TORONTO, Nov. 24, 2020 /CNW/ - Versapay Corporation,
the leader in Customer-Centric Order-to-Cash solutions, has been
named to both Deloitte's 2020 Technology Fast 500 and 2020
Technology Fast 50 lists, honoring the fastest growing and most
innovative technology, media, telecommunications, life sciences and
energy tech companies in North
America and Canada
respectively.
Both rankings are determined based on revenue-growth percentage
over a three-year period. This year, Versapay enters both lists for
the first time, ranking 233rd on the Fast 500 list and
37th on the Fast 50 list.
Versapay is positioned for continued growth as it continues to
strengthen its AR Automation and Integrated Payments offerings for
mid-to-enterprise class businesses. Earlier this year, Versapay
announced its acquisition by Great Hill Partners and merger with
Solupay, a leading US-based payment solutions provider.
"We're helping organizations navigate the transition to digital
payments brought on by growing customer demand and an increasingly
remote workplace," says CEO of Versapay Craig O'Neill. "Our focus
is making billing, payment, and online conversation easy for buyers
and sellers."
"We're pleased to be named among such an impressive cohort of
companies and owe this recognition from Deloitte to our amazing
partners, customers, and team."
About the Deloitte 2020 Technology Fast 500 and 2020
Technology Fast 50
Now in its 26th year, Deloitte's Technology Fast 500 provides a
ranking of the fastest-growing technology, media,
telecommunications, life sciences and energy tech companies — both
public and private — in North
America. Technology Fast 500 award winners are selected
based on percentage fiscal year revenue growth from 2016 to
2019.
The Technology Fast 50™ ranking recognizes the 50 fastest
growing Canadian technology companies with the highest percentage
revenue growth from 2016 to 2019. Qualifying companies must have
headquarters in Canada, have been
in business for at least four years, have revenues of at least
$5 million, own proprietary
technology, and conduct research and development activities in
Canada.
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 $US50,000, and current-year operating revenues of
at least $US5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North
America.
About Versapay
Versapay is focused on changing the way companies do business
together by offering Customer-Centric Order-to-Cash solutions for
mid-market and enterprise businesses. We help our clients offer a
superior customer experience, enabling CFOs to accelerate cash
conversion, reduce costs, and eliminate paper, checks and manual
business processes. Based in Toronto with offices in Atlanta, Cleveland, Baltimore, LA, and Las Vegas, Versapay is owned by Great Hill
Partners, a Boston-based
technology investment firm.
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SOURCE VersaPay Corporation
