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Mitek Systems, Inc. (MITK) Welcomes Bruce Hansen, Jane Thomson, And James Hale

|Includes: Mitek Systems Inc. (MITK)

Personnel changes are happening at Mitek Systems, which announced yesterday that they've welcomed new three people. Mitek's board of directors elected Bruce Hansen as independent director, effective immediately, while Jane J. Thompson and Jim Hale have joined the company's advisory board.

Already a veteran of Mitek's advisory board, Bruce Hansen brings decades of "big data" analytics industry experience, having served as the co-founder, former chairman, and CEO of ID Analytics, a consumer risk management company. During his tenure, Mr. Hansen built ID Analytics from concept-stage into a high-growth, profitable firm serving over 280 enterprise clients and five million consumers. Mr. Hansen also served as president of HNC Software and CEO of the Center for Adaptive Systems Applications. Mr. Hansen replaces William P. Tudor, who is rotating off the board of directors after eight years due to health reasons. Mr. Tudor will continue to serve on Mitek's advisory board.

Jane Thompson is recognized as an innovator in financial services, achieving significant profit growth based on her consumer insights and operating leadership skills. As founder and former president of Walmart Financial Services for nearly a decade, and owner of her own firm, Jane J. Thompson Financial Services, LLC, she brings over two decades of consumer-level strategy and marketing expertise to Mitek. Her resume includes executive roles at Sears, Roebuck & Co., partnership at McKinsey & Company, and brand management at Procter & Gamble. Ms. Thompson also serves on the board of The Fresh Market (Nasdaq: TFM) and was formerly on the board of ConAgra.

Jim Hale is a successful innovator with 35 years of experience in management, private equity, and commercial and investment banking. In 1998, he co-founded FTV Capital, a growth equity fund with over $1 billion under management. Prior to FTV, Mr. Hale was senior managing partner and head of the Financial Institutions Group at Montgomery Securities. Under Mr. Hale's direction, the team advised high-growth technology companies on hundreds of mergers and equity capital markets transactions, including numerous IPOs. Mr. Hale currently serves on the board of directors of Official Payments Holdings (Nasdaq: OPAY) and the State Bank of India (California), as well as two non-profit organizations: Public Radio International and St. Ignatius College Preparatory Foundation, an endowment fund.

James DeBello, Mitek's president and CEO, remarked, "We are delighted to have these high caliber executives join us as senior advisors to Mitek. The breadth of our board members' collective experience is invaluable as we position the Company to take advantage of the mobile financial services market opportunity. Mitek has greatly benefitted from Bill Tudor's stewardship over the years and, on behalf of Mitek's board of directors, I would like to sincerely thank Bill for his many contributions. We look forward to his continued counsel as a member of our advisory board."

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