EDISON, N.J., Oct. 01, 2015 (GLOBE NEWSWIRE) -- Avaap, the largest North American Infor-only IT services and software development firm, has been recognized as one of the fastest-growing companies in the nation, achieving status as a five-year honoree on the INC. 500 list. Avaap also earned the distinction of being named to the NJBIZ 2015 50 Fastest Growing Companies list, honoring New Jersey’s most dynamic businesses that have progressively contributed to the success of the state’s economic growth and stability.
The NJBIZ 50 Fastest Growing Companies awards program required companies to meet selection criteria that included a revenue size of at least $500,000 within the past two out of three years and growth in revenue over a three year period, dating from fiscal year 2012 to 2014. INC. 500 eligibility required having generated at least $100,000 in revenue in 2012 and at least $2 million in 2015.
“We are honored to be recognized by NJBIZ and INC. 500 as a fastest growing company, giving testament to the achievements by individuals who contribute to Avaap being a great place to work and their commitment to high customer satisfaction,” said Dhiraj Shah, Avaap CEO. “Our unprecedented growth extends beyond strengthening the local economy to delivering greater capabilities, resources and services to our expanding customer base. While these milestones are significant, it’s just the beginning of the Avaap story as we continue to expand to new territories and launch new products and services.”
Avaap specializes in Infor, which reported growth in software license and subscription revenue for fiscal year 2015 as well as an uptick in SaaS bookings, with more than 45 million users now accessing its applications in the cloud, across 96 different countries. Avaap’s investment in cloud capabilities and track record of successful cloud deployments make it well positioned for its next phase of growth while helping companies implement on premise ERP or leverage cloud to reduce customizations, access industry-specific functionality, scale quickly and achieve the highest value from Infor investments.
About Avaap
Headquartered in Edison, N.J. with a global center of excellence in Chennai, India, Avaap is the largest North American Infor-only IT services and software development firm with deep industry expertise in equipment rentals and sales, healthcare, public sector, manufacturing and distribution, food and beverage, and retail/fashion. Avaap delivers Infor-based software solutions and IT services that can help companies achieve successful business outcomes, technology optimization and operational excellence. Avaap’s portfolio of turnkey solutions can help companies fill critical business gaps and are designed to help customers achieve the most benefit from their Infor software investments. Avaap has earned numerous industry accolades, including being named on Computerworld’s list of 100 Best Places to Work in IT in 2014 and 2015; recipient of Infor’s 2013 Service Partner of the Year and 2014 Alliance Partner of the Year awards; five year honoree on the Inc. 500 and recipient of NJBIZ 50 Fastest Growing Companies 2015. For more information, visit www.avaap.com.