MPAY GATEWAY

December 20, 2009 at 6:23PM

MPAY GATEWAY

Business: Developed a Web-based payments processing system for doctors and clinics that helps ensure they can collect co-pays and deductibles from patients.

Founded: 2005

Headquarters: Minneapolis

Employees: 26

Executives: Brian Beutner, CEO; Mark Tierney, founder and executive chairman; John Wallace, senior vice president; Craig Servin, software development; Timothy Hruska, operations and product development; Jim Getchell, finance

2009 revenue: $300,000 projected

Strategy: Raise growth capital to expand sales and marketing, continue to develop technology and provide operating capital.

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