Roamware Listed for the Second Time on Inc. 5000

SAN JOSE, Calif., Aug. 27 /PRNewswire/ -- Inc. magazine ranked Roamware, Inc. a top company in the San Jose metro area and No. 2745 on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America's independent-minded entrepreneurs.

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"Roamware is honored to be included on the prestigious 2010 Inc. 5000 for the second year," said Bobby Srinivasan, CEO of Roamware. "The company's dedication to providing users around the world with an unparalleled mobile roaming services experience is demonstrated by Roamware's 65 percent market share with customer installations in over 150 countries in the roaming solutions space and steady growth despite the economic downturn."

Founded in 2002, Roamware is headquartered in San Jose, CA and is led by CEO Bobby Srinivasan. The company has grown consistently each year and has operations across five continents, servicing 3 billion users and providing mobile operators with a range of new revenue streams. Roamware's products are deployed in more than 464 mobile operator networks across 154 countries. Additionally, Roamware's mobile finance solutions have been successfully deployed by major banks and operators around the world, and serve a wide range of needs across the domains of mobile commerce, banking, remittances and payments.

"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."

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, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

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 on www.inc.com/5000.  

Methodology

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.

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.

About Roamware, Inc.

Roamware, Inc. is the leading provider of roaming and mobile financial services solutions. The company is the global leader in mobile roaming solutions with an estimated 60 per cent market share of the voice and data roaming segments for GSM, 3G and CDMA technology platforms.  Roamware m-commerce and mobile banking solutions have been successfully deployed by major banks and global operators around the world, including: Vodafone, Permanent TSB and Bank of Ireland.  Its solutions range from credit transfers, international remittance, person to person transactions to top-up and bill payment.  Roamware solutions are deployed across 154 countries with over 464 global mobile operator networks as customers.  The company is headquartered in San Jose with operations in Brussels, Dubai, Bangalore, Mumbai, New Delhi, Singapore, Dublin, Johannesburg, Amman and Hong Kong. http://www.roamware.com

SOURCE Roamware, Inc.