultimately attracting the best talent and retaining them long-term. PeopleMatter is headquartered in Charleston, SC. For more information visit www.peoplematter.com

SOURCE PeopleMatter

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