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INFO SECURITY PRODUCTS GUIDE 2011 GLOBAL EXCELLENCE AWARD PRESENTED TO PAYMETRIC FOR MANAGEMENT TEAM OF THE YEAR

Corporate Awards Acknowledge Trust of Customers Worldwide

Atlanta, GA – February 22, 2011 – Paymetric Inc., the leading provider of integrated and secure electronic payment processing solutions, announced today that Info Security Products Guide, the industry’s leading information security research and advisory guide, has named the company a winner of the 2011 Global Excellence Awards for Management Team of the Year. More than 50 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2011 Global Excellence Awards Finalists and Winners. Winners were announced during an awards dinner and presentation on February 16, 2011 in San Francisco attended by the finalists and judges.

Paymetric CEO and 25 year payments industry veteran, Larry Wine, formed a four person management team that successfully executed his vision of moving the company from a license business to a Software-as-a-Service (SaaS), recurring revenue model. In just two years, 98% of Paymetric’s original on-premise client base has been converted to the new SaaS model and simultaneously over the same period, the company’s customer base doubled.  Since formally announcing the move to SaaS, Paymetric has recorded its seventh consecutive quarter of record sales. 

Paymetric’s management team includes:

Larry Wine, President and CEO
Asif Ramji, Executive Vice President and General Manager, Integrated Payment Solutions
Mike Rivers, Chief Operating Officer
Nick Sommerio, Chief Financial Officer

“Paymetric is honored to be named the recipient of the Info Security Product’s Guide Management Team of the Year Award,” said Larry Wine, president and CEO, Paymetric Inc. “Our incredibly talented staff along with our executive team led one of the most remarkable, transformational and aggressive migrations from license business to a SaaS model and this award is a testament to that success.  Paymetric is committed to delivering best of breed payment processing and tokenization solutions and top-notch customer service to the market.”  

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About Info Security Products Guide

Info Security Products Guide sponsors leading conferences and expos worldwide and plays a vital role in keeping end-users informed of the choices they can make when it comes to protecting their digital resources. It is written expressly for those who are adamant on staying informed of security threats and the preventive measure they can take. You will discover a wealth of information in this guide including tomorrow’s technology today, best deployment scenarios, people and technologies shaping info security and independent product evaluations that facilitate in making the most pertinent security decisions. The Info Security Products Guide Awards recognize and honor excellence in all areas of information security. To learn more, visitwww.infosecurityproductsguide.com and stay secured.

About Paymetric

Paymetric is the leading provider of integrated and secure enterprise payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric’s solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is recognized as an industry leader and is a three-time award-winning SAP certified partner. For additional information visit www.paymetric.com, follow us on twitter at twitter.com/Paymetric or visit our Facebook page at www.Facebook.com/Paymetric.

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