VC-Backed Card Scanning Solutions Names New CFO/COO

Card Scanning Solutions, which is backed by Insight Venture Partners, Red Oak Growth Partners and Egis Capital, said Friday that it has named David Merenbach CFO and COO. Headquartered in Culver City, Calif., Card Scanning Solutions is a provider of identity management technologies.

PRESS RELEASE

Los Angeles, CA (PRWEB) August 30, 2013
Card Scanning Solutions Inc. is pleased to announce that David Merenbach is joining the company as Chief Operating Officer and Chief Financial Officer. He will be based at the company’s corporate headquarters in Culver City, CA.
As CFO/COO, David will oversee Accounting, Finance, Human Resources, Customer Service, and Technical Support. No small feat! The company has ambitious growth plans and 2013 is a pivotal year to make significant financial investments which target entering new markets and introducing new product offerings.
According to the company’s CEO, Yossi Zekri, “David brings great experience to the company having spent 14 years with Intuit in various finance and operating executive roles. During his career David has worked with many small businesses and has been involved in more than 25 mergers and acquisitions. He is a great addition to our team.”
David is a proud Golden Bear, having graduated from the University of California, Berkeley, with a Bachelor’s degree in Business Administration and an MBA from the same institution. David is an award-winning speaker who has keynoted several financial planning conferences in recent years. He is actively involved in his community and has a passion for improving education. He currently serves as the Chair for the annual fund at Castilleja School in Palo Alto, where he also is on the Advancement Steering Committee, and formerly served on the advisory board for Junior Achievement of the Bay Area. David’s strategic vision and operational expertise are essential for Card Scanning Solutions Inc.’s mission of providing cutting-edge comprehensive identity management solutions. The company’s board and staff are delighted to welcome such an outstanding leader to our team.
Card Scanning Solutions Inc. has been a leading developer of identity management technologies since 1999. It has recently been added to Insight Venture Partners portfolio of investments along with Red Oak Growth Partners and Egis Capital. The company’s innovative solutions process data from drivers licenses, ID’s, medical insurance cards business cards, passports, and checks. Card Scanning Solutions Inc. offers valuable solutions that allow data to be accurately read, captured, and exported in real time to 3rd party applications and services. The company’s identity solution software improves security, increases productivity, and results in greater efficiency and cost savings for a wide variety of industries including Healthcare, Financial Institutions, Hospitality, Security and more. For more information, please visit http://www.card-reader.com/.