iSend Named Connecticut's Fastest-Growing Technology Company

MIDDLEBURY, Conn., Sept. 28, 2012 /PRNewswire/ -- In an award ceremony held last night, iSend, a leading international electronic payments service, took top honors in the 2012 "Marcum Tech Top 40," a ranking of the fastest-growing technology companies in Connecticut as determined by The Connecticut Technology Council (CTC) and Marcum LLP.

This year's Marcum Tech Top 40 identified the fastest-growing Connecticut companies in the categories of Advanced Manufacturing, Energy/Environment/Green Technology, IT Services, Life Sciences, New Media/Internet/Telecom and Software. Awards were presented to each category's top performer in terms of percentage revenue growth over the years 2008–2011. iSend, which realized 58,906 percent revenue growth during that period, was named the top company in the New Media/Internet/Telecom category as well as top growth company overall.

In accepting the award, iSend president and CEO Steve LaBella thanked iSend's executive and sales teams, investors and international business partners. "The international payments market space is highly competitive and moves at top speed," said LaBella. "Our people, our backers and our partners have all done a tremendous job of pulling together repeatedly to seize opportunities, and this recognition makes me proud to be part of the team and in the company of such great Connecticut innovators."

"iSend has skillfully capitalized on the exploding global phenomenon of people who have left their countries of birth and are using mobile and internet technologies to assist family members back home, capturing for Connecticut some of the business value of a trend that has been noted by many as something that is reshaping our planet," said Matthew Nemerson, President & CEO of the Connecticut Technology Council.

To qualify for the Marcum Tech Top 40, companies must have had operating revenues of at least $50,000 in 2008 and $3,000,000 in 2011, be headquartered in Connecticut, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devote a significant proportion of revenues to the research and development of technology. 

For more information on the Marcum Tech Top 40 and/or the Connecticut Technology Council (CTC), please visit the CT Technology Council's website at www.ct.org. 

About iSend
iSend is a leading international electronic payment service that provides unprecedented financial options for people who support family members in other countries. Customers control the use of the funds they transfer, including topping-up individual family members' prepaid cell phones, paying recurring monthly bills and sending gift cards for merchandise at specific stores. These transfers can be arranged in over 150,000 retail locations spanning the United States, Canada and the United Kingdom, with mobile phone top-ups also available online at iSend's recharge portal, www.Aryty.com. iSend's direct relationships with predominant mobile network operators, billing organizations and retail chains enable rapid transfers to recipients in over 65 countries throughout the Americas, the Caribbean, Africa, Europe, the Middle East and Asia, including the Indian subcontinent. For more information, visit www.iSendWorldwide.com.

About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked 15^th among the "Top 25 Firms" by Inside Public Accounting, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 21 offices throughout New York, New Jersey, Connecticut, Pennsylvania, Florida, Massachusetts, California, Hong Kong and Grand Cayman. Marcum is a member of the Marcum Group, the gateway to a group of organizations that provide a variety of professional services including accounting and advisory, technology solutions, recruiting and wealth management. These organizations include Marcum LLP; MarcumRachlin, a division of Marcum LLP; MarcumStonefield, a division of Marcum LLP; Marcum Technology LLP; MarcumBuchanan Associates LLC; Marcum Search LLC and Marcum Financial Services LLC. For more about Marcum LLP, visit www.marcumllp.com.

About The Connecticut Technology Council, Inc.
The Connecticut Technology Council is the state's industry association for the technology sector. CTC's mission is to "connect people, ideas and opportunities to the global technology and innovation community." CTC provides members with business assistance and specialized programs, in addition to promoting and supporting public policies that position Connecticut to have a globally recognized "culture of innovation" that helps attract great ideas and entrepreneurs to in turn develop new jobs and wealth for the state. www.ct.org

For more information:

Jan Sisko
Carabiner Communications
678.461.7438
[email protected]

SOURCE iSend