Monday, February 23, 2009

Vindicia Bills 1Billion USD in 08 Expects to be Profitable in 09

Vindicia is a highly reccommended payment partner, especially to mitigate, prevent or reduce fraud and chargebacks. Congrats to Gene and his hard-working experienced team; "REDWOOD CITY, Calif. - February 11, 2009 - Vindicia, a leading provider of on-demand payment management software, today released 2008 performance metrics pointing to across-the-board growth and highlighting the company's expectation to capitalize on the year's success with accelerated growth in 2009. Underscoring its bullish outlook, the company expects to reach profitability in 2009 on forecasted revenues of between $6 to $8 million, a 100% increase over 2008 revenue. Vindicia handles approximately 160,000 online transactions a day, for a total of over 58 million in 2008. Also in 2008 the company billed $1 billion in revenue for its customers."

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