BETHLEHEM, Pa., Aug. 30 /PRNewswire/ -- Inc. magazine today ranked Adaptik Corporation number 1984 on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy—America's independent-minded entrepreneurs.
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The 2010 Inc. 500/5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. Adaptik qualified, having grown 134% in the last three years, with a revenue totaling $10.8 million. This landed Adaptik at number 23 on the Inc. 500/5000's list of top insurance industry companies.
"We are excited to be included in the 2010 Inc. 500/5000," said John Pettit, president of Adaptik. "To be recognized on a national level is a testament to our hard work and vision to provide P&C insurance carriers with a policy administration software solution that meets their growing demand for flexibility and configurability."
The first truly adaptive policy administration solution on the market, PolicyWriter, is designed to dramatically increase speed to market for new insurance products, while reducing costs and driving ongoing flexibility into insurance carriers' operations.
"If you want to know which companies are going to change the world, look at the Inc. 500/5000," said Inc. editor Jane Berentson. "These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500/5000 list is Inc. magazine's tribute to American business ingenuity and ambition."
Adaptik has been named to the Deloitte Technology Fast 50 and Deloitte Greater Philadelphia Fast 50 for two years running. Adaptik has also been listed as a Hot Tech Vendor to Watch by Forrester Research.
About Adaptik Corporation
Adaptik, the creator of PolicyWriter, develops highly adaptive policy administration software solutions that are designed to improve speed-to-market for new products and scale to support large numbers of users and high transaction volumes. They provide P&C insurers with advanced business functionality while substantially lowering the risks and costs associated with policy administration system replacement and maintenance. For additional information on how PolicyWriter can help transform your business visit www.adaptik.com.
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. Complete information on 2010's Inc. 500/5000, including company profiles and a list of the fastest-growing companies can be found at www.inc.com/inc5000.
SOURCE Adaptik Corporation
For further information: Laura Ford, +1-610-814-4845, ext. 109, lford@adaptik.com
