Drake Software has appointed 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 has never been stronger,” said Drake Software’s founder and current board member Phil Drake. “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.”
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patrick duffy January 16 2025 at 2:14 pm
Mr. Morea should check in with his Drake Tax software support team and their methods of communication and responses to customer inquiries. When asking for a call back to solve a problem with a Drake tax software, i have never received a call back from any Drake Tax software support staff ever. The waste of the customers time (cpas and tax preparers) that must be charged off to clients and inflate the bills sent to the taxpayers is outrageous. I can always count on at least 30 min per support call and get the correct response from the support staff less than 25% of the time.