|By PR Newswire||
|September 3, 2012 12:31 AM EDT||
KOLKATA, September 3, 2012 /PRNewswire/ --
Steady Growth in Revenues, Profit and Earnings per Share Places Company in Elite Group
RS Software (http://www.rssoftware.com/), a global leader in payments domain expertise, announced today that it has been included in the Forbes "Asia's 200 Best Under A Billion" list for the first time. RS Software provides technology solutions to the leading payment brands globally.
To be considered for the "Asia's Best Under A Billion" list, a company must have positive net income, have been publicly traded for at least one year and generated annual revenue of between $5 million and $1 billion. From a group of 15,000 companies, 900 are selected and then ranked on sales growth, earnings growth and return on equity over the past 12 months and three years. Companies thinly traded or experiencing accounting or major legal troubles are culled from the group. Composed of 200 small to medium sized enterprises from 15 countries, the "Asia's 200 Best Under A Billion" companies grew an average of 48 percent last year generating $47 billion in revenue and employing 370,000 people.
"RS Software has capitalized on the opportunity presented by the continuing growth of e-commerce and e-payments, and the need for a highly reliable, secure payment processing infrastructure," said Raj Jain, Chairman and Managing Director of RS Software. "The convergence of payment types, the proliferation of mobile devices, the move to cloud computing and the introduction of new strategies, such as behavioral targeting, are creating additional opportunities as the demand for ubiquitous, convenient access to money by consumers and companies continues to increase," he added.
The companies comprising the 2012 "Asia's 200 Best Under A Billion" group have been in business for an average of 24 years and have been publicly traded for nine years. RS Software was founded in 1991 to provide customized software solutions to the payments industry and has been publicly traded for 18 years. More than 95 percent of the company's revenues come from providing services to financial institutions, payment network providers, payment processors and software companies in payment industry.
"The complexity of electronic payment systems worldwide continues to increase making each system unique and proprietary to the organizations that own them," said Jain. "A savings of just ten percent to the budgets supporting these systems frees billions of dollars to invest in harvesting market opportunity and driving innovation. We offer our clients that ability to unlock that capital which they need to win in a marketplace that is growing increasing competitive," he added.
RS Software is listed on the Bombay Stock Exchange (BSE: 517447) and the National Stock Exchange of India, Limited (NSE: RSSOFTWARE). The Forbes article, "Asia's 200 Best Under a Billion," by Christina Settimi, July 25, 2012, can be found in the magazine's August 2012 print edition or online at:
About RS Software:
RS Software India Ltd. is a leading technology solution and services provider focused on the electronic payment industry. Headquartered in Kolkata with offices in UK, US and Singapore, RS Software has been in business for the last 20 years providing solutions to Payment Networks, Processors, Acquirers, Issuers, ISOs and other major players in the electronic payments domain. In parallel, RS has researched and instituted global best practices in the areas of People Management and Process Architecture.
RS Software delivers unmatched payments expertise to a client list that includes the world's leading payments brands. Our global delivery model and knowledge transfer disciplines ensure that RS Software's cross-culture experience enables maximum value to the customer from start to finish.
RS Software has built solutions for the introduction of new standards such as EMV and new technologies such as mobile and contactless payments while mitigating the pain and cost associated with the legacy systems supporting them. We offer a comprehensive range of services - custom application development, quality assurance, testing, maintenance, support and strategic consulting - with an emphasis on availability, scalability and security.
RS Software maintains the highest standards for compliance, security and quality including the ISO 9001:2008, SEI-PCMM Level 3 and ISO 27001:2005 Information Security certifications. RS Software is listed on the Bombay Stock Exchange (BSE: 517447) and the National Stock Exchange of India, Limited (NSE: RSSOFTWARE).
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