August 31, 2010 06:00 ET

S3 Moves Up on Inc. 5000 List of Fastest Growing Private Companies

Will Launch Two Innovative Products by the End of the Year

AUSTIN, TX--(Marketwire - August 31, 2010) - In an uncertain and often wavering economy, Austin software company S3 continues to move up the Inc. 5000 list of fastest-growing private companies in the U.S. S3, which has 40 employees, delivers customized software services to Wall Street and global enterprises in telecommunications and health care. The Inc. citation reports the company's growth at 45% over the past three years, a figure that places S3 #228 among all software firms. 

"Our software and our people do the difficult and complicated data work that is needed in the back office by every business," said S3 CEO Jack Holt. "I'm proud that S3's employees have created products and provide a level of customer service that has become critical to success for global brands. We do things like keeping thieves from defrauding Medicaid or protecting investors against unnecessary losses in the stock market."

S3 is expanding its product line in the last quarter of 2010 to launch Canary™, a new analytical service that accurately evaluates devices on enterprise-class networks to predict and avoid potential failures. Canary™ enables network operators to replace faulty hardware before it goes down and results in a loss of revenue or brand damage from a lack of service to customers.

"Our financial services developers are also finalizing work on a new web tool that simplifies and improves the electronic trading of stocks and options," said S3 CTO Mark Davies. "Innovation is how we've kept growing and we've got some really bright people designing interesting products that are certain to provide S3 a bright future."

S3's technology processes and reports on every equity and option trade on all U.S. financial markets and assesses trade execution performance on an estimated 16 billion financial transactions daily.

About S3 -- ( is an Austin, Texas based company focused on providing business crisis solutions for network outsourcers, financial services, and healthcare industries. S3's software is deployed as a managed solution to solve time-sensitive business crises.

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