S1 Corp. Fires CEO

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Online banking software vendor S1 Corp. said it terminated its CEO Jaime Ellertson, and brought back company co-founder and chairman James Chip Mahan as chief executive officer to head the firm amid flat sales growth.

Revenue for S1, the parent of Edify, slumped 3% last year to $241 million, though revenue climbed 11% in the first quarter to $62.4 million.

Still, net income was only $720,000, or a penny a share, for the first quarter.

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