August 20, 2012
BillingTree Achieves Record 46 Percent Revenue Growth
Company on target to achieve revenue growth
predictions of 25 percent set at the start of 2012
Completes successful transition of the leadership
Phoenix, Ariz. - August 20, 2012 -BillingTree, one of the
nation's leading on-demand payment processors, today announced that
after a successful Q2 with 40 percent increase over Q2 2011, it has
achieved a 46 percent increase in top line revenue in H1 of 2012,
compared to the same period in 2011. During the period in which the
company successfully completed a significant leadership transition,
this puts the company on target to achieve 2012's revenue
projections of 25 percent growth.
In Q2, after a period of sustained success, the company welcomed
David Roberts as the new CEO and President to lead it through its
next major growth period. The past President Scott McCollum remains
Chairman of the BillingTree Board.
During Q2 BillingTree also added Matt Llewellyn to its executive
team as VP of Healthcare Sales and enhanced its healthcare services
with the launch of a new offering to meet the increased demand from
the healthcare industry. Health PAS™ is a unique initiative through
which third-party billing services and accounts receivable
companies can process payments on behalf of a healthcare
"We are extremely pleased with the continued momentum the
company experienced during the recently completed leadership
transition. It is a real testament to the solid foundation we are
building on here at BillingTree," commented David Roberts,
BillingTree's President and CEO. "Our revenue growth continues to
impress, especially when factoring our 40% increase in Q2 was after
our continued commitment to issue Durbin Rebates back to
"Growth in the second quarter was the result of our unparalleled
product and service offering within the ARM Industry. We also
secured new business from the Healthcare market, where we launched
an exciting new product offering, and in the Utility market, where
we have been taking a high profile role with many speaking
engagements - most recently addressing the AGA/EEI Conference."
"Throughout all of the company's growth and success,
BillingTree's staff have continued our ongoing charitable efforts,
volunteering over 106 hours of their time helping multiple
charitable organizations in Q2 including Feed My Starving Children
and St. Mary's Food Bank, to name a few," concluded Roberts.
BillingTree supplies the leading fully integrated, multi-channel
electronic payment platform to a growing list of Industries,
including Insurance, Utilities, such as power, cable, municipal,
and phone, as well as Healthcare and Subscription-billed services.
Benefits of electronic payment solutions include an accelerated
availability of consumer funds, reduced costs associated with
manual-payment processing, improved cash management, and integrated
processing by managing all payments, returns, and corrections
through a single portal.
BillingTree Appoints Matt Llewellyn as VP Sales for Healthcare
BillingTree Appoints David Roberts as new President &
BillingTree to Address Utility, Municipality and Energy
Professionals at Upcoming Conferences Connect Summer School
The proven leader in on-demand payment processing, BillingTree
empowers customers with competitive advantage through a
simplification of the billing and receivables process. By
delivering the most innovative technology while making it as easy
and inexpensive as possible to accept payments, BillingTree has
revolutionized the payments landscape. Our software-as-a-service
(SaaS) model delivers industry-leading payment solutions, proven
integration, and point-and-click simplicity. BillingTree's focus on
innovation has allowed us to help more than 2,000 customers
eliminate manual processes and automate their payment cycles.
BillingTree - Growth is our Business. For more information, visit
or call 877.4.BILLTREE.
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