SecureNet is expanding its footprint to house its growing staff, attract top talent and continue its close collaboration with clients in providing the most innovative single source/multi-channel solutions in the payments industry.

Servicing more than 14,000 merchants and $12 billion in annual processing volume, the rapidly growing company plans to hire as many as 200 new employees within the next 12 months. The planned expansion will triple the size of SecureNet's workforce that will support the company's growing operations, technology focus and business development efforts over the next year. The expansion into Austin and prospectively Silicon Valley further supports SecureNet's commitment to being the preferred all-in-one payment management solution for merchants, resellers and financial institutions of all sizes.

"Austin and Silicon Valley are a perfect fit for SecureNet's future as they are home to top technology talent, are both renowned entrepreneurial centers situated near some existing clients as well as prospects; and move us closer toward being a dominant player in the payment technology market," said Brent Warrington, CEO of SecureNet.

"SecureNet's recent success in attracting top talent and accelerating its technology and market advancements is a reflection of Brent's outstanding leadership of the company," said Shoshana Vernick, principal at Sterling Partners, the Chicago-based private equity firm that recently led an additional $18 million growth equity investment in SecureNet. "We are pleased to have reaffirmed our commitment to SecureNet and believe their geographic expansion announced today is a significant step forward in tackling this large addressable market's need for simplification of electronic payments."