SOURCE: Vindicia

Vindicia

August 26, 2010 09:00 ET

Vindicia Named to Fourth Annual Inc. Magazine Exclusive List of America's Fastest Growing Private Companies

Three Year Sales Growth of 282% Earns Vindicia a Ranking of 1068 on the Inc. 5000

REDWOOD CITY, CA--(Marketwire - August 26, 2010) - Vindicia, a leading provider of on-demand strategic billing solutions, has been ranked number 1068 on Inc. Magazine's fourth annual Inc. 5000, an exclusive ranking of the nation's fastest growing private companies. The list represents the most comprehensive look at the most important segment of the economy -- America's independent-minded entrepreneurs.

"The sales growth we have experienced in the last three years reflects increased market recognition that online billing management is a critical element in customer acquisition and customer retention," said Gene Hoffman, CEO of Vindicia. "Merchants are recognizing online billing management as a core strategic business function with demonstrable and dramatic bottom line impact -- our customers alone have gained $40 million in revenue through increased customer retention."

Last week Vindicia pointed to numerous milestones underscoring its market leadership, particularly in the high growth software, online gaming, media/content and online dating segments. These include adding Encyclopædia Britannica to its customer roster, as well as new revenue growth of over 250% year over year, a GAAP revenue increase of 80% and a bookings increase of 90%.

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

The 2010 Inc. 5000, unveiled on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

Complete results of the Inc. 5000, including company profiles and a database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.

About Vindicia
Vindicia offers an on-demand strategic billing solution for marketing and sales that manages subscriptions and one-time payments for online merchants. We work with some of the best-known brands on the Internet, including Symantec, Activision Blizzard, Intuit, and Atari/Cryptic. As an externally audited PCI Service Provider and a SAS 70 Type II company, Vindicia securely handles online revenue of over a billion dollars annually. For more information, visit http://www.vindicia.com.

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