- Ranked No. 224 in the financial services industry
Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, announced today that it has been named to the Inc. 5000 fastest-growing privately held companies in the U.S. Based on solid revenue growth over the past three years, Scivantage ranked No. 3,531 overall on the Inc. 5000 list and No. 224 among the top financial services firms. This is Scivantageâs fourth consecutive year on the Inc. 500/5000 list.
The list represents a comprehensive look at the most important segment of the economy â Americaâs independent-minded entrepreneurs. âThe leaders of the companies on this yearâs Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,â said Inc. president Bob LaPointe. âThe 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.â
Scivantage President and CEO Adnane Charchour said: âWe are honored to be ranked for the fourth consecutive year on the Inc. 5000 list alongside leading private companies from across the U.S. As we enter our 10th year of technology innovation and growth, this recognition is an excellent acknowledgement of our work and dedication in the financial services technology industry. Over the past decade, our mission has been to develop innovative solutions that help financial institutions and financial professionals to achieve more efficient ways to transact business, while strengthening customer relationships and improving overall productivity. This strategy is what has helped us remain on the Inc. 5000 list.â
Despite the fact that most of this yearâs measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion in 2009, up more than 50 percent from the previous year. The top five industries by total revenue are Business Products & Services ($84.7 billion), Health ($48.3 billion), Consumer Products & Services ($26.4 billion), Retail ($22.3 billion), and Government Services ($15.1 billion).