New York, NY, Oct. 23, 2012 (GLOBE NEWSWIRE) -- Inc. magazine ranked Transcendent One, Inc. No. 105 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America's independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.
Transcendent One ("T1") is the first and only "Merchant-Owned" payment processing company in the merchant services industry (i.e. credit card/ACH processing). The company not only extends savings to merchants on their current payment processing costs, but provides merchants the unique opportunity to earn company stock through its Merchant Equity Program (based on dollar processing volume). The company, founded in 2006, generated $3.7 million in revenue in 2011.
"We hear all too often about small businesses being gouged by their current merchant processor. It's refreshing to be a part of a company that rewards its clients for their loyalty in one of the most competitive spaces in the business services arena. In today's market, we truly have a great story to share," says Steve Cox, Executive Vice President.
The 2012 Inc. 500, unveiled in the September issue of Inc. (available on newsstands from August 21 to November 15 and on Inc.com), is the most competitive crop in the list's history. To make the cut, companies had to have achieved a staggering minimum of 770% in sales growth. The Inc. 500' s aggregate revenue is $15.7 billion, with a median three-year growth of 1,431 percent. The companies on this year's Inc. 500 employ more than 48,000 people and generated over 40,000 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/500.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Eric Schurenberg.
About Transcendent One, Inc.
Transcendent One, Inc. ("T1") is a leading business services provider of electronic transaction processing technologies and associated merchant services. Transcendent One is the first and only "Merchant-Owned" company that offers clients the opportunity to earn stock based on their processing volume. Headquartered in Carlsbad, CA the company works with numerous financial institutions, associations, and independent professionals across the country. In 2012, Inc. magazine ranked Transcendent One No. 105 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing companies. For more information, please visit www.transcendentone.com.
Transcendent One is the parent company of TransTech One, a commercial and residential IT services firm offering network installation & maintenance, hardware/software maintenance & support, network security, and consulting services. For more information, please visit www.transtechone.com.
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More about Inc. and the Inc. 500|5000
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars--the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list's alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us October 3-5, 2012, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona. For more information about the 2012 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
Source: Transcendent One