Nevertheless the business, which had an industry capitalization of $4 billion at its top, would continue an ill-fated purchase spree to grow into enterprise computer software and re payments processing. S1 struggled mightily after Mahan, its president and CEO during the right time, quit the CEO name in 2000 to look after their spouse, Peggy, that has cancer of the breast. Mahan’s household relocated to Wilmington to be nearer to the research medical center dealing with their spouse.

“He never ever left her part,” recalls Jeff Lunsford, an old S1 corporate development professional and today an nCino investor. “He just stated: ‘we must head to Duke every week; we need to get and view this thing.'”

Mahan came back as CEO once again in 2005В—partly because Peggy had opted into remission, partly due to the fact ongoing business ended up being floundering. But activist that is contentious left him so frustrated he quit per year later on. “Heartbroken could be the term,” he states. [Read more…]