MIDDLEBURY, Conn., Oct. 7, 2014 /PRNewswire/ -- For the second consecutive year, iSend has been named as the winner in the New Media/Internet/Telecom category of the Marcum Tech Top 40, an annual compilation of the 40 fastest growing technology companies in Connecticut as determined by The Connecticut Technology Council (CTC) and Marcum LLP.
Selection was based on the percentage revenue growth over the last four years. This is the third consecutive year iSend has made the Marcum Tech Top 40. iSend was named Connecticut's fastest growing technology company overall in 2012.
iSend's president and CEO, Steve LaBella, points to the growing, and underserved, population of immigrants who leave their birth countries, but who still have responsibilities to assist and support family members back home as one of the main reasons for the company's continued revenue growth.
"Our brand's promise is to help make life easier for immigrants and their families," said LaBella. "Everyone involved with the development, delivery and support of our international electronic payment services―from our partners to our staff―works tirelessly to live up to that promise, and it shows in the growth and success iSend continues to have. We are proud to represent the local Connecticut business community on an international level."
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 2010–2013, during which iSend realized 675 percent growth.
The Marcum Tech Top 40, now in its eighth year, recognizes technology leaders with at least $3 million in annual revenue and a four-year record of growth, in six industry sectors. Both privately held and publicly traded companies are eligible.
For more information on the Marcum Tech Top 40 and/or the CTC please visit the CT Technology Council's website at www.ct.org.
Ranked by Forbes magazine at #33 in 2013 and #13 in 2014 among "America's Most Promising Companies," and at #73 in 2013 and #550 in 2014 on Inc. magazine's annual 500|5000 list of America's fastest-growing private companies, iSend provides unprecedented electronic payment service 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, the United Kingdom, Europe and the Middle East, 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 more than 100 countries and growing throughout the Americas, the Caribbean, Africa, Europe, the Middle East and Asia, including the Indian subcontinent. For more information, visit www.iSend.com
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the United States. Ranked #15 nationally, Marcum LLP offers the resources of 1,300 professionals, including over 160 partners, in 22 offices throughout the U.S., Grand Cayman and China. Headquartered in New York City, the Firm's presence runs deep, with full-service offices strategically located in major business markets. Marcum is a member of the Marcum Group, an organization providing a comprehensive range of professional services spanning accounting and advisory, technology solutions, wealth management, and executive and professional recruiting. The Marcum Group companies include Marcum LLP; Marcum Technology LLC; Marcum Search LLC; Marcum Financial Services LLC; Marcum Bernstein & Pinchuk LLP; and MarcumBuchanan Associates LLC. For more information, visit www.marcumllp.com.
About The Connecticut Technology Council, Inc.
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, the Connecticut Technology Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms. For more information, visit www.ct.org.
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