Bedminster, N.J., October 24, 2005 GAIN Capital Group, Inc. a leading provider of foreign exchange trading and asset management services for institutional and individual investors, today announced its 86th place on the Inc. 500 ranking of the fastest-growing private companies in the United States. GAIN Capital achieved a three-year sales growth of 982 percent.
The companies that made this list represent the vanguard of American industry, posting a median three-year sales growth of 485%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.
"GAIN's success is built on three basic tenets: offer superior technology; stay focused on the customer; and recruit the best talent," commented Mark Galant, CEO of GAIN Capital Group. "It's an honor to be recognized among the impressive companies included in this year's Inc 500," commented Mr. Galant.
The Inc 500 recognition comes on the heels of another prestigious award recognizing GAIN's growth and achievement. The firm was recently named to the 9th position in the Deloitte Technology Fast 500, honoring the fastest growing technology companies in North America based on four-year sales growth.
"When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, project manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.