Pivotal Payments Among Finalists For Canada's 50 Best Managed Companies Of 2009

Canada’s fastest growing payment processing provider is recognized in the country’s leading business awards program

(I-Newswire) November 27, 2009 - MONTREAL – November 26, 2009. Pivotal Payments, one of Canada's fastest growing Payment Processor Provider, has been selected as a finalist for Canada's 50 Best Managed Companies award. The announcement was made today by Philip Fayer, President and CEO of Pivotal Payments.

"It's an honor to be associated with an award that symbolizes Canadian corporate success," said Mr. Fayer. "This allows us to be part of an exclusive list of companies who have all had a tremendous year."

Canada's 50 Best Managed Companies award recognizes excellence in Canadian-owned companies with revenues over $10 million. Factors such as business performance, sustained growth and overall organizational efforts are considered when choosing a winner. The award was established in 1993 and is sponsored by Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business. Winners of Canada's 50 Best Managed Companies will be chosen on March 8, 2010.

"This recognition is a testimony to our team's hard work over the years. We've seen growth in all areas of our business - from expanded sales territories to overall staff size,” explained Mr. Fayer.

Pivotal Payments has grown to over 280 employees and over 600 agents. With three acquisitions since 2007, the company has customers in the USA and Canada and processes over $7 billion in annual volume. Goldman Sachs is the primary financial partner.