SOURCE: BidSync

BidSync

August 21, 2012 11:23 ET

BidSync Named to the 2012 Inc. 500|5000

E-Procurement and Bid-Notification Leader Ranks as a Fastest-Growing Private Company for Third Year in a Row

NEW YORK, NY--(Marketwire - Aug 21, 2012) -  Inc. magazine today named BidSync as one of the nation's fastest-growing private companies on its annual Inc. 500|5000 list. This is the third consecutive year that BidSync has been named to the prestigious list.

"BidSync is honored to once again be ranked on the Inc. 5000 list," said Sabrina Stover, CEO of BidSync. "It is a reflection of our ability to work together as a team and our dedication to industry-leading quality and service to our customers that we have achieved this continued growth. We now serve more than 1,000 government agencies with e-procurement products and services, and tens of thousands of companies rely on BidSync for the largest government bid-notification system in the nation."

The companies on this year's Inc. 500|5000 list report having created more than 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.

"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs and drive the economy forward. Growth companies, not large corporations, are where the action is," said Inc. Editor Eric Schurenberg.

BidSync was ranked #2,723 on this year's list, and the company profile can be found at http://www.inc.com/inc5000/profile/bidsync. Complete listings 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.

Inc. 500|5000 Methodology

The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.

About BidSync

BidSync connects a vast network of vendors and suppliers to government agencies and organizations in need of products and services with BidSync eProcure™, BidSync Builder™, BidSync ProcurePointe™, BidSync Links™, and BidSync Links PLUS™. As a leader in the e-procurement industry, BidSync provides solutions to more than 1,000 active agencies and more than 700,000 vendors nationwide. The BidSync suite of solutions have been built around ensuring increased efficiency and spend management for the agencies it serves by automating, consolidating, and centralizing procurement information and processes. Learn more about BidSync at: http://www.bidsync.com or call 800.990.9339.

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