LEAWOOD, Kansas -- Euronet Worldwide Inc., an electronic payments provider, was ranked No. 7 on Forbes magazine's annual list of the 25 fastest-growing technology companies. Euronet was one of the 13 new additions to the Forbes top-25 list this year with a five-year annualized sales growth of 69% and a projected annual profit growth of 20% for the next three to five years.
We are very pleased to be recognized by Forbes magazine as one of America's 25 fastest-growing technology companies. Our growth and profitability indicators are a result of the talent [image-nocss] and hard work of our employees who are working together in 20 countries to bring financial payment convenience to customers. Technology is a key part of our everyday lives and we are committed to finding new ways of delivering innovative payment solutions to simplify the lives of our customers, said Michael J. Brown, Euronet chairman, CEO and president.
According to Forbes, the 25 fastest-growing technology companies were selected out of 2,200 public U.S. technology stocks based on the following criteria: at least $25 million in sales, 10% annual sales growth for five consecutive years, profitability over the past 12 months and 10% estimated annual profit growth for the next three to five years. Forbes' 2007 25 fastest-growing technology companies list appears in the February 12, 2007 issue and is also available online at www.forbes.com/fasttech.
Euronet Worldwide offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. The Leawood, Kansas-based company has processing centers located in the United States, Europe and Asia, and processes electronic top-up transactions at more than 265,000 point-of-sale (POS) terminals across approximately 157,000 retailers in Europe, Asia Pacific, Africa and the United States.
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