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Houston Business Journal Ranks Paymetric In Annual List of Largest Houston-based Software Companies
Executive additions, acquisition, additional financing contribute to corporate growth
Houston, April 7, 2005 – Paymetric, Inc., the leading provider of SAP-integrated payment card solutions, is ranked the 14th largest Houston-based software development company in the April 1 edition of Houston Business Journal. This year marks the first time that Paymetric has been included in the list, which is ranked by number of local employees.
“Significant events in the past year have fueled Paymetric’s current momentum and further solidified our position as the leading provider of SAP-integrated payment solutions,” noted Steven Putney, President and CEO of Paymetric. “Between May and October 2004, our organization made several key additions to its executive team. The October acquisition of Riverside Software gave us the technology that powers MasterCard SmartLink®, the leading SAP-integrated procurement card and expense management solution. In January 2005, we completed a $7 million Series A financing led by Austin Ventures. Our company is utilizing this recent round of financing to expand sales operations and deliver new and innovative corporate payment solutions.”
Customers new to Paymetric in 2004 included Goodyear Tire & Rubber, The Washington Post, Guidant Corporation (NYSE:GDT), Wilson Sporting Goods, W.R. Grace, Kellogg, BOSE Corporation, Ciba Vision, DuPont, Boston Scientific, Rayovac, Mont Blanc, and Konica Minolta.
About Paymetric, Inc.
Paymetric, Inc. provides financial supply automation solutions for credit card and payment card transactions, enabling organizations to integrate buying and selling functions into their ERP-enabled business operations. For businesses accepting cards, Paymetric seamlessly integrates card transactions across the enterprise and through financial institutions to enhance cash flow, reduce days outstanding and increase compliance with processors. For organizations with purchasing card programs, Paymetric integrates card activity into the procure-to-pay process for greater expense control, increased financial visibility, and consolidated procurement records. An Austin Ventures portfolio company, Paymetric is an award-winning SAP partner and a certified SAP developer. Additional information can be found on the company’s web site, www.paymetric.com.
Contact
Wayne Wilson, (713) 895-2007, wwilson@paymetric.com
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