DEERFIELD BEACH, Fla.
Aug. 14 /PRNewswire/ -- Inc. magazine today included Advanced Processing & Imaging (API) on its third 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. This is the second year in a row that API has received this distinction.
"API is pleased to be recognized by Inc. for the second year in a row as one of the fastest growing private companies in America," said Mel Rothberg, CEO at Advanced Processing & Imaging. "I want to thank our customers, partners and employees in helping us achieve this recognition. We remain committed to providing our customers with innovative and cutting-edge enterprise content management solutions with customer service practices that are unrivaled."
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. 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 Inc.com.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
API offers a portfolio of document management software solutions that are exceptionally simple to implement and intuitive to use. These solutions incorporate intelligent features to anticipate user needs, integrate with business applications and databases, and best of all, in many cases
deliver a return on investment in less than a year. The company has been in operation since 1996 serving the public and private sectors across a range of industries.
"API is pleased to join a very exclusive group of technology companies who have received this distinction in the past, including Microsoft, Intuit and Oracle," said Mr. Rothberg.
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th 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 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
About Advanced Processing & Imaging
Founded in 1996, Advanced Processing & Imaging, Inc. (API) provides innovative electronic document and content management solutions for public and private organizations across a range of industries. The API electronic document management portfolio includes records management, imaging, a parliamentary agenda system and report management systems. The company is a certified IBM Business Partner and Microsoft Gold Partner, and maintains relationships with other leading technology companies to provide customers with complete solutions.