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PRAGMATECH SOFTWARE NAMED ONE OF THE NATION’S FASTEST GROWING COMPANIES BY INC MAGAZINEAmherst, NH, October 11, 2001 – Pragmatech Software, Inc., a leading provider of sales effectiveness software, has been ranked #112 on the 2001 Inc 500 list of America’s fastest-growing privately held companies. The company achieved 2,127 percent growth in the past five years, with sales growing from $328,200 in 1996 to $7,304,000 in 2000.“We are honored to be recognized by Inc magazine’s very prestigious ranking of the fastest-growing companies in the United States,” said Pragmatech CEO Brooke Savage. “Our steady growth is a direct result of the constant effort made by everyone in this company to develop, market, and sell the most sophisticated sales effectiveness software products available today. I’m grateful to our employees and to our customers who made this happen.” Founded in 1993, Pragmatech Software develops and markets innovative and intelligent web-based proposal automation, rapid RFP response, and content management software for a variety of industries, including financial services, banking, healthcare, telecommunications, legal, insurance, technology, and many others. Leading companies in these highly competitive markets use Pragmatech products to optimize the effectiveness of their sales operations and give customer-facing professionals the tools they need to communicate consistent, cohesive, and compelling information to prospects, customers, and business partners. Started in 1982, the Inc 500 ranks the nations leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino’s Pizza, and Oracle. This year’s Inc 500 set records in terms of both collective sales and growth rates, racking up a collective total of $12.5 billion in sales and an average five-year growth rate of almost 2,000 percent. Among the key trends: Inc 500 enterprises are dramatically larger than they were 10 years ago, with an average of 160 employees, compared with just 61 employees on average in 1991. In existence an average of eight years, 56 percent were started at home, approximately 63 percent were started with an investment of $20,000 or less, and 15 percent were stared with less than $1,000. The companies as a group generated a total of 80,188 jobs, and some 76 percent of Inc 500 companies were profitable in 2000. Reflecting the technology boom in the past five years, the largest percentage (38%) of Inc 500 companies was in “computer software and services,” followed by “diversified services,” such as human resources and advertising (21%). Telecommunications was a distant third with five percent. “The Inc 500 gives America a window on the future – which companies will be the Microsofts and Timberlands of tomorrow,” said George Gendron, Inc editor-in-chief. “The economy may have slowed, but entrepreneurial enterprises have always been, and will continue to be, the nation’s foremost engine of growth and job creation.” To be eligible for this year’s Inc 500, companies had to be independent and privately held through 2000, have at least $200,000 in sales in the base year of 1996, and their 2000 sales had to have exceeded 1999 sales. Holding companies, regulated banks, and utilities are not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials. About Inc Founded in 1979, Boston-based Inc magazine was acquired last year by G+J USA, one of America’s largest magazine publishers and is part of the company’s newly formed Business Innovator Group. G+J USA also publishes Fast Company, Rosie, Child, Family Circle, Fitness, Homestyle, Parents, and YM. The company is 25.1 percent owned by the Jahr Group and 74.9 percent owned by Bertelsmann AG the largest privately held and the fifth largest media company in the world with yearly revenues at $16 billion. About Pragmatech Pragmatech Software develops and markets innovative and intelligent web-based sales effectiveness software solutions for a variety of industries, including financial services, banking, healthcare, telecommunications, legal, insurance, technology, and many others. The company’s Sales Effectiveness Software Suite, which includes The RFP Machine and The Proposal Assembler, greatly simplifies the process of creating winning business proposals and responding to Requests for Proposals (RFPs) and Requests for Information (RFIs) for sales and marketing professionals and, with the addition of Web Publisher, expands the means through which corporate messaging is disseminated. Pragmatech Software, Inc., is headquartered in Amherst, New Hampshire, and has offices in San Francisco, Dallas, Atlanta, Chicago, and New York. Pragmatech Software Europe Limited, based in Reading, UK, is the company’s European Subsidiary. For more information, visit Pragmatech Software on the World Wide Web at http://www.pragmatech.com. Editorial Contact: Tom McFarland Vector Communications, Inc. 617 846 1116 tmcfarland@vector-comm.com top of page |
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