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The Green SheetGreen Sheet

Wednesday, August 22, 2012

Payment processor leads Inc. 500/5000

Miami-based Unified Payments LLC has cause for celebration as the top company on the Inc. 500/5000 ranking of the nation's fastest-growing private companies for 2012. Rankings were determined based on percentage of revenue growth from 2008 to 2011. In securing the top position, the payment processor achieved three-year sales growth of 23,646 percent and generated $59.5 million in revenue during 2011.

"To be recognized as the fastest growing private company in America is overwhelming," said Oleg Firer, Executive Chairman of Unified Payments. "This tribute would not have been possible without the hard work and dedication of our talented team at Unified Payments, our business partners and our merchants."

Industry's strong showing

More than 50 payments industry companies in the financial services industry category placed in the top 5,000; 10 earned a spot in the top 500, where minimum growth of 762 percent was necessary to qualify.

The next payment processor in the rankings was Bluefin Payment Systems, formerly Capital Payments LLC, which placed sixth, with $55.6 million in 2011 revenue and 11,675.7 percent growth. "We are thrilled with the top 10 placement of our company on the Inc. 500/5000 in our very first year of application," said John Perry, President and Chief Executive Officer of Bluefin.

Following are other payment processors in the 2012 Inc. 500, listed by ranking, which is provided in parentheses after the names: Merchant Services Inc. (18), Complete Merchant Solutions (19), Century Payments (87), Transcendent One Inc. (105), REPAY-Realtime Electronic Payments (330), TMG Financial Services (340), Allied Wallet Ltd. (369) and Braintree Payment Solutions LLC (415). end of article

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