VeriSol Team

The members of the VeriSol team bring together a powerful combination of technical expertise, industry knowledge, and business experience. Members of the team have extensive backgrounds in the insurance industry, auto liability insurance reporting, and in real-time verification with a company that has hundreds of thousands of businesses using its software for payment processing. That software was acquired by VeriFone, the global leader in secure electronic payments systems. In 2003, the team set up Verification Solutions, Inc. (VeriSol), to design, develop, and market real-time vehicle insurance verification software. The system design for VeriSol Vehicle Insurance Verification (VIV) is similar to payment processing. In both systems, authorized users make requests for verification through secure software that routes the requests, accesses real-time information in multiple databases, and then responds to the users.

VeriSol Management

Charles Pecchio has served as Chairman, President, and Chief Executive Officer of VeriSol since its inception in 2003. He was Chief Executive Officer of 3001, Inc., a provider of geospatial services to federal, state, and local clients and classified federal agencies, from 2004 to 2005. From 2002 to 2005, he also served as a director of 3001 and as Vice Chairman. In 2008, 3001 merged with Northrop Grumman Corporation. From 2002 to 2005, he served as Chairman of the Board of Return On Investment Corporation (ROI), which was the parent company of GO Software, Inc., a leading provider of payment processing software, until its sale to VeriFone Holdings, Inc. (NYSE: PAY). From 1994 until 2002, he also served as President and CEO of ROI and its predecessor companies. Since 1985, he has provided several companies in the U.S. and Europe with capital and consulting services related to business development, mergers, and acquisitions. From 1988 to 1992, he served as a director of Spiro International SA, a Swiss public company, and as an officer and director of several affiliated companies in the U.S., the U.K, Germany, France, and Switzerland. Mr. Pecchio was a co-founder, and, from 1985 until 1992, he served as President and CEO of International Management Group, Ltd. (IMG), a venture management company that became Spiro Management Group, Ltd. in 1988. He negotiated the acquisition by IMG of Honest Face Systems, Inc., a check guaranty and financial transaction processing company, from Telecredit (now Equifax). He served as President and CEO of Honest Face from 1986 to 1988 and negotiated its sale to Comdata Holdings Corporation (now a subsidiary of Ceridian Corporation). Mr. Pecchio’s previous experience includes financial, sales, and management positions with Walston & Co., Value Line Mutual Funds, IBM Corporation, Foxboro Company, General Computer Corp., TeleVideo Systems, and NEC Information Systems. Mr. Pecchio is a founder of Community Catalyst Corporation, a non-profit organization that serves youth, senior citizens, and the handicapped, and he serves as Chairman of CCC. He holds a Top Secret clearance from the U.S. Government.

Linda Gray serves as Executive Vice President of VeriSol. Previously, she served as Director of Marketing for Return On Investment Corporation (ROI), responsible for all marketing activities including media, advertising, trade shows, literature, newsletters, and web sites. Prior to joining ROI, Ms. Gray performed similar duties at Softrol Systems, Inc., a manufacturer of software and controls for industrial washing systems. She formerly was Director of Marketing Services at GCC Management Group and managed all marketing activities for a professional basketball team and an employee relocation company. At GCC, she also was involved in sales of services and advertising. Ms. Gray also was Manager of Customer Service and Administration at Zumpano Enterprises, an importer of clay tiles, marbles, and granites.

Daniel L. Beres serves as Southern Division Vice President. He was previously Southeast Business Manager for Intel Corporation, responsible for Solution Centers in Georgia and Virginia, including setting up the data center facilities, hiring staff, securing initial projects, and managing on a P&L basis. The Solution Center concept allowed testing of new configurations for clients using Intel technology and included: Disaster Recovery and Crisis Management, Server Consolidation and Virtualization, Grid Computing, Improving Network Throughput, and Hierachical Storage Management. Prior to Intel, he was Southeast Business Manager for ObjectAutomation, a provider of software for networked factory automation to users like Columbia Gas, Fluor, William Bros., and NASA. Mr. Beres also was President of Automation Products Corporation, which designed, sold, and installed communication and automation systems to manufacturing, energy production, medical, and automotive businesses, and to the federal government. He has also served as Vice President of Sales for two Intel companies. His previous experience includes positions as General Manager and Vice President of Engineering for other high technology companies.

Kevin P. McDonough serves as Northern Division Vice President. He also is the Vice President and AGM of Dickstein Associates Agency, LLC, a large multi-line Trusted Choice Insurance Agency based in New Jersey. He is current Board Member, Past Chairman and President of the Independent Insurance Agents of Monmouth County. He is a former board member for the Independent Insurance Agents & Brokers of New Jersey and currently serves on The Trusted Choice Committee. Mr. McDonough holds the Certified Insurance Counselor (CIC) and Certified Risk Manager (CRM) Designations. He is a volunteer for the Sunshine Foundation, Polar Bear for The NJ Special Olympics and Den Leader for Pack 145.

Edward S. Yco serves as Chief Technology Officer. Since 1997, he served in several positions at Return On Investment Corporation (ROI) and its subsidiary, GO Software, Inc., which was acquired by VeriFone, including Chief Technical Officer, responsible for directing all technical aspects of ROI, Director of Alliances, responsible for managing ROI’s relationship with its alliance partners, and Director of Technical Services, responsible for managing product delivery, technical services, and support. Prior to joining ROI, Mr. Yco was with IBM for 30 years, where he led development of several IBM products and enhancements and coordinated their announcement, including software for IBM manufacturing terminals, ATM and other banking terminals, telecommunications, multiplexers, terminal emulators, and distributed processing systems. He also served as Product Manager for IBM AIX Marketing. His last position with IBM was Consulting Product Manager, AS/400 Division Marketing, where his responsibilities included coordination of marketing readiness for AS/400 hardware and software product announcements, definition of future product content, simplification of products and processes, and development of marketing plans for new products. As a Product Administrator with IBM, Mr. Yco also evaluated external proposals for investment and joint marketing by IBM. He also has international business experience in Asia and Europe.

Stuart Kane serves as Director of Systems Engineering. Mr. Kane has over 17 years of experience in insurance operations and automation. Prior to VeriSol, he was with Paragon Interface which was purchased by INSpire Insurance Solutions, where he developed data mapping and translation software and Electronic Data Interchange (EDI) software for the insurance industry. He has worked with insurance companies, an insurance agency, and insurance software companies. As a Project Manager, he has implemented several projects utilizing Microsoft Project and PlanView.  His experience includes analysis, development, testing and implementation of software for insurance agency management and Automobile Liability Insurance Reporting (ALIR). Mr. Kane has experience with Java, SQL/PLSQL, Oracle Enterprise Manager, and Microsoft and UNIX/Linux operating systems. He also utilized AL3, X12 and XML for EDI HTML for Web interfaces. Mr. Kane is a member of the Project Management Institute (PMI) and follows the PMI processes for project management, is an Oracle Certified Professional (OCP) Database Administrator (DBA), is a Chartered Property Casualty Underwriter (CPCU), and is an Associate in Risk Management (ARM).

Steven Saavedra serves as Chief Systems Architect. Previously, at VeriFone, he was responsible for an electronic payments middleware product. He also developed custom applications for clients through VeriFone’s Professional Services organization. Mr. Saavedra began his 27 year software development career in the defense industry where he designed and implemented systems for weapon system training for Delex Systems, Inc., advancing to a systems architecture position. Mr. Saavedra also has 13 years experience in the hospitality industry where he developed the RapidFire restaurant system, which included point-of-sale and back office applications. RapidFire was implemented at over 4,500 restaurants in the U.S. and Canada. As the ownership of RapidFire changed hands, he moved from China Lake Systems, Inc, to RapidFire Software, Inc., to Radiant Systems, Inc. and finally to SolutionWorks Group, Inc. Through his work of integrating credit card processing into the RapidFire product line, Mr. Saavedra acquired electronic payments industry knowledge which he brought to VeriFone.