HOUSTON, Oct. 21 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board and OTC Pink Sheets: UDWK), a leading provider of enterprise payments solutions to financial institutions, billers, and government entities, today announced that it was selected as a 2010 Deloitte Technology Fast 500 award winner.
"US Dataworks has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
This marks the second time that US Dataworks has been ranked among the Deloitte Technology Fast 500 – a notable achievement due to the strong revenue growth required to crack the ranking. US Dataworks was previously selected as a member of Deloitte Technology Fast 500 in 2008.
Charles E. Ramey, Chairman and CEO of US Dataworks, commented "Our strategic move to a transaction-based pricing model in 2006 has proven to be a key factor in accelerating our recurring revenue growth. We look to expand this revenue model with the launch of our cloud computing initiative which will bring the power of Clearingworks to a broader range of customers."
The Deloitte Technology Fast 500, recognizes technological innovation, entrepreneurship and rapid growth. This awards program provides a ranking of the fastest growing public and private companies in the technology, life sciences, media, telecommunications and clean technology sectors in North America based on percentage of fiscal year revenue growth from 2005 to 2009.
Mario Villarreal, President and COO of US Dataworks, added "Being part of the Deloitte Technology Fast 500 validates our strong business results and track record of innovation over the past four years. US Dataworks is changing the way payments are processed today and we are proud to receive this prestigious award."
About US Dataworks
US Dataworks offers on-demand payment processing services with proven enterprise-class payment, deposit, returns processing, and powerful payment analytic tools. US Dataworks is a trusted payments provider to utilities, telecommunications providers, content providers, financial institutions and government agencies.
For more information, visit www.usdataworks.com.
Certain statements made in this press release (other than the historical information contained herein) constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements regarding our expectation of continued revenue growth. Any forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, the failure of our new solution to perform as anticipated, our ability to provide long-term customer value and agility, our ability to protect our intellectual property, our position in the marketplace, our ability to develop and timely introduce products that address market demand, the impact of alternative technological advances and competitive products, market fluctuations, our ability to repay or refinance our debt,, our ability to realize the anticipated benefits from our SaaS, ClearHistory and Mobile Payments initiatives, and other risks detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the fiscal year ended March 31, 2010. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
SOURCE US Dataworks, Inc.