Bergeron's Back: Ex VeriFone CEO Forms New Company with GTCR

Former VeriFone CEO Douglas Bergeron has partnered with private equity shop GTCR to form Opus Global Holdings, a company that will pursue acquisitions in the financial technology and payments sector.

GTCR will invest up to $450 million of equity capital to support the new company’s strategy, while Bergeron will invest up to $50 million and serve as Opus’ CEO. Bergeron previously worked with GTCR to invest in VeriFone’s expansion in 2002.

“The existing financial technology and payments ecosystems are rapidly evolving, but remain highly fragmented with limited interoperability and little opportunity to leverage enterprise-wide data,” said Bergeron in a Sept. 25 press release. “We see an opportunity to successfully consolidate and globalize best-in-breed products for worldwide development while leveraging data across applications.”

Bergeron left VeriFone in March as the company’s performance struggled and it made disclosures about possible dealings in Iran. VeriFone hired Paul Galant, a former Citigroup executive, to be its new CEO effective Oct. 1. Richard McGinn has served as VeriFone’s CEO on an interim basis.

Prior to VeriFone, Bergeron served as CEO of SunGard Brokerage Systems and president of SunGard Futures Systems. He also served as CEO of Geac Computer and Group President at Gores Technology Group.