NFC Vendor Adds Ex-PayPal GM as CEO

Eric Duprat, former general manager of mobile at PayPal, named CEO of Verayo

April 19, 2011

1 Min Read

SAN JOSE, Calif. -- Verayo, a security and authentication solutions provider, today announced the appointment of Eric Duprat as chief executive officer. Bringing more than 20 years of global management experience and expertise in the wireless, security and payment systems industries, Mr. Duprat is positioned to take Verayo's unclonable authentication solutions to the next level for mobile security, NFC payments and marketing applications. Former CEO Anant Agrawal will remain a close advisor to Verayo.

Prior to joining Verayo, Mr. Duprat was the general manager of mobile at PayPal, where he successfully led the company's mobile business unit from $7 million of payment volume in 2007 to a forecasted $2 billion in 2011. An influential global executive, he has established an industry reputation as a results-oriented leader with a track record of directing global organizations for Fortune 500 companies and start-ups. He has also held executive positions at VeriFone, Hypercom and Inside Secure.

"NFC technology is going to enable a new, level playing field worldwide. Just like e-commerce, this new playing field must be rooted on cost-effective and secure foundations to enable trusted applications including mobile payments, loyalty, coupons and more," said Dr. Srini Devadas, Professor and Associate Head of Electrical Engineering and Computer Science at MIT and CTO and Co-founder at Verayo. "Verayo has received outstanding leadership and now as the company moves into the mobile security and commerce services market, Eric Duprat, with his rich experience and expertise in security and payments, will build on the success of Verayo's core technology and solutions and lead the company into its next phase."

Verayo Inc.

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