Vindicia Named to Annual Inc. Magazine Exclusive List of America's Fastest
(Marketwire) -- 08/23/11 -- Vindicia, a leading provider of SaaS billing solutions that help digital leaders optimize customer retention and acquisition through integrated marketing best practices, today announced that Inc. magazine ranked Vindicia number 2213 on its fifth annual Inc. 5005/85000 -- an exclusive ranking of the nation's fastest-growing private companies. The list represents one the most important segment of the economy -- America's independent entrepreneurs. Vindicia joins Acronis, Avidian Technologies, Black Mountain Systems, HubSpot, M86 Security, among other prominent brands featured on this year's list.
In a stagnant economic environment, median growth rate of 2011 Inc. 5005/85000 companies remains an impressive 94 percent. The companies on this year's list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
"The growth we've experienced over the last three years reflects increased market recognition that online billing management and marketing best practices are critical elements in customer acquisition and customer retention," said Gene Hoffman, CEO at Vindicia. "Merchants have embraced integrating online billing management capabilities with marketing functionality in one platform and see it as a core strategic business function. The combination allows executives to make better business decisions and identify key customer trends, which can dramatically increases their bottom line. Last year, our CashBox customers alone gained $40 million in revenue through increased customer retention and that number is soaring."
Widespread industry demand and a growing roster of new customers spanning the globe have catapulted the company's year over year revenue. Since last year's Inc. 500/5000, Vindicia has: -- More than doubled revenues in calendar Q1 and Q2 2011, compared to the same periods in 2010 -- Opened offices in London and Torontoto support rapid growth -- Expanded strategic partnerships with agreements with GlobalCollect and Kount -- Landed several new customer wins across a wide spectrum of digital markets including Next Issue Media, Trion Studios, Cisco, Turner Broadcasting, and Bloomberg -- Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000/list About Vindicia Vindicia is a leading provider of SaaS billing solutions that help digital leaders optimize customer retention and acquisition through integrated marketing best practices. Over the past twelve months, Vindicia clients sent $2.5 billion through its CashBox solution, billed in every global region, and generated nearly $75 million in annual incremental revenue. Our clients include Symantec, TransUnion Interactive, Intuit, Activision Blizzard, Bloomberg, and Next Issue Media. To learn more, please visit www.vindicia.com.
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Source article at Newsday.com