Billtrust Ranked Number 199 Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™
Commitment to Customers Sparks 475 Percent Revenue Growth
Princeton, NJ – (October 25, 2011) – Billtrust, the premier provider of outsourced billing services, announced today that the company has again been included on Deloitte’s Technology Fast 500™ ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Between 2006-2010, Billtrust grew 475 percent. “Our rapid growth is due to Billtrust’s unique vision – that we can improve customer performance with strategic billing services,” said Flint Lane, Chief Executive Officer and President of Billtrust. “With our full suite of services and commitment to quality and accuracy, we don’t just enhance our customers’ billing operations, we improve their business.” “Billtrust, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth – against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes Billtrust for its remarkable accomplishment.” “We are pleased to honor Billtrust as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Billtrust has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.” Being included on Deloitte’s Technology Fast 500™ list is one of many prestigious honors Billtrust and its leadership team received in 2011. Earlier this year, the company was included on the Inc. 500/5000 list of fastest growing private companies for the fifth consecutive year. Billtrust was also named one of the 2011 50 Fastest Growing Companies in New Jersey. Prior to that, Billtrust CEO and President Flint Lane was recognized as Ernst & Young 2011 Entrepreneur Of The Year® for New Jersey and included in the Institute of Financial Operations’ (IFO) list of the 25 Most Influential Financial Operations Professionals. Learn more about Billtrust at billtemp.wpengine.com.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte 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 2006 to 2010. 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.
Headquartered in Hamilton New Jersey, Billtrust is the premier provider of automated invoice-to-cash solutions. Billtrust integrates three key areas of the invoice-to-cash process: presentment, payment, and cash application, helping its clients connect with their customers and cash while strengthening their revenue and cash flow. Working with more than 1,200 North American businesses across B2B and B2C markets, Billtrust’s comprehensive offerings help its clients solidify customer relationships, increase productivity, improve cash flow, and seamlessly migrate to electronic channels.