Vantiv Named by Forbes as One of the Fastest Growing Tech Companies
By Kyle Wojcik
CINCINNATI, June 25, 2013 - Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today that it has been named by Forbes Magazine as one of America's Fastest Growing Tech Companies for 2013 in its June 24th issue.
"We are thrilled to be recognized by Forbes as a leading technology company and for our sustained, rapid growth," said Charles Drucker, president and chief executive officer at Vantiv. "Our fast growth is a testament to the dedicated team of payments professionals at Vantiv and our ability to win market share."
Each year Forbes ranks the 25 fastest-growing technology companies by reviewing more than 2,100 publicly traded technology companies and identifying profitable companies with minimum revenue of $150 million and a minimum market value of $500 million1. Vantiv has been ranked number 20 of the top 25 tech companies alongside some of the biggest technology companies in the nation.
The expansion of Vantiv's distribution channels combined with the scale and efficiency of its single-integrated platform continued to support its growth and market share gains. Earlier this year, the independent publication The Nilson Report, also confirmed Vantiv's growth. An analysis of its March 2013 issue confirms Vantiv had increased its share of purchase transactions by 1.3%2 to 14.8%2 in 2012.
Vantiv's growth strategy, combined with its comprehensive suite of payment solutions, represents the company's continued investments in emerging technologies and strong execution capabilities, which expand choice and acceptance options for merchants and financial institutions nationwide.
To view the Forbes article, please visit the Forbes website. For more information about Vantiv please visit our website or on Twitter, Facebook, LinkedIn, Google+, and YouTube.
1. Complete ranking methodology can be found at Forbes website.
2. Based on Vantiv's analysis of data published in issue # 1,013, March 2013, The Nilson Report
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as ecommerce, payment facilitation (PayFacTM), mobile, prepaid and information solutions, and attractive industry verticals, such as petroleum, business-to-business, government, healthcare, gaming and education.
About the Author
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| Kyle Wojcik, Vantiv
1032 Loudon Road
Cohoes, NY 12047
518-867-1369
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