Satuit rises in the ranking and continues rapid growth
New York, NY and Norwell, Mass. (Vocus/PRWeb) August 26, 2008 -- Satuit Technologies, Inc., a global leader in sales force automation (SFA) and client relationship management (CRM) solutions for the professional investment markets, today announced that for the second year in a row it has been named to the annual Inc. 5000 list of the fastest-growing private companies in the United States. In 2007, Satuit ranked 1619. This year, Satuit ranked 1523 and is one of only 14 software companies from Massachusetts on the list.
"We are very excited to make the Inc. 5000 list for the second consecutive year," said Karen Maguire, CEO of Satuit Technologies, Inc. "To be considered one of the fastest growing companies in the United States is a real complement to our talented team at Satuit, and demonstrates the growth and ongoing market potential for targeted CRM solutions such as our SatuitCRM solution. Our business continues to grow because of our understanding of the asset management industry and our great customer base that is willing to share their best practices with their peers. We appreciate the recognition and will continue work to move up the list in coming years."
Satuit ranked 65th out of 195 companies in Massachusetts and 115th out of the 283 software firms on the list. Among Software companies in the Northeast, Satuit ranked in the top 20.
Satuit's product, SatuitCRM, provides a custom CRM solution without the custom application price tag. SatuitCRM offers professional investment firms and practitioners full CRM functionality, complete application configuration, pre-built integration APIs, and application extension functionality. The solution was designed specifically to enable asset management and hedge fund companies to increase sales, better serve their clients, master information-intensive business relationships and reduce costs.
The Inc. 5000 is an extension of Inc. magazine's Inc. 500 list, and identifies companies that are the fastest growing among the more than seven million companies with employees in the U.S. The 2008 Inc. 5000 list measures revenue growth from 2004 to 2007. To qualify for the Inc. 5000, nominees must be private and independent U.S.-based companies that are not subsidiaries or divisions of other companies as of December 31, 2007. Companies must have earned at least $200,000 in revenue in 2004 and $2 million in 2007.
"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 Satuit across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
All the companies on the list will be honored at the Inc. Conference and Awards Ceremony on September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C.
A profile of Satuit can be found at http://www.inc.com/inc5000/2008/company-profile.html?id=200815260. Complete information on this years Inc. 5000 can be found at www.inc.com/inc5000.
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About Satuit Technologies
Satuit Technologies, Inc. is a global leader in sales force automation (SFA) and client relationship management (CRM) solutions for the professional investment market. The company's SatuitCRM system was designed to enable asset management and hedge fund companies to increase sales, better serve their clients, master information-intensive business relationships, and reduce costs. With offices in the United Sates and the United Kingdom, Satuit serves clients in more than a dozen countries as well as every major financial center. For additional information on Satuit Technologies, visit http://www.satuit.com or call 781.871.7788.
Media Contacts:
Dan Dyer
For: Satuit Technologies
513.478.7818
ddyer @ tier1pr.com
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