SOURCE: Braintree

Braintree

November 30, 2011 06:10 ET

Braintree Chairman Bryan Johnson Awarded Gold in Best in Biz Awards 2011

CHICAGO, IL--(Marketwire - Nov 30, 2011) - Bryan Johnson, chairman of Braintree (www.braintreepayments.com), has been named the gold winner for the Technology Executive of the Year Award by Best in Biz Awards 2011, the only national business awards program judged by members of the press and industry analysts.

In 2007, Johnson launched Braintree, an online payments provider that powers commerce for many of the fastest-growing and most discerning Web 2.0, social and mobile businesses in the world, including LivingSocial, 37signals, OpenTable, GitHub, Airbnb, Heroku, Engine Yard, Animoto, Shopify and HotelTonight. Braintree is on track to process more than $4 billion in credit card volume this year and is adding more than 100 new customers a month. Braintree's explosive growth earned it a spot on the 2011 Inc. 500 list as the nation's 47th fastest-growing private company, with a three-year growth rate of 4,200 percent. Braintree ranked first in the online payments industry. Braintree attracted a $34 million Series A investment from Accel Partners in June 2011 after Johnson profitably bootstrapped the company for four years. Accel is one of the most respected venture firms in the world and has invested in such well-known companies as Facebook, Groupon, Dropbox and Rovio, the creator of Angry Birds.

Best in Biz Awards 2011 were presented in more than 30 categories, including Best Overall Company of the Year, Most Innovative Company of the Year, Executive of the Year and Best New Product of the Year. More than 150 entries were received in this year's awards program, from an impressive array of public and private companies from a variety of industries, sectors and regions. The companies that won gold, silver and bronze awards in this year's program represent the best in American business.

"Bryan started Braintree to disrupt the payments industry through the use of modern technology, fair business practices and white glove support," said Bill Ready, CEO of Braintree. "This gold award as Technology Executive of the Year in the Best in Biz 2011 competition is further proof of his vision, leadership and the great business that he built."

"I am proud of who we are and what we do at Braintree," said Bryan Johnson, chairman of Braintree. "It's an honor for us to be recognized by the topflight journalists who judge the Best in Biz Awards."

Winners of Best in Biz Awards 2011 were determined by scores from a panel of high-caliber judges from top-tier business and technology publications, as well as analyst firms, including: Accounting Today, AllBusiness.com, ECT News Network, eWeek Channel Insider, Financial Times, Fox News, Hartford Business Journal, Insight Media, Kelsey Group, King Features Syndicate, Lab Reviews, Network World, PC Magazine, Portfolio, Puget Sound Business Journal, Tech.Blorge, Tech-Gaming, Techtalk and Wired. The 20 judges on this year's panel boast more than 470 years of combined experience and have written for a combined total of more than 180 consumer, business, financial, trade and technology publications nationwide.

For a full list of gold, silver and bronze winners in Best in Biz Awards 2011, visit: http://www.bestinbizawards.com/2011-winners.

About Braintree
Braintree helps online and mobile businesses process credit card payments by providing a merchant account, payment gateway, recurring billing and credit card storage. The company is disrupting the payments industry by providing elegant tools for developers coupled with white-glove support. Founded in 2007, Braintree works with the world's most discerning online merchants, including LivingSocial, 37signals, OpenTable and GitHub. The company is processing more than $4 billion in annual credit card volume from more than 2,000 merchants. Braintree was profitably bootstrapped for four years before accepting a $34 million investment from Accel Partners in 2011. Braintree ranked 47th in the 2011 Inc. 500. Visit us at www.braintreepayments.com and on Twitter @braintree.

About Best in Biz Awards
Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are conferred in two programs covering the United States and EMEA (Europe, Middle East and Africa). Any organization from any industry in the awards program's region boasting demonstrated success can enter any of the more than 40 company, department or team, executive and product categories. Entries for Best in Biz Awards 2012 EMEA are currently being accepted from all companies based in or operating in Europe, Middle East or Africa, with an early entry deadline of November 30, 2011. For more information about the submission process and categories in both the United States and EMEA programs, please visit:
http://www.bestinbizawards.com.

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