October 09, 2009 09:00 ET

Vindicia Named 18th Fastest Growing Company in Silicon Valley

Company Growth Honored by Silicon Valley/San Jose Business Journal

REDWOOD CITY, CA--(Marketwire - October 9, 2009) - Vindicia, a leading provider of on-demand billing solutions, is included among the Silicon Valley/San Jose Business Journal's "Fast 70" -- the 70 fastest-growing private companies in the Silicon Valley. Vindicia was ranked 18th by the publication at a ceremony held last night at the Computer History Museum based on its continuing rapid sales and revenue growth over the last three years.

"Silicon Valley has always been a hot bed for innovation and we're thrilled to be the only firm in our category on the 'Fast 70' list," said Gene Hoffman, chairman and CEO, Vindicia. "Like the online merchants we serve, the region's success is in large part thanks to its ability to put the customer first and solve real problems. Boosting the bottom line, especially in these tough times, is a win for everybody."

The publication expanded its list from 50 to 70 this year to account for the region's many successful private companies. For each year, revenue numbers had to be accounted for on a constant basis, either cash or accrual. RSM McGladrey then reviewed the financial statements or tax returns, consistent with the Silicon Valley/San Jose Business Journal requirements, to derive an accurate new revenue number.

About Vindicia

Vindicia offers an on-demand billing solution 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 www.vindicia.com.

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