USA Technologies Recognized as Fast Growth Company in Philadelphia
MALVERN, Pa.--(BUSINESS WIRE)--
USA
Technologies, Inc. (NASDAQ: USAT) ("USAT"), a premier payment
technology service provider of integrated cashless and mobile
transactions in the self-service retail market, is proud to announce
that Stephen P. Herbert, Chairman and CEO, was honored as a Future 50
award winner in the Philadelphia market by SmartCEO Magazine,
this evening.
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Stephen P. Herbert, Chairman and CEO, USA Technologies (Photo: Business Wire)
Sixty
Greater Philadelphia companies were recognized for their fast
growth, determined by a three-year average of employee and revenue
numbers. The 2017 Future 50 winners collectively generate nearly $4.84
billion in annual revenue and employ 25,272 individuals in the Greater
Philadelphia area.
"I'm truly honored to have been nominated and selected for this award
alongside a number of inspiring CEOs from the greater Philadelphia
region," said Stephen Herbert, CEO of USA Technologies. "USA
Technologies owes much of its success to our customers, business
partners, and employees for their tremendous support over the years. I
am fortunate to be surrounded by a dedicated team of people focused on
building next generation payment technologies and for helping the
company continue its growth as a leader in the unattended retail market,
and customers and partners who believe in our journey and put their
trust in us."
Mr. Herbert joined USA Technologies in 1996 and served as the company's
President and Chief Operating Officer from 1999 to 2011, when he was
appointed Chairman and Chief Executive Officer. Prior to joining USA
Technologies and since 1986, he worked for the Pepsi-Cola Company, the
beverage division of PepsiCo, Inc., where he held several management
positions in operations, sales and marketing. Mr. Herbert is a graduate
of Louisiana State University.
"From growing a startup to scaling an established organization, this
year's Future 50 winners have executed their growth strategies year
after year. More impressively, they have created job opportunities and
fueled economic prosperity in our region," says Jaime Nespor-Zawmon,
President of SmartCEO. "Stephen Herbert is a passionate entrepreneur who
embodies the true definition of leadership. This award honors his
commitment to building a growing business in Philadelphia, helping to
make our region an attractive place to work and live."
The team at USA Technologies has been recognized with several honors
recently, including: Frost
& Sullivan's 2016 North America Customer Value Leadership Award for
Integrated Financial Services and Retail, the IoT
Evolution Business Impact Award, Automatic
Merchandiser Pros to Know Award and the 2016
Women of IoT in Marketing Award.
Useful Links:
SmartCEO Magazine: http://www.smartceo.com/
USA
Technologies: https://usatech.com/
Twitter:
https://twitter.com/usa_tech
YouTube:
https://www.youtube.com/user/USATechnologies
About the Future 50 Awards:
The Future 50 Awards program is the largest and most highly anticipated
SmartCEO awards program of the year. This program recognizes 50 of the
region's fastest growing mid-sized companies and 10 small Emerging
Growth companies. These companies represent the future of the region's
economy and embody the entrepreneurial spirit critical for leadership
and success. The winners, chosen based on a three-year average of
employee and revenue growth, are listed alphabetically, not ranked. The
winners are profiled in SmartCEO magazine and celebrated at a
black-tie-optional awards ceremony in January.
About SmartCEO:
SmartCEO's mission is to educate and inspire the business community
through its award-winning magazine, connections at C-level events and
access to valuable online resources. SmartCEO's integrated media
platforms reach decision makers in the Baltimore, Boston, Charlotte,
Long Island, New Jersey, New York, Philadelphia and Washington, DC,
metropolitan areas.
About USA Technologies:
USA Technologies, Inc. is a premier payment technology service provider
of integrated cashless and mobile transactions in the self-service
retail market. The company also provides a broad line of cashless
acceptance technologies including its NFC-ready ePort® G-series, ePort
Mobile™ for customers on the go, ePort® Interactive, and QuickConnect,
an API Web service for developers. USA Technologies has 78 United States
and foreign patents in force; and has agreements with Verizon, Visa,
Chase Paymentech and customers such as Compass, AMI Entertainment and
others. For more information, please visit the website at www.usatech.com.
- G-USAT -
View source version on businesswire.com: http://www.businesswire.com/news/home/20170117006627/en/
For USA Technologies:
ANW Networks
Melissa Hourigan, +1
720-988-3856
melissa@anwnetworks.com
Source: USA Technologies, Inc.
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