Prestigious recognition reflects company’s growth from innovative solutions
PADUCAH, Ky.--(BUSINESS WIRE)-- Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, today announced their ranking on the 2012 FinTech 100. The annual international listing represents the top vertical technology vendors that derive more than one third of their revenue from the financial industry as named by American Banker, Bank Technology News and IDC Financial Insights.
“For CSI, this ranking validates the hard work of our employees, the strength of our customers and the sound business decisions made within our company every day,” said Steve Powless, chief executive officer of CSI. “We also see it as a tangible sign that our Strategic Growth Initiative, or SGI—which was introduced last year and includes product innovations, acquisitions, talent and regulatory and compliance initiatives—is continuing to drive value for our customers and shareholders.”
CSI ranked 60th on the list of financial technology companies that were judged according to their global revenues–attesting to the company’s stability and importance within the industry.
During the past year, CSI has achieved several significant milestones such as a company-wide rebranding and industry repositioning, continued growth of its customer base and an expanded focus on new and emerging trends present in the financial services industry. Collectively, these milestones have enabled CSI to represent more than 5,000 customers by more than 1,100 dedicated employees within its 23 locations nationwide.
As a result of these substantial efforts, CSI has reported record-setting yearly revenue and net income totals of $178 million and $25.5 million respectively. Additionally, the company was recognized by MSPmentor and Talkin’ Cloud as an industry frontrunner in the cloud technology forum for its continued focus on implementing new technologies for its growing list of customers.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory and compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation in empowering businesses to remain competitive, compliant and profitable. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
Elizabeth McMillan, APR
Source: Computer Services, Inc.