Tom Streng, co-founder of Data Age Business Systems, the developers of PawnMaster software, announced today that he will be transitioning into a role as Chairman of the Board. Streng will continue to contribute his 30-plus years of expertise to Data Age on a strategic level.
Len Summa, who has been running day-to-day operations for the last four years was named Chief Executive Officer (CEO) at the world’s most widely used pawn shop software company.
“It is clear to me that it is time for Len to become CEO. He has played a key role in bringing in the right people and the right processes over the last four years. Under his leadership, Data Age has organically added over 1,000 stores and continues to increase market share, widening the competitive gap. Len’s commitment to customer satisfaction is unmatched,” said Streng. “We are fortunate to have someone with a highly accredited career in the software industry. Len’s track record of aggressively growing businesses combined with an intense focus on customer service will take Data Age to the next level.”
This is a shift that has been going on for some time, and it underscores the stability PawnMaster delivers in the volatile pawn industry. The prominent role for Len Summa, formerly COO, will be to set the strategy and vision for Data Age. Summa will also continue building the team and culture that will give the company the ability to continue to grow and maintain its status as the industry leader. He will continue to expand upon his mission to bring education and knowledge to positively impact the industry.
Summa, a successful entrepreneur himself, said “We have truly revolutionized the way the pawn industry manages their businesses. PawnMaster has had thousands of successes over the past 28 years and we are hungry for more. We will continue placing our focus on bringing trusted, stable, innovative products to a market that has seen a lot of vendors come and go. This is a critical time in the industry, with so much unpredictability, and I’m proud to be a part of a company that offers peace of mind to our customers through the quality software and service we provide, transparency in our communications, and the education we deliver to our customers.”
About Data Age Business Systems/PawnMaster
Data Age offers industry leading financial transaction software solutions that enable businesses doing non-traditional lending, buy/sell, check cashing and even retailers to scale their organization, deliver exceptional customer service, capture data quickly and accurately, mitigate risk, adhere to regulatory mandates, manage employee challenges, and drive profitability.