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Moneybookers Recognized by Deloitte Buyout Track 100


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Leading UK-based international online payment system and electronic money
issuer, Moneybookers, was recently named the fastest growing private
equity-backed company by the Deloitte Buyout Track 100, which ranks the
100 fastest-growing private equity-backed companies in Britain.

According to the Deloitte Buyout Track 100, Moneybookers’ profits increased by
177 per cent in a year to £13.9 million in 2008. Deloitte noted that although
the industry was struggling as a whole, Moneybookers continued to outperform the
market, even managing to sign up 13,000 new customers every day.

And according to the Deloitte Buyout Track 100, Moneybookers:

Signed up its 10 millionth customer to its e-Wallet, representing a 64 per cent
growth year-on-year;
Doubled the number of deposits in its customer accounts;
Increased its staff headcount from 150 to 400;
Experienced a 120 per cent surge in its eCommerce transaction volume;
Extended its online merchant base from 35,000 to 60,000 as well as signed deals
with large and reputable companies like Thomas Cook, eBay.com, Skype and
Playfish.

Said Moneybookers co-CEO, Martin Ott, ‘The [economic] crisis has made us
stronger. While other firms have cut back on their spending, we have increased
our investment in future growth. The high growth of our business has again been
recognised and we are confident that we will build on this momentum in 2010.

Continued co-CEO, Nikolai Riesenkampff, ‘Our merchants are benefitting from a
substantial increase in use of the product, with deposits doubling over the past
year and impressive increases in customer conversion rates. Our payment service
for business customers comes with industry-leading security and fraud prevention
measures. With Moneybookers not only consumers, but also merchants can feel
secure due to our charge-back protection.’

This is not the first time Moneybookers has been recognized for excellence. It
was also recently voted the 6th fastest-growing and most profitable IT company
in the Tech Track 100, and at last year’s Media Momentum Awards, Moneybookers
was awarded both the Best Execution and Judges’ awards.

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