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| Inc. Magazine Reveals its 25th Annual List of America′s 500 Fastest–Growing Private Companies |
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On Demand Spend Management Provider, Ketera, Ranks No. 130 on the 2006 Inc. 500 With Three–Year Sales Growth of 768%
New York and Santa Clara, Calif., August 24, 2006 – Inc. magazine has announced its 25th annual Inc. 500 ranking of the fastest–growing private companies in the country. Ketera, the leading provider of On Demand Spend Management solutions, ranked No. 130 on the list, with three–year growth of 768 percent.
"We are honored to be included among this elite group of innovative and dynamic companies," said Burton M. Goldfield, CEO, Ketera. "Since Ketera′s inception in 2000, we′ve grown our business at a rapid pace by innovating new ways to provide on demand spend management solutions that both solve difficult business problems, and create tremendous value for customers of all sizes. As we look forward, Ketera will remain maniacally focused on delivering business results to our customers."
The 2006 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. The two largest companies on this year′s Inc. 500 are the biggest ever to make the list – No. 170 Western Refining ($3.4 billion in revenue) and No. 376 Newegg.com ($1.26 billion) – and the third and fourth companies in Inc. 500 history to crack the billion–dollar mark. In all, 14 companies topped $200 million in annual revenue, compared with 11 last year.
Most important, the 2006 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.
This year′s list is the first to include businesses that started up immediately before and after September 11, 2001 – including the No. 1 company and 20 companies in the top 50 – as well as many companies that had to raise capital after the dot–com bubble burst. In total, 104 companies listed on this year′s Inc. 500 were started after 2000.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast–growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can′t live without. The Inc. 500 list is Inc. magazine′s tribute to American business ingenuity and ambition."
Methodology
The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.–based, privately held independent – not subsidiaries or divisions of other companies – as of December 31, 2005, and have, and have at least $600,000 in net sales in the base year.
About Inc.
Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today′s innovative company builders. It provides hands–on tools and market–tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting–edge coverage that reflects our reader′s energy, brashness, and imagination.
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com.
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