Michael Schreck Joins cloudvirga As CEO

cloudvirga, a developer of loan officer and direct-to-consumer, point-of-sale (POS) systems, has named Michael Schreck its CEO. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga’s board of directors.

Schreck joins cloudvirga following a successful Series B funding round that netted the company $15 million. The funding was led by Blackstone Group portfolio company Incenter, which joins previous investors Upfront Ventures and Dallas Capital.

Schreck most recently served as managing director of Altisource Labs, a unit of Altisource Portfolio Solutions. In that role, he was responsible for overseeing more than 1,000 employees across four software and analytics companies, including software-as-a-service providers Equator and Mortgage Builder. Schreck previously held CEO positions at digital publishing firm Zmags and government service provider Corrective Solutions. He also co-founded General Catalyst Partners, a venture capital firm.


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