San Francisco, CA (PRWEB) September 18, 2008
Inc. announces it has ranked YapStone, Inc No. 1112 on its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
In addition to the overall ranking, YapStone received rankings of No. 45 in the Top 100 Businesses in San Francisco-Oakland-Fremont, CA and No. 62 in the Top 100 Financial Services Companies.
YapStone expects to continue to see growth as more and more Property Management Companies see the benefit to online payments. More renters expect to be able to pay their rent with plastic. That consumer demand has "just been a snowball trend," says Chairman Thomas Villante. "Young people are entering the payment market and they expect to be able to pay everything electronically. That's a big demographic shift."
YapStone also provides a technology payment platform for use in any vertical utilizing online transactions. "While our core business continues to grow, there are tremendous opportunities to extend our product to new industries" says CEO Matt Golis.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Yapstone, Inc., the industry leader in electronic payment processing to the property management industry provides credit card processing, ACH, and remote deposit capture (check scanning) services through their best of breed YapStone Integrated Payment Platform. Founded in 1999, YapStone processes billions of dollars in annual transaction volume and currently operates three offices across the US, headquartered in San Francisco.
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