SOURCE: Interbit Data

Interbit Data

August 20, 2009 11:02 ET

Interbit Data Named to the Inc. 5000 List of America's Fastest Growing Private Companies

Healthcare IT Solutions Provider Achieved Three-Year Sales Growth of Over 96% to Land First-Time Listing on the 2009 Inc. 5000

NATICK, MA--(Marketwire - August 20, 2009) - Interbit Data, a leading provider of software and services for improving healthcare efficiency, today announced it has been named to the Inc. Magazine list of the 5,000 fastest growing private companies in the United States. The company ranked No. 2909 as a result of achieving over 96% growth from 2005 to 2008, a growth rate that is 70% more than other companies in the same industry. This is Interbit Data's first year listed on the Inc. 5000.

"For a smaller yet thriving company like ours, it is an honor to be named to this exclusive list and recognized for our vision and dedication to delivering software solutions that help healthcare providers improve their level of patient care," said Arthur Young, president of Interbit Data. "Achieving growth in this economic climate is further testament of our ability to respond to the IT challenges of healthcare organizations by streamlining operations, speeding and securing data exchange, and ensuring secure access to critical patient records during information system downtimes."

Since 1997, Interbit Data has sold its healthcare IT solutions to over 600 healthcare providers and organizations in the U.S., Canada and U.K. The company offers three types of solutions that contribute to increased productivity, reduced costs, and, ultimately, better and more consistent patient care:

--  Information distribution - automates the secure transfer of
    information over the Internet in multiple formats (print, fax, email or
    file), easily integrating it into electronic medical records (EMRs) using
    the industry standard HL7 format.
--  Business continuance - ensures up-to-date patient data is readily
    available in the event of a network or system outage.
--  Scheduling and workforce automation - automates manual scheduling,
    enabling organizations to easily implement a complex schedule and
    efficiently manage staff.
    

The 2009 Inc. 5000 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.

This year's list also offers a preview of which industries are poised for growth in coming years. Healthcare is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).

Inc. 5000 Methodology

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. Visit us online at Inc.com.

About Interbit Data

Founded in 1997, Interbit Data helps healthcare organizations deliver better, more consistent patient care with secure, reliable and cost-effective software solutions that improve operational efficiency. The company's information distribution products deliver information securely over the Internet in multiple formats, such as fax, print, email, encrypted file or HL7 message format, and integrate it easily into physicians' practice EMRs. Interbit Data's business continuance products give healthcare providers continuous access to patient data in the event of a network or system outage. Interbit Data products are used by more than 600 MEDITECH® customers worldwide. For more information about Interbit Data and its NetSolutions products, visit the company Website at www.interbitdata.com.

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