AlphaCipher Appoints Mr. David R. Vey to the Board of Directors

Mr. Vey’s software development and financial services experience will expand Vadium’s digital privacy, security and trust solutions in the worldwide financial services market

SEATTLE--()--AlphaCipher Acquisition Corporation (d/b/a Vadium) (the “Company”), the leading provider of digital privacy, security and trust solutions, today announced it has appointed Mr. David Vey to the Board of Directors. As Chief Executive Officer and Chairman of the Board at SEDONA Corporation, a leading edge software development company focused on providing Customer and Member Relationship management (CRM/MRM) and Profit Analytics solutions to banks and credit unions, Mr. Vey brings substantial experience and knowledge to Vadium’s disruptive technology innovation. Mr. Vey’s expertise will help advance the solutions Vadium brings to financial services industries by enabling customers to permanently safeguard and protect the confidentiality and integrity of digital content throughout the information lifecycle.

“Vadium solutions will quickly become the benchmark for digital privacy, security and trust solutions in banking and financial services worldwide. Adding David’s experience to the Board will accelerate our entry and subsequent momentum in this important space,” said Rod Nicholls, Vadium President and CEO.

“Banking and financial services have been shaken by the recent cyber security breaches and disclosures. These industries need to take significant steps, and transformative digital privacy, security and trust solutions like Vadium’s will play a key role in restoring confidence through technology solutions that permanently secure digital content. I look forward to magnifying Vadium’s already impressive market presence,” added Mr. Vey.

“David possesses an impressive knowledge of the issues banking and financial services face worldwide. The Board and the executive team gain a tremendous advantage through his firsthand experience in software development and financial services. I’m excited to see substantial opportunities arise,” added José Antonio Ríos, Vadium Chairman of the Board of Directors.

About Mr. David Vey

David R. Vey is Chief Executive Officer and Chairman of the Board at SEDONA Corporation (http://www.sedonacorp.com/) a leading edge software development company focused on providing Customer and Member Relationship Management (CRM/MRM) and Profit Analytics solutions to banks and credit unions. Mr. Vey has been a director of SEDONA since May 2003 and was appointed CEO in 2010. Mr. Vey founded Vey Development, Inc., a privately held residential and commercial real estate development company, with primary real estate holdings in Louisiana, and has served as its President since 1983. Mr. Vey is a managing member in Oak Harbor Investments in addition to numerous other real estate venture partnerships. Mr. Vey holds a Bachelor of Arts, Landscape Architecture and a Bachelor of Science, Forest Management from Louisiana State University.

About AlphaCipher Acquisition Corporation

AlphaCipher Acquisition Corporation (d/b/a Vadium) is a growth stage company that will be delivering trusted, easy to use and high value solutions to the digital privacy, security and trust challenges that are compromising communication and information networks daily caused by hackers, cyber-criminals and economic espionage experts. The Company is a privately held firm with headquarters in Seattle, Washington. For more information, please visit http://vadium.com/.

Contacts

AlphaCipher Acquisition Corporation
Cinthia Portugal, +1-206-619-8183
cportugal@vadium.com

Release Summary

AlphaCipher Appoints Mr. David R. Vey to the Board of Directors

Contacts

AlphaCipher Acquisition Corporation
Cinthia Portugal, +1-206-619-8183
cportugal@vadium.com