Drake Software Appoints New President and CEO, Dom Morea

Franklin, NC May 10, 2022 --(PR.com)-- Drake Software® announced the appointment, effective
immediately, of Dominic (Dom) Morea as President and CEO. Interim CEO Euan Menzies will continue
in his role as Chairman of Drake Software.

Dom Morea comes to Drake Software with a strong background of more than 20 years’ experience in
FinTech, working with Fiserv and First Data Corporation. He served most recently as Global Head of
Fiserv’s Prepaid business. The Fiserv Prepaid business is one of the world’s largest payment service
providers, supporting billions of transactions annually across the globe and millions of consumer/app
users.

Drake Software’s Founder and current Board Member Phil Drake shares, “Drake Software has never been
stronger. Dom has the track record, FinTech experience, and leadership that will take this company to the
next level in product delivery and customer service.”

This tax season, Drake Software served a record number of over 70,000 tax professional clients, and its
products continue to meet or exceed all quality targets. Chairman Euan Menzies states, “I am very
pleased with the excellent contributions from my Drake Software colleagues which led to the strong
performance during the most recent tax season. Drake Software made progress on all fronts over the past
year, making strategic investments across many facets of the business which led to customer growth. I am
delighted to welcome Dom as the new CEO, and I am confident he will have a major positive impact as
we move forward.”

Drake Software’s new President and CEO Dom Morea adds, “I’ve spent my career in industry-leading
financial service and technology firms and have great admiration for Drake Software’s reputation for
excellence in product development and customer service. I am honored to join Drake Software and have
the opportunity to enable the talented members of this company to achieve new levels of success where
we will continue to drive innovation and service quality within the tax industry.”

About Drake Software

Drake Software, a private company founded in 1977, provides software solutions to over 70,000 tax and
accounting firms that file more than 40 million tax returns every year. Known for its award-winning
customer service team, Drake is also consistently recognized for excellence in quality, value, and
reliability. As part of its commitment to innovation and customer success, the company has continued to
expand product offerings, integrations, and customer-service efforts—more than doubling its customers
over the past decade.

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Contact Information:
Drake Software
Emily McCollin
828-200-1382
Contact via Email
www.drakesoftware.com

Online Version of Press Release:

https://www.pr.com/press-release/861089

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