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uMonitor Ranks Among America’s Fastest-Growing Private Companies |
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Financial technology firm named on the Inc. 5,000 with three-year sales growth of 304.7 percent |
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MEMPHIS, Tenn., Aug. 22, 2008 - uMonitor, the innovative financial solution services provider for banking customer acquisition and retention, today announced that it ranked in the top quarter of the 2008 Inc. 5,000 list. The company’s 304.7 percent revenue growth from 2004 to 2007 earned it. |
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The Inc. 5,000 is a comprehensive look at the most important segment of the economy - America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the United States. Our second annual Inc. 5,000 continues the most ambitious project in business journalism," said Inc. 5,000 Project Manager Jim Melloan. "The Inc. 5,000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth." uMonitor is a financial solution services provider for banking customer acquisition and retention. The company offers a wide range of Web-based solutions specifically designed to help financial institutions improve efficiencies and provide the most up-to-date online banking services. Its solutions enable financial institutions of all sizes to increase profitability, generate new revenues and improve regulatory compliance and employee productivity. "uMonitor's innovative solutions reinforce the significant amount of business that takes place today via the Internet and we use this trend to enable financial institutions to strengthen customer offerings and compete with larger institutions while staying within their business models," explained Dinesh Sheth, CEO for uMonitor. "We are proud to be recognized by Inc. for years of stable growth. With more than 90 percent of financial institutions still needing a full array of Web-based solutions similar to those provided with uMonitor services, we look forward to many more years of success." The 5,000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5,000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded.
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About uMonitor - Parsam Technologies For more information, please visit www.umonitor.com or contact Gillian Smoot at gsmoot@umontitor.com or by phone at 901.757.1212, ext.7115. |
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