Company sees significant increase in 2010 ranking; climbing nearly 900 spots
Boston, MA - Sept. 09, 2010 - Merchant Warehouse , a premier provider of merchant accounts and credit card processing solutions , has been recognized as one of America’s Fastest Growing Private Companies by Inc. Magazine, an exclusive ranking of the nation's fastest-growing private companies, for the third year in a row. Merchant Warehouse saw an increase in its 2010 ranking by nearly 900 spots, climbing from No.2,649 in 2009 to No. 1,772 this year. This climb can be attributed to an impressive three-year revenue growth of 155 percent.
“We are honored to be included in this list once again and be keeping such prestigious company,” said Henry Helgeson, co-CEO of Merchant Warehouse. “The past few years have been difficult for most businesses, and this recognition is a testament to the innovation and dedication of the Merchant Warehouse team. We have seen some great successes and milestones in recent months and look forward to future accomplishments that will hopefully propel us further up the Inc. 5000 list next year.”
The Inc. 5000 list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. For the third consecutive year, Merchant Warehouse is listed as one of the Top 100 Businesses in Boston-Cambridge-Quincy, MA-NH, with a reported $31 million in revenue in 2009. Merchant Warehouse is ranked No. 55 on the 2010 list of Boston-based companies and No. 94 for those organizations within the financial services industry. In addition to its revenue growth, the company has grown internally over the last three years by 40 percent, which also contributed to the positive climb on the list.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. President Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
Merchant Warehouse has brought tremendous innovation to the industry with its revolutionary solutions including MerchantWARE®, BINSmart™, MerchantWARE Mobile and MerchantWARE Transport. For more information on these products and the company visit merchantwarehouse.com
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com .
About Merchant Warehouse
Since 1998, Merchant Warehouse has set the standard for credit card processing by guaranteeing competitive pricing in merchant accounts, software, equipment, and providing dedicated, high quality customer service. Over 80,000 merchants later, the company continues to lead the industry with groundbreaking technology initiatives: MerchantWARE® ; BINsmart™; and MerchantWARE Mobile . Merchant Warehouse has been named the ETA 2009 ISO of the Year , Business Solutions’ Best Channel Vendor for 2009 & 2010 and is a two-time recipient of the Boston Business Journal Pacesetter Award . Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit http://merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse .
Marianne Rocco, Marketing Director