SOURCE: Paisley

August 31, 2007 10:38 ET

Inc. Names Paisley One of the Nation's Fastest Growing Private Companies

Paisley, the Leading Governance, Risk and Compliance Provider, Is Once Again Recognized by Inc.

NEW YORK, NY--(Marketwire - August 31, 2007) - Inc. has ranked Paisley on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. The Inc. 5,000 is an extension of Inc. magazine's annual Inc. 500.

"Paisley is extremely pleased to be recognized as one of the nation's fastest growing private companies," said Tim Welu, founder and CEO of Paisley. "Our exceptional growth again this year is due to rapid market acceptance of our governance, risk and compliance (GRC) software solutions."

With three-year sales growth of 222 percent, Paisley was recognized by Inc. for the fourth time in the past five years. The company was the only governance, risk and compliance platform vendor on this year's list.

"More organizations have embraced integrated GRC as part of their core business discipline," added Welu. "Paisley is proud to lead the software industry in providing a comprehensive solution for audit, risk management, IT governance, financial controls management and compliance."

The 2007 Inc. 5,000, as revealed online at, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year's Inc. 5,000, can be found at The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region and year founded.


The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent -- not subsidiaries or divisions of other companies -- as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.

Companies can apply for next year's Inc. 500 and Inc. 5,000 by registering with IncBizNet, the new social network for private companies that will launch this fall on

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