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NineSigma Named to Inc. 5000 List of Fastest-Growing Private Companies
Open Innovation Service Provider Ranked in the Top 20 Percent of the List With Three-Year Sales Growth of 455 Percent
| Source: NineSigma
CLEVELAND, OH--(Marketwire - August 26, 2008) - NineSigma, the leading provider of open innovation solutions for fortune
1000 companies, today announced that it has been named to the annual Inc.
5000 list of the fastest-growing privately held companies in the United
States. The Inc. 5000, an extension of Inc. magazine's 25-year-old Inc. 500
list, identifies and profiles the elite of the growing entrepreneurial
economy in the United States, which is made up of more than seven million
companies with employees. The company ranked 777th on this year's Inc.
5000.
Out of the 5,000 companies on the list, NineSigma ranked 15th among 183 Ohio
companies, and third among Cleveland-based companies with three-year growth
of 455 percent. The company also ranked 79th among the top 100 service
companies on the list. The 2008 Inc. 5000 reported total combined revenue
of $185.4 billion and average three-year growth of 334 percent.
"We are thrilled to be part of the Inc. 5000 as it is a testament to the
dedication of our entire team, as well as the support of our clients," said
Paul Stiros, CEO of NineSigma. "We continue to grow because we are
consistently developing new ways to help our clients capitalize on open
innovation and collaborate with the global innovation community. The fact
that NineSigma is part of this list is a direct reflection on the growing
interest in open innovation, and we are confident that the next several
years will be even better than the past few."
NineSigma's open
innovation solutions allow clients to source innovative ideas,
technologies, products and services from outside their organizations. By
connecting clients with the best innovators and solution providers
from around the world, NineSigma is able to quickly and cost-effectively
help them solve their technology challenges and bring new products to
market.
"Our second annual Inc. 5000 continues the most ambitious project in
business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc.
5000 gives an unrivalled portrait of young, underreported companies like
NineSigma across all industries doing fascinating things with cutting-edge
business models, as well as older companies that are still showing
impressive growth."
NineSigma will be honored as a member of the Inc. 5000 list at the Inc.
Conference and Awards Ceremony on September 18-20, 2008 at the Gaylord
National Resort and Convention Center in Washington, D.C. Complete
information on this year's Inc. 5000 can be found at www.inc.com/inc5000.
The 2008 Inc. 5000 list measures revenue growth from 2004 to 2007. To
qualify, companies must be U.S. based and privately held, independent --
not subsidiaries or divisions of other companies -- as of December 31, 2007
and have had at least $200,000 in revenue in 2004 and $2 million in 2007.
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audience of business leaders. Visit http://www.inc.com.
About NineSigma
NineSigma partners with Global 1000 companies to help transform their
innovation capabilities and overcome business and technology challenges by
connecting them with solutions not readily available in the public domain.
NineSigma's proprietary process for Open Innovation enables companies to
dramatically improve speed to market while lowering product development
costs. NineSigma's open network of innovators is the largest of its kind
and spans industries, geographies and technical disciplines. Companies such
as DuPont, GlaxoSmithKline, Kraft, P&G, Philips, Unilever and Xerox engage
NineSigma to build new innovation capabilities that leverage research and
innovation globally to deliver greater value to their customers. NineSigma
is a private company with offices in the United States, Belgium and Japan.
For more information visit: www.ninesigma.com.