Black Mountain Systems Named to Inc. 500 List of Fastest Growing Companies

San Diego - 23 August 2011

Inc. magazine announced today its 30th annual Inc. 500 ranking of the fastest-growing private companies in the country. Black Mountain Systems, the leading provider of front office solutions to the investment management and banking industry ranked No. 63 on the list, with three-year growth of 3,445.8% percent.

“We are excited to be recognized on the Inc. 500 list, as it is a tremendous validation of our commitment to partnering with our clients to build and deliver the solutions they need in a manner that is unique to their organization, rather than a one size fits all approach” said Black Mountain Managing Partner Andy Horwitz. “We’ve experienced significant company growth over the past few years, opening new offices in New York, London and Boston to be closer to our clients in addition to expanding our headquarters in San Diego. We are on track to continue that trend moving forward. The key to our success is our hard working team of talented professionals with extensive industry experience and the product they created, Everest.”

“At the outset, we recognized a need existed in the marketplace to improve on what is a manual and time consuming process” said Black Mountain Chief Operating Officer Wayne Elpus. “Due to the complexity and uniqueness of the fixed income asset classes, portfolio managers and traders often track their trading information in sophisticated spreadsheets which are difficult to manage. Trade information flow is commonly based on e-mails and conversations, making automated reporting, sharing of information and corporate compliance challenging over the life cycle of an investment. Everest was developed to solve these issues.”

“Everest allows our clients to create custom workflow processes for their credit pipeline and ongoing monitoring updates and reviews,” said Black Mountain Chief Technology Officer Kevin MacDonald. “Everest enables firms to publish and share critical news and underlying company performance changes as they happen. We integrate with numerous industry standard third party data providers and proprietary Excel models to unleash critical business data that is currently inaccessible and improve analyst bandwidth by automating reports and allowing them to focus on their core competency.”

“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition. For more than 30 years, Inc.’s list has served as evidence of the significant accomplishments of enterprises. And, more than ever, this year’s list is a testament to the creativity, resilience, and tenacity of America’s top entrepreneurs.”

The 2011 Inc. 500 list measures revenue growth from 2007 through 2010. To qualify, companies had to be U.S.-based, privately held, for profit and independent, not subsidiaries or divisions of other companies, with at least $2,000,000 in revenues as of December 31, 2010, and have at least $100,000 in net sales in 2007.

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