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Revenue Growth of 3,145% Places iSend at the Head of Media/Internet/Telecom Category
MIDDLEBURY, Conn., Sept. 30, 2013 /PRNewswire/ -- iSend has been named to the Marcum Tech Top 40, an annual compilation of the 40 fastest growing technology companies in Connecticut as determined by The Connecticut Technology Council (CTC) and Marcum LLP. Selection was based on the percentage revenue growth over four years.
This is the second year in a row iSend has made the Marcum Tech Top 40. iSend was named Connecticut's fastest growing technology company overall in 2012, and this year was named the top company in the New Media/Internet/Telecom category.
iSend's president and CEO, Steve LaBella, credits the international business community's support and acceptance of iSend's business model with the company's outstanding revenue growth.
"We continue to forge strategic, direct relationships with the world's leading mobile carriers and retailers," said LaBella. "Each partnership extends our footprint both in terms of purchasers of our electronic payment services and the loved ones they support across borders."
This year's Marcum Tech Top 40 identified the fastest growing Connecticut companies in the categories of Advanced Manufacturing, Energy/Environment/Green Technology, IT Services, Life Sciences, New Media/Internet/Telecom and Software. Awards were presented to each category's top performer in terms of percentage revenue growth over the years 2009–2012, during which iSend realized 3,145 percent revenue growth.
To qualify for the Marcum Tech Top 40, companies must have had operating revenues of at least $50,000 in 2009 and $3,000,000 in 2012, be headquartered in Connecticut, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
For more information on the Marcum Tech Top 40 and/or the CTC please visit the CT Technology Council's website at www.ct.org.
Ranked in 2013 by Forbes magazine as #33 in the top 100 "America's Most Promising Companies" and at #73 in the Inc. 500 list of America's fastest-growing private companies, iSend provides unprecedented electronic payment service options for people who support family members in other countries. Customers control the use of the funds they transfer, including topping-up individual family members' prepaid cell phones, paying recurring monthly bills and sending gift cards for merchandise at specific stores. These transfers can be arranged in over 150,000 retail locations spanning the United States, Canada, the United Kingdom, Europe and the Middle East, with mobile phone top-ups also available online at iSend's recharge portal, www.Aryty.com. iSend's direct relationships with predominant mobile network operators, billing organizations and retail chains enable rapid transfers to recipients in more than 100 countries and growing throughout the Americas, the Caribbean, Africa, Europe, the Middle East and Asia, including the Indian subcontinent. For more information, visit www.iSendWorldwide.com.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked among the top 15, Marcum LLP offers the resources of 1,200 professionals, including over 140 partners, in more than 20 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman and China. Headquartered in New York City, the Firm's presence runs deep with full-service offices strategically located in major business markets. Marcum is a member of the Marcum Group, an organization providing a comprehensive range of professional services spanning accounting and advisory, technology solutions, wealth management, and executive and professional recruiting. The Marcum Group companies include Marcum LLP; Marcum Technology LLC; Marcum Search LLC; Marcum Financial Services LLC; Marcum Bernstein & Pinchuk LLP; MarcumBuchanan Associates LLC; and Marcum Cronus Partners LLC. For more about Marcum LLP, visit www.marcumllp.com.
About The Connecticut Technology Council, Inc.
The Connecticut Technology Council is the state's industry association for the technology sector. CTC's mission is to "connect people, ideas and opportunities to the global technology and innovation community." CTC provides members with business assistance and specialized programs, in addition to promoting and supporting public policies that position Connecticut to have a globally recognized "culture of innovation" that helps attract great ideas and entrepreneurs to in turn develop new jobs and wealth for the state. www.ct.org
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