Burlington, MA – September 1, 2011 – Emptoris, Inc. (“Emptoris”), a leading provider of strategic supply and contract management solutions, today announced its inclusion on Inc. Magazine’s prestigious Inc. 5000 list of the fastest growing private companies based on the company’s impressive 51 percent three-year revenue growth.
“We are honored to be recognized as one of the fastest-growing companies with a strong three-year growth rate during a struggling economy,” said Patrick D. Quirk, president and CEO, Emptoris. “This tribute is a testament to our team’s ability to deliver innovative strategic supply management solutions that result in substantial ROI to our Global 2000 customers.”
Emptoris’ strong growth trajectory can be attributed to the high demand of its award-winning and industry-recognized suite of solutions which include sourcing, contract management, spend analysis, supplier lifecycle management, services procurement and telecom expense management.
The Inc. 5000 is ranked according to percentage revenue growth from 2007 through 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, a company must have been U.S.-based, privately held, for profit and independent. Revenue in 2007 must have been at least $100,000 with revenue of at least $2 million in 2010.
In a stagnant economic environment, median growth rate of 2011 Inc. 5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“Now, more than ever, we depend on Inc. 5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
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.
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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
Emptoris, Inc. is a world leader in strategic supply and contract management solutions that enable companies to maximize financial performance and optimize commercial risk. The company’s suite of award-winning and industry-recognized sourcing, contract management, spend analysis, supplier lifecycle management, services procurement and telecom expense management solutions are successfully used by Global 2000 companies. Emptoris is proud to partner with industry leaders such as American Express, Boeing, GlaxoSmithKline, Kraft, Motorola, Syngenta and Vodafone. For more information, visit www.emptoris.com.
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