ATLANTA, June 23, 2022 (GLOBE NEWSWIRE) — Paid (PAYA), a leading provider of integrated payment and commerce solutions, today announced that its CIO Balaji Devarasetty has been recognized by Constellation Research for the 2023 Business Transformation 150 (BT150), an elite list of leaders leading business transformation efforts around the world.
Balaji Devarasetty is a proven technology leader with over 20 years of experience bringing software products to market in the banking, crypto and payments industries. As Paya’s CIO, he oversees the company’s product engineering, product management, infrastructure and cybersecurity. Devarasetty was previously CTO of Vantiv’s integrated payments business unit and a founding member of crypto startup Bakkt, which he helped take public in 2021.
In his role as CIO, Devarasetty was part of the leadership team that grew Paya’s payment volume by 23.5% year-on-year for the first quarter of 2022, and Paya’s revenue by 19.3% in the first quarter of 2022. during the same period.
“I am honored to be named to Constellation Research BT150, joining a group of incredible leaders who are changing the way businesses operate,” said Devarasetty. “This recognition is a testament to the work we do at Paya, ensuring that hundreds of thousands of businesses have innovative payment solutions that allow them to adapt and navigate the post-pandemic digital world.
“The business results we have achieved and the customer and partner experiences we deliver are a direct reflection of our innovative technology solutions,” said Michele Shepard, Chief Commercial Officer of Paya. “With Balaji’s leadership, Paya is well positioned to accelerate its growth and the value we deliver.”
Nominations from peers, industry influencers, technology vendors and analysts fueled the six-month selection process. Devarasetty was selected for demonstrating a deep understanding of how the business environment is transforming in response to digital and exponential technologies, and actively preparing Paya to excel during and after the transformation.
“This year’s extraordinary group of business and technology leaders successfully guided their organizations from the pandemic into the great refactoring,” noted R “Ray” Wang, Founder and CEO of Constellation Research. “In this environment, where an organization’s mission and purpose, work-life balance, business models and monetization have changed, only a special person can strike the right balance between transformation and optimization. This year’s BT150s demonstrated why they are invaluable not only to their organizations, but to the entire industry ecosystem. »
Paya is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, receive money faster and increase operational efficiency. The company processes over $40 billion in annual credit/debit card, ACH, and check payment volume, making it one of the leading payment processing providers in the United States. Paya serves more than 100,000 customers through more than 2,000 key channel partners focused on targeted, high-growth vertical markets such as healthcare, education, nonprofits, government, utilities, manufacturing and other B2B end markets. The company has built its foundation on offering robust integrations into back-end CRM and accounting systems to improve customer experience and workflow. Paya is headquartered in Atlanta, GA, with offices in Reston, VA, Fort Walton Beach, FL, Mt. Vernon, OH and Dallas, TX. For more information about Paya, visit paya.com. Follow us on Twitter (PayaHQ) and LinkedIn (Paya).