San Francisco - July 02, 2007 - Douglas G. Bergeron, chairman and CEO of Verifone Holdings, Inc. (NYSE:PAY), has been named 2007 "Entrepreneur of the Year" by Ernst & Young for the San Francisco and Silicon Valley region.
Bergeron has been chairman and CEO of Verifone since July 2001 when he spearheaded the acquisition of the company from Hewlett-Packard in a transaction valued at $50 million, including $5 million of equity. Since that time, Verifone's sales have tripled and the value of the company has grown to approximately $3 billion. Verifone now enjoys sales in over 100 countries across the world and is leading the rapid proliferation of electronic payments worldwide.
Bergeron remains the single largest private shareholder of the company.
About the Ernst & Young Entrepreneur of the Year Awards
The Entrepreneur of the Year awards program was created and is produced by the professional services firm of Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur of the Year Award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program, which celebrated its 20th anniversary in 2006, honors entrepreneurs through regional, national and global award programs in over 125 cities and 40 countries.
About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. Verifone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. Verifone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.