SOURCE: Vindicia

Vindicia

October 15, 2010 11:01 ET

Vindicia Named Fastest Growing Company in Silicon Valley for Second Year

Company Included in Silicon Valley/San Jose Business Journal "Fast 60" List

BELMONT, CA--(Marketwire - October 15, 2010) - Vindicia, a leading provider of strategic on-demand billing solutions, is included among the Silicon Valley/San Jose Business Journal's "Fast 60" -- the top 60 fastest-growing private companies in the Silicon Valley. Recognized at a ceremony held last night at the Computer History Museum in Mountain View, the company was selected for its consistent and rapid sales and revenue growth over the last three years.

"We're pleased to have made this list for the second year in a row and to be a part of this healthy and innovative part of the world," said Gene Hoffman, chairman and CEO, Vindicia. "Our continued success is a testament to the importance of billing for digital merchants -- and their continued growth and success. As markets like online gaming and media continue to expand and mature, we will remain an integral part of their overall success."

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 strategic billing solution for marketing and sales that manages subscriptions and one-time payments for digital 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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