Lorne SchwartzFounder

Canada - Greater Montreal Metropolitan Area

In 1993, at the age of 25, Mr. Schwartz founded Momentum Business Systems. Lorne held the position of President and CEO of Momentum Business Systems since its inception and under his leadership, the company developed into one of the dominant Travel Expense Management software companies in North America. Momentum grew to employ over 130 people, and was named to the list of Canada’sTop 100 Employers in 2000. That same year, Momentum was sold to OnX Incorporated, a publicly traded company. The software division of Momentum was later spun off to form Acceleron in order to focus entirely on their travel expense management software solutions – Mr. Schwartz served as the company’s CEO. In January 2002, Acceleron was acquired by Necho Systems Corp, a market leader in corporate expense management solutions. Mr. Schwartz led the deal for OnX.

In 2004, Mr. Schwartz launched e-Finitive Systems, a software developer of document imaging solutions for the mid-market. e-Finitive was purchased in 2006 by ImageTag Inc, based in Phoenix, Arizona. Following the transaction, Mr. Schwartz served as the company’s EVP of Sales and Marketing, and doubled the company’s revenue’s in his 18 months in that position.

In 2008, Mr. Schwartz joined MEI as the President & CEO. In 2010, MEI was named one of Montreal’s Top 20 Employers. After two years in the CEO position, he led a Management Buy-Out of the Company in partnership with FondAction. After a short 25 month period, in November, 2012, the Company was sold at seven times the acquisition price to a Phoenix-based organization.

Lorne has his International Masters in Business Administration from York University in Toronto.