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Mr. Pay joined the company in January 2005. As a member of the executive management team with responsibility for corporate strategy, Mr. Pay's mandate is to develop the Company's technology and product portfolio, and to expand its geographic scope through a combination of M & A, partnerships and alliances, and key customer relationships. Prior to joining the Company, Mr. Pay was a senior Director at a $400 million venture capital company where he specialized in early stage technology investing. During his eight years as a venture capitalist, Mr. Pay was instrumental in the creation of investment clusters in the digital media and enterprise content management sectors. His particular focus was on digital image capture devices and video processing technologies. Prior to this Mr. Pay spent three years in corporate banking for a Schedule I bank where he was involved in the structuring of large, complex credit and financing transactions for the corporate and institutional marketplace. Mr. Pay received his MBA from the Rotman School of Business at the University of Toronto. | 