Inc. Magazine's Inner City 100 Inducts Cynergy Data into Hall of Fame

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Payment processing company is recognized for diversity and innovative growth

As a leading payment processing and merchant services company, Cynergy Data ranks 25 on Inc. Magazine's 2008 Inner City 100, an annual listing of the country's fastest growing inner city companies. For making the Inner City list the fifth year in a row, Cynergy Data also received Hall of Fame recognition this week.

The 2008 Inner City 100 winners operate from 58 cities in 31 states. Cynergy Data was among five ranking companies from New York. Now in its tenth anniversary year, the Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the United States. For instance, the top 100 inner city businesses have collectively employed nearly 21,500 people and created over 15,000 new jobs over the past five years. Also, inner city companies are incredibly diverse, with a high percentage of minority ownership (33 percent) and minority staff membership (52 percent).

"We are delighted to celebrate businesses like Cynergy Data that are playing a critical role in urban communities throughout the country," said David G. Latimore, president and chief executive officer of the Initiative for a Competitive Inner City. "These high-growth businesses help create jobs, income, and wealth for local residents, and they prove our belief that the most effective way to create economic equality in America's inner cities is to focus on sustainable business growth and investment."

About the 2008 Inner City award, Cynergy Data co-founder and CEO Marcelo Paladini said: "We're proud to be making positive contributions to the financial health of New York City. At Cynergy Data, we always strive to provide the best customer service and the most rewarding work environment for our team members."

Since its inception in 1995, Cynergy Data has expanded from a two-person operation to an industry leader boasting nearly 250 innovative, service-oriented employees. For more information about this subject, or to arrange an interview with Cynergy Data executives and/or managers, please call or e-mail Jessica Boylston-Fagonde: 800.933.0064 ext. 5148; jessicab @ cynergydata.net. You can also visit http://www.cynergydata.com.

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Jessica Boylston-Fagonde
Cynergy Data
(800) 933-0064 5148
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