BankServ Named to Inc. 5000 List for 9th consecutive Year
Annual ranking lists fastest-growing companies in America
Las Vegas, NV, August 23, 2011 — For the ninth straight year, Inc. Magazine has named BankServ to its annual Inc. 5000 list, a ranking of the fastest-growing private companies in America. BankServ came in at #2874 on this year's list, with a three-year revenue growth rate of 75%. The company has qualified for the Inc. 5000 every year since 2003.
"We're honored to be included among such elite company, especially over an extended period of time," said BankServ CEO David F. Kvederis. "Qualifying for the Inc. 5000 this year now represents over a decade of strong growth for our company, and we look forward to more fo the same in 2012 and beyond."
Founded in 1996, BankServ has grown from a California-based software startup to a global company with nearly 175 employees and offices in San Francisco, Las Vegas, Salt Lake City and London. It currently provide services to more than 500 banks and Fortune 500 companies across five continents. The company has set a new record for quarterly revenue growth for 59 consecutive quarters since its founding.
In addition to strong organic growth, BankServ has bolstered its expansion through acquisitions, including remote deposit capture provider NetDeposit in 2010 and merchant services processor Commerciant in 2009. A majority stake in BankServ was recently purchased by private equity firm GTCR in a deal that is expected to close this month.