CashEdge Ranked No. 12 In IndUS Business Journal's Fastest Growing US-based Companies
New York, NY – October 22, 2007 —CashEdge, a provider of online financial applications, has been named to IndUS Business Journal’s list of the twenty-five fastest growing U.S.-based companies. Rankings are based on revenue growth over three years from 2003–2006.
In receiving the award CashEdge CEO Sanjeev Dheer said, “We are pleased to be recognized among this impressive group of companies. This ranking is a validation of our vision for the online banking channel and the hard work of our global team to realize that vision. With offices spanning multiple time zones from California to New York to India, our team is literally working around the clock to develop some of the most valuable innovations in the financial services industry,” he added.
The IndUS Business Journal "Fastest Growing South Asian Companies" list ranks the fastest growing U.S.-based companies with an executive of South Asian descent serving in a senior management position. The list ranks companies by their total three year growth rate between Fiscal Year 2003 and FY 2006. Firms must have reported at least $200,000 in revenue in 2003 and recorded consistent year-to-year revenue growth in order to qualify.
About CashEdge
CashEdge® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.
CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.
Contact:
Jennifer Moritz
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About The IndUS Business Journal
The IndUS Business Journal is the sole business-to-business newspaper covering the Indian and South Asian business community in the United States, as well as trade and investment issues between South Asia and the United States. Founded in 2000, the paper consistently ranks among Yahoo's Directory of Top Business News Sites. The Asian-Indian Community is the fastest growing and most affluent ethnic segment in the United States. For more information on the newspaper, visit http://www.indussub.com/mediakit