TSYS Included in BUSINESS 2.0 Magazine's Second Annual "B2 100" Ranking of Fastest-Growing Technology Companies
Columbus, Ga., September 10, 2003 - TSYS announced its inclusion today in Business 2.0's second annual B2 100, the magazine's ranking of the fastest-growing technology companies. TSYS ranked 60 on the list. The B2 100 is featured in the October 2003 issue of the magazine, on newsstands September 22.
To make the B2 100, companies must meet rigorous financial requirements. The list of 100 was winnowed down from an original group of 2,000 publicly traded tech firms. Criteria for making the final list included at least three years of trading on a major U.S. stock exchange, at least $50 million in annual revenue, and positive cash flow over the most recently reported 12 months. Business 2.0 editors then ranked the companies with the help of Zacks Investment Research of Chicago, using a combination of four financial criteria: growth in revenue, profit, operating cash flow during the past three years, and the 12-month stock return. Cash flow growth counted for 40 percent of a company's ranking; each of the other criteria counted for 20 percent.
In announcing this year's list, Business 2.0 editor Josh Quittner observed that "companies on the 2003 B2 100 have shown remarkable results in a most challenging business environment. But what the list shows is who to watch, who to watch out for, and what we can learn from the leaders. Technology is alive and well, as proven by the performance of these companies."
"Being named to Business 2.0's fastest growing technology companies list is an affirmation of the innovation we offer the payments industry; the value we place on integrity; the promise we make to our clients, team members and stakeholders; and our commitment to exceptional service. Receiving this award as we celebrate our twentieth anniversary honors our team members and the bright future we have in store," said Richard W. Ussery, TSYS Chairman of the Board and CEO.
About TSYS
TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payments as the integral link between buyers and sellers in this rapidly evolving universe. With more than 264 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart and retail cards anytime, anywhere through any medium or portal. TSYS offers a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services to designing, administering and fulfilling loyalty programs to credit applications, bankruptcy management and collection services. Based in Columbus, Ga., TSYS serves companies on 3 continents representing 16 currencies and seven languages. TSYS maintains operations in Canada, Mexico, Japan, and the United Kingdom and is an 81-percent owned subsidiary of Synovus (NYSE: "SNV") (www.synovus.com), number nine on FORTUNE magazine's list of "The 100 Best Companies To Work For" in 2003. For more information, contact news@tsys.com.
About BUSINESS 2.0
Business 2.0, a monthly magazine about business, technology, and innovation, is published out of The FORTUNE Group at Time Inc., an AOL Time Warner company. For more information, visit its website at www.business2.com.
Contacts:
Danita Gibson-Lloyd
TSYS Media Relations
+1.706.649.5578
dglloyd@tsys.com
Leo Berard
TSYS Investor Relations
+1.706.644.6081
leoberard@synovus.com
Karen Palmer
Business 2.0
+1.415.293.4837
Karen_Palmer@business2.com