Merchant Warehouse Named to the Inc. 5000 List of Fastest Growing Companies in 2009

Merchant account provider joins the Inc. 5000 list again due to its continued rapid growth

Boston, MASS,  -- Inc. magazine has selected Merchant Warehouse, a premier provider of merchant accounts and credit card processing solutions, as a member of its third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The Inc. 5000 list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs.

Within the Inc. 5000, Merchant Warehouse was also listed as one of the Top 100 Businesses in the Boston, MA area and New Hampshire with a reported $27.3 million in revenue in 2008 and 111.7 percent sales growth over the past three years.

“To be named to the Inc. 5000 list two years in a row is a great accomplishment,” said Henry Helgeson, co-CEO of Merchant Warehouse. “This recognition is a result of the hard work of Merchant Warehouse team by continuing to provide quality customer service and innovative products for all our merchants, agents, and Point of Sale partners. We have enjoyed an amazing past 12 months including breaking many company records for new account sales.”

Merchant Warehouse has brought significant innovation to the industry with its revolutionary solutions including MerchantWARE®, BINSmart™, MerchantWARE Mobile and MerchantWARE Transport. They have been named the ETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 and are a two-time recipient of the Boston Business Journal Pacesetter Award.

“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”

The 2009 Inc. 5000 serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.