Based on its growth and success from 1999 to 2000, OpenLink has been ranked eleventh of the “25 Fastest Growing” companies in the 15th Annual Long Island Entrepreneurial Spirit Awards. The Awards were sponsored by KPMG LLP, Hofstra University and Long Island Business News.
"We are very pleased by this public recognition for the efforts of our OpenLink team worldwide," said Coleman Fung, OpenLink founder and CEO."Our professionals in New York, London and Houston have enabled us to expand very quickly geographically and in our market sectors as OpenLink continues to provide solutions to pressing and complex business needs. As our record year-to-date 2001 revenues show through the third quarter, as well as the recent opening of our Berlin office, OpenLink has the foundation to achieve aggressive long-term revenue growth while managing dramatic expansion domestically and internationally."
This announcement follows the recent release of OpenLink’s third quarter earnings, which showed record revenues for the fourth quarter running, and a doubling of revenue and licensing results over the comparable period for 2000. For the three months ended September 30, 2001, OpenLink’s total revenue increased 130% to $13.9 million compared to the same quarter in 2000. Software revenue increased 161% to $7.7 million versus the previous year’s respective timeframe. Total revenue for the first nine months of 2001 was $35.2 million, a 99% increase over the previous year’s historical highs, while pre-tax profits reached a record $5.9 million.