Clearent Continues Rapid Growth with Record 2012

Online, January 23, 2013 (Newswire.com) - Today Clearent released its 2012 results, marking another record year and showing that it is one of the nation's fastest growing merchant processing companies. Clearent has grown at an incredible pace year after year, realizing a compound annual growth rate of 100% and processing nearly $3 billion worth of transactions in 2012.

Clearent continues to add new sales partners and merchants through its unique approach to the industry. The company's growth has been 100% organic to date.

Clearent is poised to maintain rapid growth in 2013 thanks to strong momentum in its sales channels. The company added nearly 100 independent sales organization (ISO) and agent partners last year, and grew its direct sales team to more than 50 individuals who are helping the company meet the needs of larger merchants in select cities across the U.S.

Clearent gets rave reviews from its sales partners and merchants about its superior customer service, clear pricing, fast merchant approvals and graphical reporting tools that are second to none. It also prides itself on its next day funding service that offers one of the latest cut off times in the industry.

All of these factors helped the company earn accolades such as appearing on the Inc. 5000 list of fastest growing companies, The Nilson Report's list of Top U.S. Merchant Acquirers, and the St. Louis Business Journal's list of fastest growing private companies in the greater St. Louis metropolitan area.

"I am very proud of what our team has been able to accomplish. We are committed to meeting the needs of our sales partners and merchants, and they have rewarded us with their loyalty," said Dan Geraty, CEO of Clearent. "This says a lot in such a highly competitive industry, and I'm excited because we have set a strong foundation for rapid growth again in 2013."