VersAccounts* Announces Strategic Advisory Board Consisting of Accounting, ERP, and Business Intelligence Industry Veterans

PORTLAND, Ore., VANCOUVER, British Columbia, and TORONTO, Nov. 5, 2013 /PRNewswire/ -- VersAccounts* Ltd. today announced that is has tapped the expertise of three highly experienced former Sage Group executives to help it scale the company and prepare it to meet the rapidly growing global demand for affordable cloud-based mid-tier ERP systems.

"I want to thank Gary, Motasim and John for volunteering their expertise to help guide and grow VersAccounts to serve the needs of SMBs," said Sunil Pande, CEO of VersAccounts. "Each of our founding Advisory Board members has broad experience building a business software company from the ground up and successfully scaling it to become a global player"

"Every year medium sized companies spend over $2.5B globally on purchasing new ERP systems and related services," said Peter Liao, Head of Sales and Marketing at VersAccounts. "In-spite of this, not much has changed in the last 30 years – not the available solutions, not the solution providers, not the business practices."

But things are finally changing. The advent of cloud and mobile technologies has allowed new solution providers like VersAccounts to enter the market. Not burdened by legacy practices, burdensome cost-structures, and legacy products that have deep technical debt, companies like VersAccounts are able to respond faster and more completely to customers' needs, delivering fresh new products to them as well as more customer and partner friendly approaches to doing business.

"We look forward to aggressively exploiting this critical inflection point by delivering more capable solutions, at lower price points, with higher levels of service and flexibility to our customers. We will combine this with much closer and more equitable relationships with our partners to bring a whole new way of doing business into the market", continued Sunil Pande. "Leveraging the deep expertise of our Advisory Board members will be key in helping us build VersAccounts into a leading global supplier of affordable mid-tier ERP solutions."

Our founding Advisory Board Members are:

Gary Boddington
Gary joins the VersAccounts Advisory Board after spending over 12 years building South Africa based Alchemex into a global supplier of market leading Business Intelligence solutions for mid-sized companies, and managing its eventual acquisition by the Sage Group. Most recently Gary was EVP and General Manager of the Sage Business Intelligence business unit overseeing the incorporation of Sage Business Intelligence offerings into the company's mid-market ERP product families like Sage 100/300/500 ERP, (MAS, Accpac), Sage Timberline Office & Enterprise, Sage X3, Sage MIP Fund Accounting, Sage Act, and Sage Saleslogix.

Motasim Najeeb
Motasim brings over 20 years of experience building and delivering web-based enterprise class business software and services to small, medium, and very large global companies. Starting with his tenure at Healtheon/WebMD, where he was part of the founding team, Motasim led the company through several years of hyper-growth to an eventual IPO and subsequent acquisition. Subsequent to that, Motasim served in executive management positions at Peoplesoft, Oracle, and Tradebeam overseeing the development and delivery of enterprise ERP systems to Fortune 500 companies worldwide. Most recently, Motasim was Chief Technology Officer at Sage North America, where he was responsible for architecting and implementing Sage's strategy around delivering new cloud products like SageOne to market, extending existing on-premise offerings through web and mobile Connected Services, and for implementing new ways of doing business with customers and partners by driving the delivery of friction-reducing product and service capabilities like Auto Update and Sage Business Advisor. Motasim is currently pursuing his love of cloud technologies and new ventures as VP of Engineering at late stage startup Castlight Health.

John Schoutsen
John Schoutsen brings more than 25 years of industry experience to the VersAccounts Advisory Board. Most recently John oversaw Corporate Communications and Press/Analyst Relations at Sage North America. Prior to that John spent 15 years in senior sales and marketing roles at Sage, Computer Associates and Accpac. John is well known and highly respected in the business software industry and is the recipient of multiple industry awards acknowledging his many contributions.

About VersAccounts:
VersAccounts offers cloud Accounting and ERP solutions designed to meet the needs of medium size businesses as well as regional branches of global organizations. Our offerings fill the gap between entry-level solutions such as Quickbooks, Sage 50, and Xero, that cannot meet these needs, and traditional mid-market products like, Sage 100/300/500 ERP, MAS 90/100/200/500, Accpac, Microsoft Dynamics, Intacct, FinancialForce and Netsuite, that are too complex and expensive. For more information please visit http://www.versaccounts.com

*VersAccounts and the VersAccounts logo are registered service marks of VersAccounts Limited

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