April 16, 2012
Payments Industry Veteran, Asif Ramji, Continues to Drive Growth as CEO
ATLANTA – April 16, 2012 – The need for cutting edge payment card security continues to groundswell amidst ever increasing card usage, inevitable associated data breaches and security issues, as evidenced by Paymetric’s record 2011 results and strong 2012 first quarter performance.
Paymetric, Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced record company growth in 2011 with Q1 2012 metrics indicating that this year will outpace last year. Paymetric’s Software as a Service (SaaS) subscription fee revenue grew by 64 percent year-over-year (2010-2011) and Q1 2012 marked a record quarter in sales bookings, with growth of 150 percent over the same period last year (Q1 2011).
“Paymetric’s growth reflects the ever-increasing demand for a complete payment acceptance solution with an emphasis on total security,” said Asif Ramji, President and CEO at Paymetric. “As card usage increases, so does vulnerability within the enterprise. Card data security and PCI compliance continue to become more complicated; Paymetric provides merchants with innovative solutions to address this ever-evolving market need.”
Paymetric’s SaaS electronic payment acceptance solution is capable of supporting the complex and dynamic nature of enterprise resource planning payment environments. “Paymetric solutions shoulder the burden of ongoing maintenance including association releases, processor certifications, new payment types and currencies, while lowering the total cost of ownership for customers,” added Ramji.
Paymetric, Inc. is the leading provider of integrated and secure electronic 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 a recognized industry leader and is a three-time award-winning SAP partner. The company is also included on the Technology Association of Georgia’s Top 40 companies list and received numerous awards from Info Security Products for global excellence. Visit www.paymetric.com for additional information.