Inc. 5000 List Ranks uMonitor among America’s Fastest-Growing Private Companies for Third Consecutive Year

MEMPHIS, Tenn.--(BUSINESS WIRE)--uMonitor, a provider of innovative financial software solutions for customer acquisition and retention operational excellence, today announced that it ranked on the 2010 Inc. 5000 list for its third consecutive year. The company's 191 percent revenue growth from 2006 to 2009 earned it a place among the nation's fastest-growing private companies.

“Improving operational efficiency, increasing profitability and generating new revenues is always front-of-mind for financial institutions, and uMonitor has a proven industry reputation for meeting those needs”

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

uMonitor offers a wide range of Web-based solutions specifically designed to help financial institutions improve efficiencies and provide the most up-to-date online banking services. Its solutions enable financial institutions of all sizes to increase profitability, generate new revenues and improve regulatory compliance and employee productivity. In 2009, the company expanded its client base by more than 20 percent, provided new solutions and upgrades to almost half of its existing client base and substantially extended its strategic alliances with financial technology providers. 2010 has also proven to be a groundbreaking year for the company, with the introduction of new solutions such as person-to-person (P2P) money transfer services as well as continued client growth.

“Improving operational efficiency, increasing profitability and generating new revenues is always front-of-mind for financial institutions, and uMonitor has a proven industry reputation for meeting those needs,” explained Dinesh Sheth, CEO for uMonitor. “Being recognized among the nation's fastest-growing private companies for three consecutive years representing growth from 2003 to 2009 demonstrates that we have the business model to help banks and credit unions excel no matter what the environment. We are proud to be recognized on Inc.’s list and look forward to many more years of success.”

The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. This year’s Inc. 5000 companies employ a record 1.4 million people, up from one million on last year’s list.

About uMonitor (www.umonitor.com)

uMonitor offer a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services. These highly configurable and customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, improve employee productivity while reducing costs and delight customers. uMonitor solutions include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Person-To-Person Payments, Bill Presentment and Payment Solutions, Premium Account Management Service, Advisor-Client Relationship Management, and other services. The company’s growth and success were recognized by its inclusion on the Inc. 5000 list in 2008, 2009 and 2010.

For more information contact Gillian Smoot at [e-mail], call 901-757-1212 ext. 7115, or visit www.umonitor.com.