We are honored to be named to the Inc. list of fastest growing companies
Orem, UT (PRWEB) September 6, 2007
Doba (http://www.doba.com), a leader in online product sourcing solutions for small to medium size online retailers, has been recognized as the 23rd fastest-growing private company in the United States. The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 28 - October 2), also ranks Doba 2nd in the category of fastest growing software companies, and 5th in growth among companies intending to go public.
The Inc. 500 is an annual list of the nation's fastest-growing private companies based on percent revenue growth. Since its founding in 2003, Doba has grown from a small product sourcing website to a multi-million dollar software company with sales growth of 3,202% over the past three years.
"We are honored to be named to the Inc. list of fastest growing companies," said Jeremy Hanks, Doba's co-founder and CEO. "We've experienced significant growth over the past three years and are on track to continue that trend moving forward. I am pleased to attribute our success to satisfied customers, dedicated employees, and innovative technology that is changing the way web-based retailers find and sell products online."
Complete results of the Inc. 500 can be found at http://www.inc.com/inc5000, where you can scan profiles of honorees, view lists of the fastest-growing companies by industry and region, and sort the company-related according to a variety of parameters.
The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To qualify, companies must have been founded and generating revenue by the first week of 2003, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, and independent--not subsidiaries or divisions of other companies--as of December 31, 2006. Revenue in 2003 must have been at least $200,000, and revenue in 2006 must have been at least $2 million.
Founded in the fall of 2002, Doba is a software company that provides a web-based Product Sourcing Platform that automates the ecommerce supply chain through virtual inventory and fulfillment systems. Doba's web-based platform connects retail merchants to the virtual inventory of over one million products from hundreds of wholesale suppliers. The platform also acts as a fulfillment system allowing retailers to ship merchandise directly from the supplier to the end consumer without ever touching the product themselves. This unique fulfillment platform minimizes time and overhead for retailers and allows suppliers to manage, reconcile, and fulfill orders through a single connection point. Doba's platform automates the ecommerce supply chain and finally makes product sourcing and fulfillment a simple process for SMB suppliers and retailers. Currently, over 25,000 merchant retailers and 200 wholesale suppliers use the simplified product sourcing solutions of Doba to transact millions of dollars of B2B ecommerce annually. For more information, visit http://www.doba.com.
About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (http://www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
If you would like more information about Doba's inclusion on the Inc. 500 list, or to schedule an interview with Jeremy Hanks, please contact: