|By Business Wire||
|September 23, 2013 05:30 PM EDT||
Digital Insight, a leading provider of technology solutions to financial institutions, today announced the appointment of John O’Malley as its new Chief Executive Officer. O’Malley is an experienced financial services and technology veteran who brings over 30 years of knowledge to Digital Insight, along with his expertise in developing high performing companies and helping financial institutions solve important business challenges. He will assume his role as CEO on November 1, 2013.
O’Malley joins Digital Insight with prior experience as the CEO of Panini, a provider of payment technology. Prior to that he was the CEO of Memento, which was acquired by Fidelity Information Services (FIS), and President and CEO of Harland Financial Solutions where he led its growth from a small subsidiary to one of the leading providers of financial technology in North America. He has also held senior positions with Fiserv, Hogan Systems (now part of Computer Sciences Corp) and the J.H. Harland Company (now part of MacAndrews and Forbes). O’Malley also brings strong experience and innovation to both traditional and alternative payment solutions. He has extensive knowledge in global finance, enterprise sales and fulfillment solutions, enterprise big data, fraud and risk management.
In August, 2013 leading middle-market private equity firm Thoma Bravo acquired Digital Insight, known as Intuit Financial Services, from Intuit. O’Malley assumes the role currently held by CeCe Morken, who remains with Intuit. The company re-branded as Digital Insight at the time of the purchase, returning to the name it originally held before being acquired by Intuit in early 2007.
“I have known John for many years as a peer in the financial services sector, and couldn’t be more confident in his ability to build on Digital Insight’s 20 year pedigree as a pioneer in the Internet banking space and aggressively lead the company toward new successes,” said CeCe Morken, current Chief Executive Officer of Digital Insight. “Further John’s penchant for seeking and delivering on innovation, passion for the customers and his experience leading diverse organizations will be highly valued by our customers, partners and employees for years to come.”
“Digital Insight is a company with a deserved reputation for customer-driven innovation and market leadership in the financial services community, and I look forward to further leveraging and building upon the unique advantage the company has in working with mid-market financial institutions to arm them with the solutions they need to build long-term relationships with their customers,” said O’Malley. “I am eager to join a company both established and disruptive and engage our remarkable network of customers, partners and employees in continuing to define and deliver on the needs of financial institutions.”
“O’Malley brings a passion for optimal and effective management and performance to every engagement,” said Holden Spaht, a partner at Thoma Bravo. “He is a proven leader who delivers stellar results and has the breadth of experience and credibility necessary to lead Digital Insight forward on a clearly defined and successful path.”
About Digital Insight
Digital Insight helps banks and credit unions achieve their goals and grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. Our proven banking innovations give financial institutions the flexibility and control to engage more, increase retention and cross-sell effectively.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm applies its own industry consolidation investment strategy and process, which seeks to create value by partnering with a company’s management to improve business operations and make strategic acquisitions that will accelerate growth. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. For more information, visit www.thomabravo.com.