Company Recognized for its Industry Leadership in Receivables Automation Software

DENVER, CO – JUNE 4, 2012 PaySimple, the leader in cloud-based receivables automation targeting small businesses today announced that is has been included in JMP Securities’ 2012 Edition of the “Hot 100: The Best Privately Held Software Companies.” The report profiles 100 of the leading private companies in the software industry identified by the research team at JMP Securities. PaySimple was chosen among thousands of software companies based on the success of its all-in-one accounts receivable software, which enables small businesses to save time and get paid faster by billing, collecting and managing all of their payments and customers in a single easy-to-use cloud-based solution.

“PaySimple is honored to be part of the JMP Securities Hot 100,” said Eric Remer, CEO of PaySimple. “The market has recognized which solutions have become critical to helping small businesses bill, collect and manage their payments and customers, and this acknowledgement is additional validation of the growth and importance of the receivables automation space.”

JMP evaluates multiple criteria in selecting the “Hot 100,” including financial growth, products and services, quality of leadership, customers and market potential. Only software companies that demonstrate excellence in their respective areas make the Hot 100 list. PaySimple was selected for its innovation receivables automation software and its unique ability to enable enterprises such as American Express, Chase, Western Union and Vantiv to offer this value-added solution to their small business members.