The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.
New York and Norwell, Mass. (PRWEB) September 5, 2007
Satuit Technologies, Inc., a global leader in sales force automation (SFA) and client relationship management (CRM) solutions for the professional investment market, Inc. today announced that has been named to the inaugural Inc. 5000 list, which ranks the fastest-growing private companies in the country. The Inc. 5,000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
Out of the 5,000 companies on the list, Satuit is one of only:
· 276 software companies,
· 198 companies from Massachusetts, and
· 18 software companies from Massachusetts.
Additionally, Satuit was one of the Top 15 fastest growing software companies in all of New England.
"Our focus and commitment to the professional investment market has helped to distinguish our company, as well as fuel our growth," said Karen Maguire, CEO of Satuit Technologies, Inc. "We are excited to make the first-ever Inc. 5000 list, and we want to thank our asset management clients that have made our growth during the past few years possible. We anticipate that next year we will be even higher as we continue to experience a tremendous demand for SatuitCRM. The recognition by Inc. magazine is a validation of our efforts, as well as a compliment to the hard working team at Satuit."
Satuit's flagship product, SatuitCRM, offers professional investment firms and practitioners full CRM functionality, complete application configuration, pre-build integration APIs, and application extension functionality delivering a custom solution without the custom application price tag and timeline.
"The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy - the entrepreneurial part," said Inc. 5,000 Project Manager Jim Melloan. "The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media."
The 2007 Inc. 5,000, as revealed online at http://www.inc.com , reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year's Inc. 5,000, can be found at http://www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
Hottest Industries for Fastest-Growing Businesses
The largest business category is Construction, with 561 of the fastest-growing companies in this category, followed by Manufacturing with 515 companies, IT services in third with 466 companies, Business Services with 377 companies and Advertising & Marketing with 349 companies round out the top five industries ranked on the 2007 Inc. 5,000.
Industries reporting the highest total revenue in 2006 are Construction ($27.1billion), Manufacturing ($18.6 billion), Health ($13.1 billion), Computers & Electronics ($12.7 billion), and Financial Services ($11.8 billion).
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
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About Satuit Technologies
Satuit Technologies, Inc. is a global leader in sales force automation (SFA) and client relationship management (CRM) solutions for the professional investment market. The company's SatuitCRM system was designed to enable asset management and hedge fund companies to increase sales, better serve their clients, master information-intensive business relationships, and reduce costs. With offices in the United Sates and the United Kingdom, Satuit serves clients in more than a dozen countries as well as every major financial center. For additional information on Satuit Technologies, visit http://www.satuit.com or call 781.871.7788.