Newsletter logo   Search News     Daily News   

Published:

SMS Vanacore Announces New Name & Appoints CEO

Outside Investment to Expand Capabilities & Service

SMS Vanacore, a global leader in the field of unclaimed property and owner locations services, announced today that it has changed its name to Venio, and has appointed Michael O'Donnell to the newly created position of CEO.

The changes are driven in part by a recent financial investment in the company by DFW Capital Partners, a private equity investor that seeks opportunities to develop companies demonstrating high-growth potential; in particular those that utilize technology in a proprietary or unique way.

"The investment in our company at this time is significant," notes Nick Nichols, Executive Vice President. "It reinforces the confidence we have in our business model and strategy, which remains centered on providing our clients with the best search results and compliance services."

Michael O'Donnell, a business executive with over 20 years of experience managing companies in the professional services and IT industries, has been chosen to guide Venio's strategic vision and mission during this expansion phase. Mr. O'Donnell has a proven record of successfully leading privately held companies through mergers and acquisitions, and managing investment capital for continued long-term growth. Venio's existing management team will remain unchanged.

The new name provides an opportunity to build a unified brand, as a recent transaction brought together SMS Vanacore and Jaisan, the leader in owner location services for the Banking industry. Venio is taken from the Latin "invenio," which means to come upon, find, discover.

While Venio builds on its strength in the unclaimed property marketplace and further expands its vertical industry market expertise, clients will experience the same dedicated, personal level of service and support they have come to expect.

More information on Venio's unclaimed property services and support can be found at www.venio.com

About Venio

Venio finds owners of unclaimed assets and abandoned property for banks, brokerage firms, mutual funds, insurance companies and publicly held companies. Its search/location, reporting and risk management services ensure compliance with SEC and state regulations, reduce expenses and improve customer/asset retention. With over 40 years of experience, Venio has recovered and restored hundreds of millions of dollars in unclaimed assets and abandoned property for clients.


Tags: ,FinancialServices:Commercial and InvestmentBanking, FinancialServices:Insurance, FinancialServices:InvestmentServicesandTrading, ProfessionalServices:InvestorRelations, RealEstateandConstruction:CommercialRealEstate, ,NY,NEW YORK, NY

  care2 logo  digg logo  
 


Be Interviewed today

Editorial Cartoons
Political Cartoons

newsletter logo
Get Chitika Premium



Sponsor Links:

Writers Wanted
Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer
Relevant Sites:
NewsBlaze 
Copyright © 2004-2009 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy       Support    Press Room