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Versapay Selected by Terradatum for Accounts Receivable Automation Solution

Published on 3 min read

Glen Ellen, CA ; Toronto, ON – June 14, 2016 – Versapay Corporation (TSXV: VPY) ("Versapay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that it has been selected by Terradatum Inc., to supply ARCTM its cloud based invoicing and accounts receivable automation platform. Terradatum Inc. provides real estate technology software solutions.

“Since 1989, Terradatum has been working with real estate companies across North America, assisting them to gain deeper insights into the markets they serve with our BrokerMetrics® suite and other analytic services we offer. That in turn has resulted in our own rapid growth, so we look to technology solutions to help us scale in an efficient and cost effective manner,” commented Mark Spraetz, President and CEO. “With the Versapay solution we can securely and confidently manage the large and growing demand from our customers seeking the convenience of more automated, secure on-line payment options in addition to credit cards.”

“We are pleased that Terradatum has chosen Versapay to work with. As a technology company themselves they quickly recognized the benefits of collaborating online with their customers and enabling them to transact electronically on the ARC platform,” stated Craig O’Neill, CEO at Versapay. “Every day we are meeting more and more companies like Terradatum, companies looking for the means to invoice their customers and collect payments more efficiently. As an easy to use, cloud-based, PCI compliant solution, ARC is exactly what they are looking for.”

About Terradatum

Since 1989, Terradatum has been an industry leader of innovative real estate technology software solutions focused on providing the best market analysis and metrics to real estate professionals. We are proud to serve over 3,000 offices that use our flagship product, BrokerMetrics®, in their daily business, www.terradatum.com.

About Versapay

Versapay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. Versapay’s ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. Versapay is headquartered in Toronto, Canada and also has operations in Montreal.

Forward-looking and other cautionary statements

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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