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Direct Insite Appoints Joan Doyle Foley Vice President of Sales

SUNRISE, Fla., Jan. 19, 2012 /PRNewswire/ — Direct Insite (OTC BB: DIRI), a leading provider of on-demand solutions for accounts payable, accounts receivable and payments automation, today announced that the company appointed Joan Doyle Foley Vice President of Sales.

Foley will be responsible for leading and expanding Direct Insite's sales team, driving the company's worldwide direct sales activities, and managing channel partnerships.

"Joan is a high-energy executive with a strong track record in selling SaaS and enterprise applications to global companies," said Direct Insite President and CEO Matthew E. Oakes. "We are confident that Joan will provide significant value in implementing the strategic initiatives necessary to elevating Direct Insite's performance."

Foley brings an impressive track record in sales leadership to her position at Direct Insite. Foley has served in senior sales management positions at IBM, Oracle and Hyperion, where she led teams to achieve significant revenue growth. Additionally, she helped launch SuccessFactors (which later went public and was recently acquired by SAP) and Valchemy (which was acquired by IBM). Most recently, Foley was vice president of sales for FirstRain, where she was instrumental in building a sales team focused on the enterprise market, as well as working closely with the executive team on overall corporate strategy.

"I am excited to be joining Direct Insite," said Foley. "The company's strong team of professionals and outstanding portfolio of financial supply chain solutions positions it well for growth. I look forward to leveraging my sales expertise and experience in enterprise financial applications to help lead the company to outstanding results."

Foley earned a Bachelor's of Science in Engineering from Michigan State University.

About Direct Insite

Direct Insite delivers on-demand AP and AR solutions that are deployed fast, with minimal cost and operational impact, and provide significant benefits across the financial supply chain. Since it was founded in 1987, Direct Insite has built a track record in automating some of the most demanding financial environments. Today, more than 100,000 corporations use our solutions across 100 countries, representing more than 35 currencies and 17 languages. Direct Insite's Invoices On-Line (IOL) suite simplifies AP and AR processes such as: electronic invoice distribution/submission, purchase order submission/distribution/acknowledgement, invoice processing/validation, line-item matching, approval routing, invoice consolidation, dispute management, payment portal/processing, and reporting and analysis. For more information on Direct Insite, visit www.directinsite.com.

Invoices On-Line is a trademark of Direct Insite.

All other product and service names mentioned herein are the trademarks of their respective owners.

FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

Matthew Oakes
President and CEO
Direct Insite

SOURCE Direct Insite