SOURCE: OpenPages

August 23, 2006 11:54 ET

OpenPages Ranks 22nd on Annual Inc. 500 List With Three-Year Sales Growth of 2,033%

OpenPages Positioned as Fastest-Growing Private Software Company in 2006

WALTHAM, MA -- (MARKET WIRE) -- August 23, 2006 --Inc. magazine today announced its 25th annual Inc. 500 ranking of the fastest-growing private companies in the country. OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, ranks No. 22 on the list, with a three-year sales growth of 2,033%. The Inc. 500 list appeared online on August 23 and can also be found in the September print issue which is available on newsstands now and will be available online on September 19.

"OpenPages is extremely pleased to be recognized for the second year in a row by Inc. Magazine as the 22nd fastest-growing private company," said Michael J. Duffy, president and CEO of OpenPages. "Our exceptional growth again this year is quite an accomplishment for us. We attribute this continued momentum to our passion for success and the fast-growing Business Governance enterprise software market. As more organizations embrace Business Governance as part of their corporate culture, OpenPages is proud to be leading the movement towards the well-run, better governed business."

The 2006 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. The two largest companies on this year's Inc. 500 are the biggest ever to make the list -- No. 170 Western Refining ($3.4 billion in revenue) and No. 376 Newegg.com ($1.26 billion) -- and the third and fourth companies in Inc. 500 history to crack the billion-dollar mark. In all, 14 companies topped $200 million in annual revenue, compared with 11 last year.

Most important, the 2006 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.

This year's list is the first to include businesses that started up immediately before and after September 11, 2001 -- including the No. 1 company and 20 companies in the top 50 -- as well as many companies that had to raise capital after the dot-com bubble burst. In total, 104 companies listed on this year's Inc. 500 were started after 2000.

"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."

Inc. 500 Methodology

The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held independent -- not subsidiaries or divisions of other companies -- as of December 31, 2005, and have at least $600,000 in net sales in the base year.

About Inc. Magazine

Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.

About OpenPages

OpenPages is the leading provider of governance, risk and compliance management software solutions. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

Contact Information

  • Contacts:
    OpenPages
    Kara Armit
    OpenPages
    781.647.3800, ext. 267
    Email Contact

    North America
    Michael Parker
    Lois Paul & Partners
    781.782.5714
    Email Contact

    Europe
    Louise Matthews
    Harvard Public Relations
    +44 208 759 0005
    Email Contact