HOUSTON – October 30, 2012 – HighRadius, a leading provider of Receivables and Collections Management solutions, has been named to the Houston Business Journal’s FastTech 50 list for the fourth consecutive year. Year-over-year revenue growth of 58.75% secured the company’s #24 ranking. This rapid growth is fueled by an expanding portfolio of solutions that drive automation and standardization across critical accounts receivables functions such as cash application, invoice presentment, and credit, deductions, and collections management.
President & CEO, Sashi Narahari, credits the dedication of the HighRadius team for this achievement. “The team is continuously striving to improve the products, services, and value that HighRadius provides to its customers. We are extremely proud of the high level of satisfaction our customers demonstrate and know that this is the primary reason for our success and growth. As we continue to develop new solutions and improve our existing ones, the value and service provided to our customers always come first. This is why we not only have nearly 60% revenue growth but also why we see nearly 95% customer renewal rates.”
HighRadius is poised for continued high-growth revenue due to a continuing dedication to the SAP® market, as an SAP partner and provider of certified solutions developed on the SAP® Netweaver technology platform and because of a rapidly expanding set of cloud-based receivables management solutions that are available as software-as-a-service (SaaS).
The FastTech 50 awards are presented annually by the Houston Business Journal to high-tech companies that experienced the greatest percentage growth in the prior year.
HighRadius improves corporate receivables results by modernizing and streamlining accounts receivables operations. The company’s cloud-based solutions for managing credit, cash application, customer deductions, and collections and certified solutions and services for SAP Receivables Management are trusted by some of world’s most recognizable brand names. Founded in 2006, HighRadius is based in Houston, Texas and is consistently named one of the city’s fastest growing technology companies. For more information please visit www.highradius.com.
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