Ranked No. 3,531 on the 2010 Inc. 5000 list
Ranked No. 224 in the financial services industry
JERSEY CITY, N.J., September 20, 2010 – Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, announced today that it has been named to the Inc. 5000 fastest-growing privately held companies in the U.S. Based on solid revenue growth over the past three years, Scivantage ranked No. 3,531 overall on the Inc. 5000 list and No. 224 among the top financial services firms. This is Scivantage’s fourth consecutive year on the Inc. 500/5000 list.
The list represents a comprehensive look at the most important segment of the economy — America’s independent-minded entrepreneurs. “The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
Scivantage President and CEO Adnane Charchour said: “We are honored to be ranked for the fourth consecutive year on the Inc. 5000 list alongside leading private companies from across the U.S. As we enter our 10th year of technology innovation and growth, this recognition is an excellent acknowledgement of our work and dedication in the financial services technology industry. Over the past decade, our mission has been to develop innovative solutions that help financial institutions and financial professionals to achieve more efficient ways to transact business, while strengthening customer relationships and improving overall productivity. This strategy is what has helped us remain on the Inc. 5000 list.”
Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion in 2009, up more than 50 percent from the previous year. The top five industries by total revenue are Business Products & Services ($84.7 billion), Health ($48.3 billion), Consumer Products & Services ($26.4 billion), Retail ($22.3 billion), and Government Services ($15.1 billion). Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc.com/inc5000/2010/index.html.
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.
Leading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage’s proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visitwww.scivantage.com or contact us at +1.866.724.8268.
Enabling Financial Transactions. > Automate > Connect > Transact
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 30-October 2, 2010, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2010 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.