IP Commerce Inc., a developer of business-to-business payment software, revealed Monday that it has hired Craig McSavaney as its new chief operating officer. IP Commerce said McSavaney will oversee the company's sales, marketing, fulfillment and IT operations. Prior to joining IP Commerce, McSavaney served as president of Accruit Corp., the company said, adding that he has also worked for netLibrary, Circle Graphics, Digital Systems International Corp., Syngistix and Earl Industries. IP Commerce said McSavaney began his career as an officer in the U.S. Navy and is a veteran of the first Gulf War. IP Commerce is based in Denver.