Power of Direct Insite
As a market leader in AP automation, AR automation and electronic payments, Direct Insite relies on the leadership, management and decision-making of its talented Executive Management Team and Board of Directors.
Matthew E. Oakes
Chairman of the Board
Chief Executive Officer
Matthew Oakes currently serves as the Chairman of the Board, President and Chief Executive Officer of Direct Insite Corp.
Mr. Oakes shapes the corporate vision of Direct Insite and is focused on driving strategic business growth by combining strong execution skillsets with aggressive performance measurement. He leads the organization in the development and execution of all business processes and operations, and drives constant improvement initiatives with a focus on growing the business and ensuring a high level of customer satisfaction.
Prior to becoming Chairman, President and CEO at Direct Insite, Mr. Oakes held the positions of Director, Executive Vice President, Chief Operating Officer, and Executive Vice President of Client Service at Direct Insite. Before joining Direct Insite, he served as the Chief Operating Officer for several companies including Direct Media Networks and Mall Net Media Corp., both New York based e-commerce and technology companies as well a senior management positions in Westinghouse Corporation.
Mr. Oakes received a Juris Doctorate of Law from Nova Southeastern University and a Bachelor's Degree in Business from Cornell University.
He served with the United States Marine Corps in the Special Operations Group of the 3rd Marine Division and as a Marine Drill Instructor at the Marine Corp Recruit Depot, Paris Island, South Carolina.
Chief Financial Officer, Treasurer & Secretary
Lowell Rush is Chief Financial Officer, Treasurer and Secretary of Direct Insite.
Mr. Rush has 35+ years of experience, primarily in financial management and operational development. He is experienced in strategic planning and implementation, SEC compliance and reporting, cost reduction and avoidance, and corporate development. He plays a key role in leading Direct Insite's financial organization as the company continues to execute upon its growth strategy and explore new strategic opportunities.
Prior to joining Direct Insite, Mr. Rush held positions as Chief Operating Officer of Cosmetic Dermatology, Inc., and CFO of Little Switzerland, Inc., in addition to various financial management roles at Sunglass Hut International and Burger King Corp. He began his career with Big-4 firms Ernst & Young and Deloitte & Touche.
Mr. Rush is a Certified Public Accountant with a Bachelor of Science degree in Accounting from the State University of New York at Buffalo, and holds an Executive Masters of Business Administration degree in International Business from the University of Miami.
Board of Directors
James A. Cannavino
James A. Cannavino was previously Chairman of the Board and Chief Executive Officer of Direct Insite and continues to serve as Director.
Prior to joining Direct Insite, Mr. Cannavino was Chairman of the Board and Chief Executive Officer of CyberSafe, Inc., a company specializing in network security.
Mr. Cannavino previously served as President and Chief Executive Officer of Perot Systems Corporation. At Perot Systems, Mr. Cannavino led day-to-day global operations, as well as strategic planning.
From 1963 through 1993, Mr. Cannavino served in a number of increasingly strategic management positions at IBM, most recently as Senior Vice President responsible for Corporate Strategy and Development. Among his achievements at IBM were the development of the mainframe operating systems. He also restructured the company's $7 billion PC business, an assignment that ultimately led to the development of the IBM PC Company. He also served on the IBM Corporate Executive Committee, Worldwide Management Council, and IBM's integrated services and solutions company. In addition, Mr. Cannavino was a board member for three IBM joint-venture companies, including Prodigy Services, Inc.
Mr. Cannavino currently serves on the boards of 1-800 Flowers, Facilities Maintenance, and National Center for Missing and Exploited Children, and is the Chairman of the Board of the International Center for Missing and Exploited Children. Mr. Cannavino is a long-time member of the Board of Marist College in Poughkeepsie, New York, where he recently served as Chairman of the Board.
Paul Lisiak is a Managing Director of Metropolitan Venture Partners, a venture capital firm he co-founded in 1999.
In his role, Mr. Lisiak negotiates and manages investments, as well as oversees the financial and operational management of the firm. Mr. Lisiak is also the Managing Partner of Metropolitan Equity Partners, which employs a special situation investment strategy with a particular focus on financial services.
Prior thereto, he was a member of the Global High Yield team at Lazard Asset Management. Mr. Lisiak received a BA in Economics from the University of Pennsylvania.
He currently serves as a board member of Capital Payments and Creditmax Holdings and is the Chairman of Reed Energy. Mr. Lisiak brings to Direct Insite's Board experience in finance and management oversight, as well as the perspective of the Company's largest outside stockholder, whom he represents.
Thomas C. Lund
Thomas C. Lund is the founder and Chief Executive Officer of Lund Capital Group, a private commercial real estate company that has holdings in various regions across the United States.
Prior to founding Lund Capital Group, Mr. Lund founded Customer Development Corporation (CDC), a company specializing in database management and marketing for financial institutions and other various companies around the world. Mr. Lund is widely known as a pioneer of database marketing. In 1987, CDC was honored by Inc. Magazine as the eight-fastest growing privately held company in the country. Mr. Lund, who is credited worldwide with many technical and creative innovations in the database marketing industry, also received the coveted "High-Tech Entrepreneur of the Year" award from Entrepreneur Magazine. Mr. Lund sold CDC in November of 1998.
In addition to Mr. Lund's business interests, he and his wife are active philanthropists. Mr. Lund's entrepreneurial success as an industry pioneer in database marketing will be of value to the Board as it seeks to create a more entrepreneurial culture and invigorate sales and marketing efforts.
John J. Murabito
John Murabito brings nearly 30 years of securities industry experience encompassing a broad array of functions, including Chief Executive Officer, Chief Operating Officer and Chief Information Officer of U.S. broker-dealers.
From November 2001 through February 2011, Mr. Murabito was Chief Executive Officer of Hapoalim Securities USA, Inc., and its predecessor companies, including Investec (US) Inc., an affiliate of the Investec Group, an international banking group. In his role as Chief Executive Officer of Investec (US) Inc., Mr. Murabito oversaw a firm with approximately 1,000 employees and $1 billion of assets. Mr. Murabito successfully restructured the company's U.S. operations, including the acquisition and disposition of businesses, to enhance stockholder value.
As Chief Executive Officer of subsidiaries of publicly-traded companies in the United Kingdom, South Africa and Israel, Mr. Murabito implemented structures to enhance corporate governance and controls. Mr. Murabito was a Managing Director in Information Technology at the National Securities Clearing Corporation and served as deputy Chief Information Officer for this essential U.S. securities industry clearing utility.
Previously, Mr. Murabito was a General Partner for investment advisor Weiss Peck & Greer, responsible for information technology and portfolio administration. Mr. Murabito spent 10 years with the investment bank Dillon Read & Company.
Mr. Murabito earned an MBA from the Wharton School at the University of Pennsylvania.