Jersey City, NJ - 13 September 2012

Scivantage®, an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting and wealth management applications, announced today that it has been named on the 2012 Inc. 5000 list of fastest-growing privately held companies in the U.S., a consistent achievement for the firm since 2006. Based on solid revenue growth over the past three years, Scivantage ranks No. 4,799 overall on the Inc. 5000 list and No. 309 among the top financial services firms.

In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.

“As we continue to experience rapid expansion across all of our business lines, we are extremely honored to be recognized as one of the fastest growing private companies for the sixth consecutive year by Inc. magazine,” Scivantage President and CEO Adnane Charchour said. “This award would not be possible without the remarkable commitment from our employees and the support of our world-class clients and industry partners. Our mission is to continue to produce innovative technology solutions that enable financial institutions to achieve more efficient ways to conduct their business.”

Scivantage’s repeat success in this ranking is a demonstration of its strong financial sector relationships, including work with five of the top 12 online brokerage firms, all of the top three independent brokerage firms, seven of the top 25 full service/regional brokerage firms, three of the top six US banks, the No.1 asset management firm in the world, and two of the top three prime brokers.

"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Inc. Editor Eric Schurenberg.

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