NEW YORK, NY, Aug. 24, 2011 (GLOBE NEWSWIRE) -- Inc. magazine today ranked BidSync #795 on its fifth annual Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America’s independent entrepreneurs. BidSync (www.bidsync.com) 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, it is a testament to the success of our company and the fortitude of our product that allows us to grow sales and increase market share. This is the second year in a row that BidSync has placed in the Inc 500|5000 list and we are honored with recognition. Awards such as these help us continue to work hard in creating a strong future for our company." says Sabrina Stover, CEO of BidSync about the 2011 Inc 500|5000 announcement.
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.
About BidSync
BidSync connects a vast network of vendors and suppliers to government agencies and organizations in need of products and services with BidSync eProcure™, BidSync Builder™ and BidSync Links PLUS™ bid notification services.
As a leader in the e-procurement industry, BidSync provides solutions to more than 300 active agencies and more than 600,000 vendors nationwide. Its SaaS solution, launched more than 12 years ago, was designed and built to meet the increasing procurement demands of public agencies. The BidSync suite of solutions have been built around ensuring increased efficiency and spend management for the agencies it serves by automating, consolidating, and centralizing procurement information and processes.
For more information about BidSync, visit www.bidsync.com or call (801)765-9245.
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