|Higher One Holdings, Inc. Ranked Number 140 On List of Fastest Growing Companies in North America on Deloitte’s 2010 Technology Fast 500™|
Company Attributes its 742% Revenue Growth to Continued Commitment to High Touch Service
New Haven, CT October 20, 2010 — Higher One Holdings, Inc. today announced that it ranked number 140 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. Higher One grew 742 percent during this period. Higher One’s chief executive officer, Dean Hatton credits the company’s High Touch Service® and commitment to the colleges and universities they serve with the 742 percent revenue growth.
"We value the constructive exchange we have with our clients and encourage their feedback so that we can tailor our services and expand our offerings to better serve their needs,” said Hatton. “At Higher One, we see ourselves as partners with our clients, not just providers, and are continually working with them to devise new and innovative ways to bring efficiency to their business offices.”
“Higher One and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. "Deloitte commends Higher One for this impressive accomplishment.”
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent. Higher One was previously ranked 148 as a Technology Fast 500™ award winner for 2009.
“Higher One has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Higher One’s technology helps higher education institutions and students manage money through a card-based solution. Through a wide array of services, Higher One helps streamline financial disbursement and payment processes electronically, while also offering a full set of financial literacy resources to help the students they serve.
For additional detail on the Technology Fast 500™ including selection and
qualifying criteria, visit www.fast500.com
Founded in 2000, Higher One (NYSE: ONE) is a leading company focused on helping college business offices manage operations and provide enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases, and learn the basics of financial management.
Higher One provides its services to more than 4.8 million students at distinguished public and private higher education institutions nationwide. More information about Higher One can be found at www.HigherOne.com.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Before Higher One, our students only had one way to get their refunds, and that was by paper check. With Higher One processing refunds for us, it has allowed us to provide more options for our students without having to enter and store student banking information. We also no longer have to handle sorting, stuffing and mailing thousands of checks.University of West Florida
Higher One’s experience with college students and their focus on serving colleges distinguishes Higher One from all other financial service providers. We really liked the fact that the community college customer base is expanding for Higher One.St. Louis Community College