HighRadius Wins Paul Frison Acceleration of the Year Award and Bags FastTech 50 Award for the Second Consecutive Year

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HighRadius ranks 27th among Houston’s FastTech and receives Paul Frison award for being the youngest, fastest growing company

This is a direct result of tremendous growth experienced by the company in 2008 through acquisition of many new customers and establishing leadership in certain verticals. We are looking forward to enhance our current product portfolio and bring innovative solutions to market to drive working capital efficiencies in areas that were not considered optimization opportunities in the past

HighRadius Corporation, (http://www.highradius.com) was recognized as one of the fastest growing te,chnology companies in Houston for the second consecutive year. The Fast Tech 50 awards were presented to 50 Houston-based high-tech companies that experienced the greatest revenue growth percentage year-over-year. HighRadius ranked 27th with an annual revenue growth of 43%. HighRadius was ranked 5th on FastTech 50 last year.

HighRadius also received Paul Frison Acceleration of the year award recognizing it as the youngest and fastest growing company in Houston area. “HighRadius is a prime example of how entrepreneurs are changing the way we do business. Identifying a need and crafting a solution is one thing, being able to quickly and successfully bring it to market is how companies like HighRadius set themselves apart from the pack” said Paul Frison, Founding CEO and Executive Vice Chairman of Houston Technology Center (HTC).

“HighRadius is honored to be included in the FastTech 50,” stated Sashi Narahari, CEO of HighRadius “This is a direct result of tremendous growth experienced by the company in 2008 through acquisition of many new customers and establishing leadership in certain verticals. We are looking forward to enhance our current product portfolio and bring innovative solutions to market to drive working capital efficiencies in areas that were not considered optimization opportunities in the past,” said Sashi

About Houston Technology Center (HTC):
Houston Technology Center (HTC), a non-profit organization, is Greater Houston’s business accelerator and the largest technology business incubator in Texas. Accelerating the commercialization of emerging technology companies by providing in-depth business guidance, access to capital and service providers, and entrepreneurial education, HTC also promotes Houston as a leading technology city and serves as a hub for the local technology business community. Supported by more than 300 corporations and organizations, Houston's leading academic institutions, Greater Houston Partnership, Texas Medical Center, NASA-Johnson Space Center and the City of Houston, HTC has become Houston’s center of technology entrepreneurship by assisting companies within several key sectors: Energy, Technology, Life Sciences, Nanotechnology, and NASA/Aerospace technologies. In ten years of operation, HTC has provided feedback to well over 1,000 companies and coached nearly 250 companies, helping them raise in excess of $750 million and creating thousands of jobs.

About HighRadius Corporation:
HighRadius provides Financial Supply Chain Management (FSCM) software solutions to optimize receivables functions such as credit, collections and deductions. HighRadius software has a unique delivery model that does not require independent enterprise software deployment and operation. The software is offered either via the cloud as a hosted Software as a Service (SaaS) model or as a plug-in that gets imported into large scale ERP system such as SAP and complements its existing functionality. HighRadius solutions enable companies to lower days sales outstanding (DSO), minimize write-offs and reduce operating costs. Headquartered in Houston, Texas, HighRadius customers include Warner Brothers, Estee Lauder, Callaway Golf, Adidas, Hershey and Georgia Pacific.

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Sashi Narahari
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