TRAXPAY NEWSROOM

Traxpay Wins Acquisition International’s 2015 Business Excellence Award

Mountain View, California / Frankfurt, Germany – Traxpay, pioneer in business-to-business (B2B) Dynamic Payments, today announces that its CMO and SVP Product Management, David Desharnais, was awarded with the esteemed “2015 CMO of the Year Award for B2B Innovation and Global Markets” by the publication Acquisition International. The monthly corporate finance trade publication with over 100K subscribers in 170 countries prides itself on the validity of its awards which are given solely on merit, without any commercial requirements or barriers to entry, to commend individuals whose ingenuity and hard work distinguishes them from their competitors.

Nominations for the prestigious award are subject to a lengthy and in-depth assessment process, designed to enable jurors to separate the truly remarkable from their peers. The publisher’s global network of partners and industry experts are invited to vote for the winner amongst a list of finalists who are determined based on supporting evidence, in-house research, and the expertise of corporate leaders in various industry segments.

Nathan Angell, Awards Co-ordinator, said: “We’re proud to be able to showcase Traxpay with this award alongside some of the most innovative and committed organisations from across the wider business world. The success that Traxpay has achieved is testament to the amazing work they have put in over the past 12 months to achieve consistently stellar results for their clients while really setting the standards for what can be achieved in their sector.”

David Desharnais joined Traxpay in 2012 with over 20 years of experience in helping to develop and market some of the world’s most successful enterprise software and hardware products. Previously, Desharnais led product management and marketing for Cadence Design Systems where he helped double portfolio revenues to more than $1 billion in annual sales during his tenure. Prior to Cadence, he held senior design engineering positions at Lattice Semiconductor, Pixelworks, and Sharp Microelectronics, and served on the executive board of Sequent Learning Networks. Desharnais holds a B.S. in Electrical Engineering, and a Master of Business Administration and Finance from the University of Washington.

“I convinced David to come to Traxpay as CMO and Head of Products knowing that he is the best B2B software marketing and products guy in the business, and exactly the right individual to help Traxpay realize its vision of revolutionizing the B2B payments space,” said CEO John Bruggeman. “Three years later, with a fast-growing list of global customers, a ‘who’s who’ of industry partners, and a company that has repeatedly been recognized as one of the hottest FinTech players on the planet, it is no surprise to me that David has been recognized as 2015 CMO of the Year by the community for Business Excellence. Personally, and on behalf of the broader Traxpay team, we congratulate David on this achievement, and the recognition he so richly deserves.”

The Traxpay B2B Dynamic Payments platform was created to fulfill the need for faster, safer, smarter B2B transactions, a market worth $300 trillion annually. The modular, SAP-certified, cloud-based platform enables Dynamic Payments that are able to adapt in real-time to the complex and constantly changing parameters which define B2B trade.

About Traxpay
Traxpay, a pioneer in B2B Dynamic Payments uniquely connects banking, transaction data, and B2B commerce together to provide the utmost in visibility and control for B2B buyers and suppliers. The modular, SAP-certified, cloud-based solution provides and enables secure and flexible payments, and value-added financial services that can adapt in real-time to the ever-changing parameters and complexities that define B2B trade. Unlike legacy static payment services which are disconnected from the rest of the process, Traxpay embeds Dynamic Payments directly into existing business networks and processes (P2P, O2C, ERP, etc.) and connects and monitors all associated transaction data along with the payment itself.  As B2B transactions regularly require payments to be split, combined, rerouted, canceled, partially refunded, factored, financed, put into escrow, executed on condition, paid on delivery, discounted, or in some other way dynamically altered during the course of the transaction, Traxpay provides full track-and-trace capabilities and ensures all parties and systems are synchronized. Traxpay’s event-driven workflow constantly monitors for changing terms, then executes and settles the payment accordingly, completing the last mile of the transaction, and enabling faster, safer, and smarter B2B trade.

Traxpay’s mission is to revolutionize business commerce by transforming the way that companies pay and get paid. The company has received numerous industry awards, is privately held, and is headquartered in Frankfurt, Germany with operations in Mountain View, California.

For more information, visit Traxpay or follow us on @traxpay.

Traxpay Media Contact:
Sandra Iris Eilenstein
ITPR Information-Travels Public Relations
1 +49 (89) 89 86 87 20
sandra.eilenstein@information-travels.de