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November 14, 2012 /PRNewswire/ --
Payoneer Inc. today announced it ranked 34 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in
North America. Payoneer grew 4,751 percent during this period.
Payoneer's chief executive officer,
Scott Galit, credits the quality of the company's partners and its great team with Payoneer's rapid growth. He said, "Payoneer accelerates growth for e-commerce companies and many other businesses by improving the way they make payments to more than 200 countries worldwide. Payoneer offers more choice, lower cost, flexible technology, better service and increased speed and satisfaction for both senders and recipients. We now offer a complete global multi-currency solution that solidifies our leadership position in this emerging market and demonstrates our commitment to meet the evolving needs of our corporate partners and customers around the world."
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said
Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said
Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Payoneer for this impressive accomplishment."
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in
North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least
$50,000 USD or CD, and current-year operating revenues of at least
$5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within