Vendasta welcomes new CFO Richard Cheung

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May 8, 2019 (Saskatoon, CANADA) – Vendasta is pleased to announce the appointment ofRichard Cheung as Chief Financial Officer of the company.
Cheung is a seasoned C-level executive with broad financial and operational experience ina range of high-growth, venture-funded, and early stage companies through to NASDAQlisted public companies. Cheung has previously held the role of CFO at Vancouver-basedTIO Networks Corp. which was sold to PayPal, Inc. for $305 million in 2017, and also servedas Vice President of Business Development for Fusemail, a subsidiary of j2 Global, Inc.
“It is important to be part of a company that serves a large market, and also has a greatcorporate culture and strong leadership team. That’s what I’m finding in Vendasta,” saidCheung. “We’re positioned for enormous growth and are now building a foundation that willallow the business to scale to more than a $100 million annual run rate, which will make us asignificant player in the digital marketing space.”
“Our current growth trajectory requires the skills and experience that Richard brings,” saidVendasta CEO Brendan King. “As we grow through $100 million, we will benefit greatly fromhis experience and knowledge in fundraising, public markets, and acquisitions. We areecstatic to have him on board.”
Small and medium businesses are shifting to software as a service (SaaS), creating a $72billion market in North America by 2020, according to a joint report by Google and AccelPartners.

Vendasta enables anyone selling products and services to small and medium businesses totransform into a SaaS cloud broker, unlocking monthly recurring revenue opportunities. TheVendasta platform allows small businesses to easily purchase, access, and use SaaSproducts in an affordable, accessible way on any device at anytime.
“The evolution of Vendasta’s Platform will lead to enormous benefit for our company, aswell as our vendors, our partners, and the SMBs they serve,” said Cheung. “We’re helpingbuild trust for our partners because their SMB clients know they can access, select, andpurchase ‘best of breed’ solutions from a trusted source: their cloud broker. I’m lookingforward to being part of this vision.”
Cheung begins his role as Vendasta CFO immediately.
About Vendasta:
Vendasta provides an end-to-end e-commerce platform used exclusively by companieswho sell products and services to small and medium businesses – including agencies,broadcasters, publishers, banks, telecoms, and more. Through the Vendasta Platform andits wholesale Marketplace, the SMB-serving companies become cloud brokerages,generating recurring revenue through the sale of SaaS productivity and martech solutions.They are able to instantly provision, market, sell, deliver, bill, and provide reporting for theirSMB clients. In turn, SaaS vendors and developers of SMB products receive access toVendasta’s 1.75 million SMBs through its 10,000 cloud broker partners. The company hasbeen named one of the 50 fastest growing technology companies in Canada and one of thetop 500 fastest growing companies in North America by Deloitte. It has also been listed onCanadian Business Magazine’s Growth 500 for three consecutive years. For moreinformation, visit www.vendasta.com.
Media Contact Information:
Dani Mario
Director of Corporate Marketing & CommunicationsVendasta+1-306-955-5512 (ext. 289)

Read more » https://www.siinda.com/news/industry-news/detail/vendasta-welcomes-new-cfo-richard-cheung

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