Los Angeles, CA, Sept. 8, 2011 (GLOBE NEWSWIRE) -- Network Automation, the premier provider of IT and business process automation software AutoMateTM 8, announced today that it has been named to the Inc. 500/5000 list of the fastest-growing, privately held companies in America. Based on solid revenue growth over the past three years, Network Automation ranked #3641 overall on the Inc. 500/5000 list and #250 in the software industry. Network Automation joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 500/5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
"We are proud to be ranked on the Inc. 500/5000 list alongside leading private companies from various industries across the U.S.," said Gary Bishop, CEO Network Automation. "Following our eight consecutive record quarters and the recent release of AutoMate 8, this recognition further demonstrates our commitment to continuous innovation and improvement. We seek to provide our clients with the best IT and process automation software in the industry, helping to increase operational efficiency while reducing costs."
"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 Jane Berentson, Editor, Inc. magazine.
Complete results of the Inc. 500/5000, 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.
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Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Network Automation
Network Automation, Inc. is the mid-market leader in automation software that streamlines and integrates business processes without expensive programming. Founded in 2004 and based in Los Angeles, the company provides business process automation solutions to more than 11,000 small, mid-market, and Global Fortune 1,000 clients across 60 countries. The firm's AutoMate and AutoMate BPA Server platform span automation development, deployment, and management with a drag-and-drop environment that substantially reduces the total cost of the automation lifecycle. Common uses include job scheduling, automated FTP, batch processing, automated backups, scripting, automated testing, event log monitoring, automated reporting, and more. Network Automation's customers include NASA, IBM, Kaiser Permanente, Verizon, FedEx, and many regional, state, and federal government offices. For more information, visit www.networkautomation.com.
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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About the Inc. 500/5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars--the privately held small businesses that drive our economy. The Inc. 500/5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500/5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22-24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500/5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.