Two vertical markets were key factors in revenue growth foRevenue for the most recently ended year was $249.4, million an increase of 21 percent from $206 million the prior year. “Our B2B and not-for-profit verticals were the larger drivers of volume growth this [fourth] quarter, CFO Glenn Renzulli said during the company’s recent earnings webcast. For the fourth quarter, total revenue was $67 million, an increase of 24 over the prior year. The Integrated Solutions sector, which includes B2B and NFP, saw a 33-percent rise in revenue to $43.1 million. For the year Integrated solutions revenue grew 27 percent to $155.2 million and payment services revenue increased 13 percent to $94.2 million. Paya expects revenue ranging from $275 million to $283 million for the current year, representing growth of 10.3 percent to 13.5 percent. That excludes incremental results from the recently purchased VelocIT, which had about $3 million in annual revenue.
