Current Press Releases
PaymentOne Ranked 33rd Out Of 500 Fastest Growing
Technology Companies in North America
For Second Consecutive Year, Deloitte & Touche's Fast 500 Recognizes PaymentOne's Record Revenue Growth
San Jose, CA — November 15, 2004 — PaymentOne® Corporation, the leading provider of advanced payment, commerce and syndication services for digital merchants, premium service providers and broadband operators, today announced its ranking as Number 33 on the 2004 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.
This is the second consecutive year PaymentOne was recognized by the Deloitte & Touche Fast 500, moving up from #39 to #33 on the 2004 North American rankings. Rankings are based on average percentage revenue growth over five years. PaymentOne was ranked based on its five-year percentage revenue growth of 9,338 percent.
To see the entire Deloitte 2004 Fast 500 List, click here.
PaymentOne's President and CEO, Joe Lynam, credits the company's strong growth to its demonstrated ability to increase its clients' financial performance, broader market adoption and hallmark levels of customer service. "Being acknowledged by the Deloitte and Touche Fast 500 for two years running is a testament to the company's vision and our team's dedication, tenacity and disciplined approach. We are excited to be a part of such a notable group of companies and proud to be designated as a market leader," commented Mr. Lynam.
"In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend PaymentOne for making the commitment to technology and delivering on the promise of market longevity." said Roy Avondet, lead partner for Deloitte's Technology, Media & Telecommunications program. "We are proud to honor PaymentOne as one of Deloitte & Touche's Technology Fast 500 companies in North America."
Overall, companies that ranked on the 2004 Technology Fast 500 had growth rates ranging from 329 to 437,115 percent over five years, with an average growth rate of 4,109 percent.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.
Entrants must also be public or private companies headquartered in North America and must 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. Using other companies' technology in a unique way does not qualify.
About PaymentOne
PaymentOne® Corporation is the leading online Payment Service Provider (PSP) for digital merchants, premium service providers and broadband operators. The company offers advanced payment, commerce and syndication solutions that accelerate the adoption of value added services and premium content.
The Company's comprehensive payment platform and co-billing/co-marketing network expands distribution and increases digital service provider revenues by over 25%. To help online merchants reach a wider audience, PaymentOne's integrated suite of revenue optimization services includes a unique set of non-credit card payment alternatives, macro and micropayments, identity verification and fraud detection, traditional payment processing, global payments, a co-marketing distribution network and a full outsourced customer management and billing solution.
Based in Silicon Valley, PaymentOne has generated over $1.5 billion of new digital content and premium service revenue for its clients, and manages a network of over 1400 telecommunication/broadband providers. To learn more about PaymentOne, visit www.Paymentone.com or call 800-747-4028.
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 U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
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© 2004 PaymentOne Corporation. All rights reserved. PaymentOne, WebBill ®, Propensity To Pay and PayConnect are trademarks of PaymentOne Corporation. The names of actual companies and products mentioned herein are the trademarks of their respective owners.
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