Paymetric Ranks in Top Ten on Deloitte's Texas Technology Fast 50 List

Business Wire, Sept 8, 2005

HOUSTON -- Paymetric, Inc., the leading provider of SAP-integrated payment card solutions, has been named among the top ten fastest-growing technology companies in Texas in Deloitte & Touche USA LLP's prestigious Texas Technology Fast 50 Program. Deloitte, one of the nation's leading professional services organizations, bases its rankings on the percentage revenue growth that technology companies achieved over five years from 2000 to 2004.

"We are delighted that Paymetric, with 1,711% growth over the last five years and world-class customers such as Boston Scientific, Goodyear, Konica Minolta and Moen, has been recognized as a leader among Texas' 50 fastest-growing technology companies," said Steven Putney, President and CEO of Paymetric. "Paymetric is solidly positioned at the intersection of SAP dominance in the ERP market space and the rapidly growing, $700 billion corporate credit and purchasing card market. The January 2005 completion of our Series A financing, combined with our October 2004 acquisition of Riverside Software and its corporate purchasing card technology, sets the stage for us to accelerate delivery of payment solutions that create value for buyers and suppliers alike."

"Making Deloitte's Texas Technology Fast 50 is a testament to a company's vision that has resulted in exceptional growth over five years," said Skip Moore, Regional Managing Partner - Technology, Media & Telecommunications, Deloitte & Touche LLP. "Paymetric's leadership team has the right stuff for growth, and Deloitte salutes their accomplishments."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in North America, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Paymetric, Inc.

Paymetric empowers organizations to leverage payment cards more effectively by integrating buying and selling functions directly into their ERP-enabled business operations. Paymetric solutions extend SAP capabilities to streamline procurement, sales and accounting operations. With Paymetric, customers can reduce their cost structure, mitigate risk, improve cash flow, and expand revenue opportunities. Paymetric is an award-winning SAP partner and certified SAP developer. SAP has accredited Paymetric's XiPay and MasterCard SmartLink solutions with SAP Certified Integration. Established in 1998 and headquartered in Houston, Paymetric is an Austin Ventures portfolio company. Additional information about Paymetric can be found on the company's web site, www.paymetric.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.