Record-Breaking Performance Lands Clearent on Inc. 5000 List

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Clearent lands at #904 on Inc. 5000 list of fastest growing private companies.

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It’s quite a challenge for the entire company to sustain such rapid growth over time, as I’m sure other companies on the Inc. 5000 would agree. I’m extremely proud of the effort and focus of our team to continue our growth again this year.

Today Clearent announced that it has been named to the Inc. 5000 list of fastest growing private companies for the second consecutive year.

The Inc. 5000 is ranked based on percentage revenue growth over a three-year period. Clearent landed at #904 this year based on its 489% growth rate between 2009 and 2012. The Inc. 5000 listing indicates that Clearent is one of the fastest growing credit card processors in the country.

Last year, Clearent experienced record-setting growth in all sales channels. Its strongest growth was among independent sales organizations (ISOs) and agents, as it broke a company record by adding nearly 100 ISO partners last year. Clearent’s direct sales channel also contributed to this rapid growth by building a team of 60 merchant level sales professionals in just one year.

Clearent has grown 100% organically to date, which is uncommon in an industry where acquisitions typically are the main driver of high growth. Clearent is proud of how many merchants its sales teams have added to the company’s portfolio, as it now has nearly 18,000 customers for whom it processes their credit and debit card payments.

The large increase in the number of Clearent’s sales partners and merchants shows that they continue to choose Clearent as the best alternative for merchant credit card processing services. Tired of dated products and indifferent service from legacy payment processors, customers increasingly turn to Clearent’s unique capabilities.

“We’re thrilled to be listed on the Inc. 5000 again this year,” said Dan Geraty, CEO of Clearent. “It’s quite a challenge for the entire company to sustain such rapid growth over time, as I’m sure other companies on the Inc. 5000 would agree. I’m extremely proud of the effort and focus of our team to continue our growth again this year.”

About Clearent

Clearent is a credit card processing company that was built to be different. We combine leading edge technology with a passion for service to help our customers maximize the value of their merchant services program. Clearent provides sales agents, financial institutions, and merchants with benefits not available from other providers, such as next day funding with a late cut-off time and unrivaled graphical, web-based reporting, and now processes $4.5 billion in annual card volume. To learn more, visit http://www.clearent.com or call 866.205.4721.

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Shannon Kohler
Clearent
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