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Ipsidy Appoints Phillip Kumnick as CEO and Philip Broenniman as President and COO Philip Beck to Continue as Chairman

Ipsidy Inc., a provider of an Identity as a Service (IDaaS) platform and a suite of secure, mobile, biometric identity solutions available to any vertical, today announced the following appointments and management changes.

  • Phillip Kumnick – Chief Executive Officer.  Mr. Kumnick brings a wealth of industry experience to the position, with over 30 years as a senior executive in the payments industry. His most recent experience leading and growing Visa’s worldwide acquirer and merchant processing services and his focus as a product owner and developer of Visa’s critical entry into encryption, tokenization and biometric identity services at the POS, give him significant insight on how to further refine the Company’s global platform and product strategy.
  • Philip Broenniman – President and Chief Operating Officer.  With over 25 years of experience as an investment manager, entrepreneur, and strategic advisor, Mr. Broenniman will help maintain the Company focus on execution of strategic goals and the delivery of Ipsidy products to the marketplace.
  • Philip Beck – Chairman of the Board.  Mr. Beck, with extensive knowledge of the identity industry and platform operations, will focus on the strategic vision of the Company and how best to deliver on the potential of the Ipsidy technology.
  • Tom Szoke – Chief Solutions Architect.  With 25 years of engineering, global sales and operations management, Mr. Szoke will take the lead on the technical aspects of Ipsidy’s sales activities and on ensuring platform solutions are designed to best meet customer needs.

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The appointment of two seasoned executives to the Ipsidy management team reflects the continuation of the Company’s strategic vision of becoming a global leader in digital identity solutions. Working closely with the Board, the expanded management team will help Ipsidy accelerate delivery of its best-in-class IDaaS technology, product suite, and services.

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 “I am excited about Ipsidy’s future,” said Phil Kumnick, CEO, Ipsidy Inc. “Our IDaaS platform offers tremendous potential for delivering innovative identity solutions. Supporting a range of market segments across both developed and developing markets and from face to face interactions to virtual transactions, our solutions deliver the greater identity certainty that today’s digital world demands.  I very much look forward to leading the Ipsidy team on execution of our plan.”

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“I am delighted that Phil Kumnick has agreed to assume the mantle of day-to-day leadership,” said Philip Beck, Chairman, Ipsidy Inc.  “He brings extensive global experience and depth of knowledge in data security services, technology product management, and platform development.  I look forward to continuing to work with him to help Ipsidy achieve our goals.  We are also very pleased that Phil Broenniman has agreed to assume additional responsibility as we refocus and redouble our efforts to bring our products to the wider market.”

Phil Broenniman, President and COO Ipsidy Inc. added “I believe that Ipsidy is well positioned to deliver innovative identity solutions that allow businesses to grow with reduced risk and greater identity assurance. I very much look forward to being an integral member of the Ipsidy team to help execute our strategic plan.”

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