Tier Technologies Inc.

10780 Parkridge Blvd.

Year founded: 1991

Industry: information technology

Post 200 Category: Top 125 Companies

Revenue: $127.94 Million

Net Income/Loss: $314.00 Thousand

Earnings per share: $0.02

Dividend: n/a

Stockholder equity: $145.95 Million

Auditor: McGladrey & Pullen LLP

Stock: TIER

Assets: $177.47 Million

Market capitalization: $146.80 Million

52-week high: 12.05 6/7/2004

52-week low: 6.45 2/28/2005

Chairman and CEO: James R. Weaver

CFO and SVP: Jeffrey A. McCandless

Employees: 860

Local employees: 142

Description: Tier Technologies handles financial-transaction-processing services and does technical consulting work for government sector clients. The Internal Revenue Service is a major client; Tier handles the agency's processing of taxes paid online.

Developments: Last year was a big one for Tier. In June, the company centralized its offices in Reston, moving its headquarters from Walnut Creek, Calif., and shutting down a Boston office. The move came after a year in which the company killed off unprofitable parts of its business portfolio, such as its health care and insurance operations. Major deals for Tier included a $5.8 million contract from the Tennessee Human Services Department to operate its child-support customer service unit in July. Tier also won a $2.9 million contract from the Georgia Department of Labor for voice-enabled unemployment claims processing in July. In September, the company won its biggest contract since its founding in 1991 — for the company to handle child-support payment processing services for the state of Michigan. Tier estimates the deal as worth $85 million over the next five years. Tier handles $3.8 billion in child-support payments per year with operations in nine states.