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Paymetric, Inc. Named to Deloitte's Texas Technology Fast 50 Program
Houston, TX – September 5, 2006 – Paymetric, Inc., a leader in the electronic payments industry, announced it was named to Deloitte's prestigious Technology Fast 50 Program for Texas, an awards program that ranks Texas technology companies by revenue growth over a five-year period.
Paymetric, Inc. was one of ten Houston companies to make the list, ranking #35. The Texas Technology Fast 50 is the only annual award program that ranks technology companies located in Texas by revenue growth over five years.
“Being recognized on the list for a second year is a tremendous honor which I attribute the success to our talented employees,” said Steven Putney, President and CEO of Paymetric, Inc. “Their dedication to our mission of becoming a dominant provider in the electronic payments industry is what drives our continued growth.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $1,000,000 in 2005, be headquartered in Texas, and be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
Paymetric, Inc. also appeared on the Deloitte Fast 50 list last year, ranking in the top ten.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Paymetric, Inc.
Paymetric, Inc. provides Enterprise Payment Solutions that enable companies to improve working capital management, reduce operating costs and risks, and expand and protect revenues. Paymetric streamlines enterprise payment processes within the financial supply chain by embedding card payment and acceptance capabilities into existing business processes and systems. Paymetric is an Austin Ventures portfolio company, an award-winning SAP partner, and a certified SAP developer. Visit www.paymetric.com for additional information.
Contact
Christina Chau, Marketing Director, 713.895.2000, cchau@paymetric.com
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