Houston Business Journal Names Paymetric to 2005 Fast Tech 50

Houston, November 10, 2005 – Paymetric™, Inc., the leading provider of SAP-integrated card payment solutions, has been named to Houston Business Journal’s annual Fast Tech 50 list, a ranking of the Houston area’s fastest-growing technology-based companies based on revenue growth percentage from fiscal 2003 to fiscal 2004. This marks the third year on the Fast Tech 50 list for Paymetric, which was also one of five finalists for recognition as Enterprise Champion, a Fast Tech 50 company distinguished by its innovation, challenges overcome and significant milestones.

“We are delighted that Paymetric is recognized as the 25th fastest-growing company among the thousands of technology companies in Houston,” said Steven Putney, President and CEO of Paymetric. “This ranking, as well as our role as an Enterprise Champion finalist, reaffirms that Paymetric solutions are creating value for our customers. We have benefited greatly from the wealth of resources in Houston, which has enabled us to more than double our employee base over the past year. With a rapidly growing customer base that includes scores of blue chip companies and alliances with more than 30 premiere financial and software organizations, we are fulfilling our mission to become a dominant provider in the electronic payments industry.”

The Houston Fast Tech 50 awards are presented annually and recognize the importance to Houston's regional economy of having thriving technology companies. Sponsors include Pannell Kerr Forster of Texas and the Houston Business Journal, along with Frost Bank, Jackson Walker LLP, the Houston Technology Center, Pierpoint Communications, Rice Alliance for Technology and Microsoft.

About Paymetric, Inc.
Paymetric empowers organizations to leverage payment cards more effectively by integrating buying and selling functions directly into their ERP-enabled business operations. Paymetric solutions extend SAP capabilities to streamline procurement, sales and accounting operations. With Paymetric, customers can reduce their cost structure, mitigate risk, improve cash flow, and expand 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. Established in 1998 and headquartered in Houston, Paymetric is an Austin Ventures portfolio company.
Additional information about Paymetric can be found on the company’s web site, www.paymetric.com.

Contact
Wayne Wilson, (713) 895-2007, wwilson@paymetric.com