BOSTON, MA--(Marketwire - Nov 14, 2012) - Merchant Warehouse, a leader and innovator in payment and program acceptance solutions and merchant account services, today announces it ranked number 468 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Co-founder and CEO, Henry Helgeson credits Merchant Warehouse's growth on the Company's ability to accurately predict payment industry trends and capitalize on its forecasts by providing VARs and merchants with technology that not only fits their current needs, but is capable of adapting as business models and consumer behaviors change.
"Merchant Warehouse researched the future of payments for years and our goal is to end fragmentation that is slowing mobile payment adoption," said Helgeson. "Our Genius Solution Suite allows merchants to accept any payment type. This effectively ends confusion by providing a payment agnostic option for merchants. For consumers, Genius provides highly-personalized customer interactions evolving mobile payments beyond a simple replacement for a card swipe through targeted offers and loyalty programs. Our future growth, and the growth of our customer-base, is tied to mobile payment technology. Merchant Warehouse will continue to take the lead in providing solutions that offer merchants flexibility in choice and can adjust to fit their growth rates."
Merchant Warehouse's Genius product family is at the core of the Company's growth in 2012 and beyond. Engineered to drive significant incremental value and dramatically enhance the merchant-customer experience, the Genius Solution Suite allows merchants to expand their payment acceptance offerings to support future business growth over time.
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo, partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Merchant Warehouse for this impressive accomplishment."
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Merchant Warehouse
Merchant Warehouse is a recognized leader in payment and program acceptance solutions and merchant services. The company enables merchants, agents, POS developers and VARs to achieve strategic business advantage through the delivery of current and emerging payment, offer and program solutions and merchant services that dramatically enhance the merchant-customer experience. Merchant Warehouse is one of the fastest growing innovators of payment solutions in North America. For more information about Merchant Warehouse, please visit merchantwarehouse.com.