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Thursday, 23 July 2020 13:18

Vell Recruits CEO of SaaS Fintech co. in the Bay area

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Tom Glassanos

President and CEO

> Location: Pleasanton, CA
> Industry: FinTech/SaaS
> Other experience: EVP, eBusiness, PeopleSoft | VP, Marketing & Apps, Edify
> Ownership: Private - division of public co. RDM Corporation (TSXV:RC) - acquired by JP Morgan Chase

Pleasanton, California - July 17, 2000: Xign Inc. a leader in electronic check technology, today announced the appointment of Silicon Valley veteran Thomas M. Glassanos to the position of President and CEO. Glassanos, 44, will oversee all Xign business operations and lead the commercialization of Xign's electronic check software. Glassanos' appointment follows the recent closing of Xign seed funding from Charles R. Schwab and the appointment of Mr. Schwab to the Xign board of directors. 

"Tom Glassanos stands out as an accomplished and successful innovator of Internet solutions serving the needs of global enterprises and financial institutions," said Xign Inc. Chairman Robert Nally. "We are delighted to have his proven leadership at the helm of Xign to execute on our powerful business vision." 

Glassanos brings two decades of experience in general management, marketing and financial services to his new role at the Pleasanton, California-based start-up. Before joining Xign, Tom was Executive Vice President for eBusiness at PeopleSoft Corporation where he served as general manager of PeopleSoft Internet applications. Prior to that he built the Industry leading Internet banking application business at Edify Corporation, later acquired by S1 Corporation. Glassanos also served as VP Marketing for two successful IPOs and holds an MBA from Harvard University. 

"Xign is uniquely positioned to establish electronic checks as the global currency of the Internet economy, " said Glassanos. "I am excited about the scope of Xign's opportunity and the immense value electronic checks will bring to business operations worldwide." 

About Xign Corporation

Xign Corporation operates the leading global settlement network for business. Xign's suite of on-demand applications is the first to automate the complete commerce cycle – from electronic order delivery to electronic invoice and payment processing – to streamline operations and monetize working capital. With more than $100 billion in transactions processed and a fast growing network of 40,000-plus global suppliers, Xign offers the most complete and widely deployed service of its kind. Xign is headquartered in Pleasanton, CA. For more information, visit

Read 366 times Last modified on Wednesday, 09 December 2020 12:22
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults,, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.