Firm ranked No. 339 in the software sector
JERSEY CITY, NJ — Aug 27, 2013 — Scivantage®, an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting and wealth management applications, announced today that it has been named on the 2013 Inc. 5000 list of fastest-growing privately held companies in the U.S., a listing in which the firm has consistently appeared since 2006. Based on solid revenue growth over the past three years, Scivantage ranks No. 4,908 overall on the Inc. 5000 list and No. 339 among the top software firms.
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
“As Scivantage continues to expand our product offerings and business, we are extremely honored to once again be recognized as one of the fastest growing private companies by Inc. magazine,” said Scivantage President and CEO Adnane Charchour. “This award is a direct result of the hard work and commitment exhibited by our colleagues, as well as the support of our clients and industry partners, all of whom represent the best-of-the best in the financial services sector. We remain committed in our mission to deliver innovative technology solutions that provide financial institutions with a competitive differentiator in the market.”
Scivantage’s repeat success in this ranking is a demonstration of its strong financial sector relationships, including working with 12 of the top 24 online brokerage firms, two of the top three independent brokerage firms, six of the top eight full service brokerage firms, three of the top seven U.S. banks, the number two asset management firm in the world, and three of the top five prime brokerages.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit 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 theInc. 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 October 10–12, 2013, at the Gaylord National Resort & Convention Center in Washington, DC. For more information about the 2013 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
Scivantage is an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications that automate and integrate key business practices for broker-dealers, mutual funds, custodians and prime brokers. From trade order processing and account management to comprehensive cost basis reporting and automated account opening, maintenance and funding, Scivantage’s back-office independent solutions enable financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.
Enabling Financial Transactions. Automate. Connect. Transact.