Paymetric Expands into New Offices

Houston, January 26, 2005 – Paymetric, Inc. announced today that it has relocated to new offices in Houston, Texas to accommodate company growth. Paymetric’s new headquarters location is Granite Towers, 13430 Northwest Freeway, Suite 900, Houston, TX 77040. Paymetric now employs nearly 50 people, up from 20 at the beginning of 2004.

“Large organizations have found that paper-based methods of paying suppliers and receiving payment from customers impose operational and financial penalties that reduce profitability. Commercial payment cards decrease reliance on manual processes, but do not alleviate the task of synchronizing payment activity across business operations,” said Steve Putney, Paymetric President and CEO. “Unlike any other vendor, Paymetric offers SAP-integrated payment solutions that streamline the financial supply chain and synchronize buy-side and sell-side transaction management across business operations.”

About Paymetric, Inc.
Paymetric enables organizations to benefit from payment cards by integrating payment card buying and selling functions directly into the financial supply chain. Paymetric solutions leverage and extend SAP capabilities to streamline procurement, sales, and accounting operations. Paymetric customers benefit by reducing their cost structure, mitigating risk, improving cash flow, and expanding revenue opportunities. Paymetric is an award-winning SAP partner and certified SAP developer. SAP has accredited Paymetric’s XiPay and MasterCard SmartLink solutions with SAP Certified Integration. Paymetric, established in 1998, is headquartered in Houston, Texas and is an Austin Ventures portfolio company.

Contact
www.paymetric.com, info@paymetric.com, (713) 895-2000