23.10.2009

The online marketplace continues to show strong growth as online payments firm announces turnover of €6.5 million and an additional 15 new jobs.

Realex Payments today announced revenue growth of 12% in the financial year to the end of April 2009. The year end statements show the company had turnover of €6.5 million in the financial year to the end of April 2009, up from €5.7 million the previous year.

Pre-tax profits increased by 6% reaching €721k leaving Realex Payments with accumulated profits of more than €2.5 million at the end of April last.

The company now employs 70 people in Ireland, Great Britain and France. In addition the company currently has 15 vacancies advertised on its website, as it continues to expand its operations in Ireland and abroad.

Key highlights:

- Revenue growth increased 12% to €6.47 million

- Pre-tax profits increased by 6% reaching €721,097

- The company is signing approximately 110 new clients per month;

- Realex Payments has processed payments in excess of €6Billion this year, €726 million was processed in September alone;

- The Average Transaction value is €187;

- Expansion plans continue – the Company currently has 15 vacancies advertised on its website;

Announcing the results Realex Payments founder and CEO Colm Lyon said “We are delighted to announce such strong year end results. It’s a real testament to the hard work of the team and it has established us as a serious player in the international payment processing market. Winning clients like Virgin Atlantic is a significant business achievement. We have continued to see strong growth in terms of customer acquisition, which is an excellent result in the current climate.”

Lyon is still the majority shareholder in the firm, owning 76.6 per cent of its shares at the end of April last. “We have a new three year growth strategy in place that calls for ambitious plans to grow and scale our business, both in Ireland and particularly abroad and as a result we have an urgent need to recruit an additional 15 new roles in the company” Lyon continued.

Contact Information:
For further information or clarification please contact:
Tracy Glynn, Head of Business Development - Global SME, Realex Payments.
Landline: 01- 2808 559

About Realex Payments:
Realex Payments provides a range of payment processing services for businesses selling online. The company has experienced year on year growth since its foundation in 2000. Realex Payments has over 3500 clients, including Virgin Atlantic, Vodafone, Aer Lingus, Quinn Insurance, Motortax.ie .

The Company employs 70 people and its head office is in Monkstown, Co Dublin. In 2008 the Company opened offices in London and Paris. Further overseas offices are also planned as the Company expands both its product set and the regions into which it sells.

Colm Lyon is Founder and CEO of Realex Payments. He is highly regarded as one of the foremost innovation leaders in the online payment processing business. His career has spanned almost twenty five years in payment related businesses, starting with fourteen years in the financial service sector.

He founded Realex Payments in 2000 and since then the business has grown rapidly to a position of inspired leadership in the online payment processing business. The payment exchange concept, which he conceived has proven to be the market winning approach in that it offers a strategic solution which addresses the core issues. The company has a number of vacancies advertised, refreshing news in a climate where job losses are dominating the headlines.

In 2005 Colm was acclaimed and rewarded for his leadership when he was a finalist of the Ernst and Young Entrepreneur of the Year Award. As an industry figure he was Director and Chairman of the Irish Internet Association for over four years - during which time the association significantly enhanced its position. In 2009 he founded the Internet Growth Alliance in early 2009 to help Irish Internet businesses. He is a graduate of University College Dublin with a Bachelor of Commerce and a Master of Management Science Degree.