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REDWOOD SHORES, CA – OCTOBER 14, 2014 – CIO Review magazine, the leading industry publication for technology decision makers, has recognized Vindicia as one of 2014’s “100 Most Promising Technology Companies.” The honor highlights Vindicia’s leadership in transforming the way businesses attract and maintain customers in an increasingly digitized world — enabling subscription sales and recurring payment services for companies conducting business across every spectrum of the Internet: Over-the-Top (OTT), digital media and entertainment and online services like taxes, security, data storage and more.
“We don’t often see the words “sexy” and “subscriptions” used in the same sentence, but the truth is more and more of our purchasing habits now come with online subscription options,” said Gene Hoffman, CEO and chairman of Vindicia. “Think NFL, NASCAR Digital Media, NextIssue, Vimeo, Carbonite and NBA.com — each offering memberships that enhance or replace yesterday’s one-time transactions, one-off sales and filling out payment information over and over again. We’ve entered a new era of digital business, and we’re proud to be recognized by CIO Review for our role in transitioning brands and businesses to the convenience and profitability of recurring revenue streams.”
At its core, Vindicia keeps customers connected to the subscription services they love, and companies connected to revenues they increasingly see as reliable revenue streams.
Vindicia’s flagship products, Vindicia® CashBox® and Vindicia Select™, help merchants manage and track every touchpoint and potential scenario of a subscription billing model so that companies can install, grow and control recurring payment systems with ease and dependability. In addition, with one of the largest databases of credit card files in the world, Vindicia is uniquely positioned to deftly and securely resolve transaction “fails” that can impede purchases — such as card expiration dates — to decrease customer churn and instead increase retention.
“It’s a remarkable economic time for businesses as new consumer services are exploding, and we are fired up about the expanding opportunities that online subscription and membership billing models represent,” added Hoffman. “We’ve worked hard to establish Vindicia as a platform that uniquely understands the evolving needs of digital businesses, while also keeping our eye fixed on addressing consumer online purchasing behavior and subscription service demands.”
CIO Review releases its “100 Most Promising Technology Companies” list annually in recognition of the top tech organizations helping business around the world utilize the latest technology to keep pace with emerging trends, overcome roadblocks and handle other vital aspects of managing a business. A panel of CEOs, CIOs, analysts and CIO Review editorial board members determine the list each year.
A distinguished panel comprising of CEOs, CIOs and analysts including CIOReview editorial board scrutinized many companies and finalized the 100 Most Promising Technology companies. The complete coverage of the 2014 CIOReview100 listings is online and in the August 2014 issue of CIO Review magazine.
CIOReview is a technology magazine that focuses on the enterprise solutions that can redefine the business goals of enterprises tomorrow. It is the leading source that shares innovative enterprise solutions developed by established solutions providers, upcoming hot enterprises and is a neutral source for technology decision makers. Published from Fremont, California, CIOReview is an excellent platform showcasing innovative solutions. For more information, visit the company’s website at www.cioreview.com.
Vindicia brings enterprise-class innovation to consumer-facing subscription billing to help digital companies acquire more customers and keep them by making payments seamless, secure and easy. Vindicia keeps customers connected to the subscription services they love, and companies connected to the subscription revenues they need. Vindicia has processed more than $6 billion globally and generates over $90 million in annual incremental revenue for clients. Clients include TransUnion Interactive, Intuit, Activision Blizzard, IAC, Bloomberg, Vimeo, Next Issue Media and more. Vindicia was recently ranked the number one billing software solution on the market by Business-Software.com, and recognized as a “Top 100 Promising Tech Companies” by CIOReview magazine. For more information visit www.vindicia.com.