Judged on growth and profitability over the past five years, ExpressTech Int'l (DBA Fishbowl Inventory) is ranked #8 in Utah. After doubling or tripling size and revenue each year, Fishbowl Inventory plans for similar continued growth in 2008.
Orem, UT (PRWEB) February 11, 2008 -- Expresstech International, the developers of the Fishbowl Inventory control software for QuickBooks users, was recently named as one of the top ten fastest growing companies in Utah. Recipients of this award are judged on growth and profitability over the previous five years and compared against hundreds of other successful Utah companies. According to Dave Williams, the CEO of Expresstech, "We have been doubling our sales every year for the past four years. We are delighted to be in the top 10 this year and are looking forward to again doubling our market share in 2008."
According to Intuit, the developers of QuickBooks, Fishbowl Inventory is the top requested add-on software package (out of about 400 packages) to the market-leading QuickBooks accounting software. Traditionally, QuickBooks has been thought of as purely a small business accounting package of companies from one to 20 employees. But Fishbowl Inventory, combined with QuickBooks for accounting, addresses the advanced inventory control and manufacturing needs of lower mid-market companies that manufacture products or who need to track inventory across multiple warehouses.
The lower mid-market consists of companies from 20-500 employees. Over the past 6 years Intuit has been developing advanced versions of their standard QuickBooks software and has also opened up their software for direct integration with 3rd party packages like Fishbowl Inventory. Fishbowl Inventory has taken advantage of a close relationship with Intuit to build a solution that goes hand in hand with the most popular accounting solution out there.
This mid-market space that Fishbowl Inventory is exploding into has some older, relatively expensive products such as MAS90, Great Plains products, etc. Fishbowl's cost-effectiveness is very attractive to companies that previously used extremely expensive software packages. Many companies are realizing that they don't need to leave QuickBooks when they can couple Fishbowl Inventory with their trusted QuickBooks accounting software. For accounting departments, sales, etc., this is a major perk to switching over to Fishbowl Inventory.
(Venture Capitalists need not contact).
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