TAMPA — Pegasus TransTech has promoted Frank Adelman to president and CEO. Adelman assumes this position from Bob Helms, who is retiring.
Adelman started with Pegasus TransTech in 2004. He is credited with leading the company's efforts to increase market share and drive revenue growth for the company's “shipment-to-cash” solutions used by transportation companies.
Prior to joining Pegasus, Adelman spent nine years at Comdata Corp., a $350 million provider of payment and information services to the transportation industry, as executive vice president and general manager for both the Merchant Services Division and the Transportation Group. Before that, he was vice president of sales for the Trendar Corp., which provides point-of-sale and fleet data information systems.
The outgoing CEO, Helms, first joined Pegasus TransTech in 1999 as a member of the board of directors. He will remain a consultant and adviser to the company.
Founded in 1998, Pegasus TransTech provides software for document transmission, billing, collections, payroll and other revenue processes in the transportation and logistics industry.