LOS ANGELES, August 22, 2012 -- Chrome River Technologies, a leading provider of expense management software and automated invoice processing, today announced that Inc. magazine ranked Chrome River number 258 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The Inc. 500 is further segmented by industry and Chrome River ranked number 24 across the entire nation’s leading companies in the Software category.
The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.
“We are honored to be included in this exclusive ranking of the fastest growing private companies in the U.S.,” says Alan Rich, co-founder and CEO of Chrome River. “Our 1,386.2% sales growth over the last three years in the worst economy we have seen in our lifetime is a testament to the value our service provides to companies worldwide. Today, companies have to be judicious about how and where their money is spent. Chrome River offers companies a superb service that delivers complete process automation and cost controls around a company’s accounts payable operations.”
The 2012 Inc. 500, unveiled in the September issue of Inc. is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 770% in sales growth. The Inc. 500’s aggregate revenue is $15.7 billion. The companies on this year's Inc. 500 employ more than 48,000 people and generated over 40,000 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/500.
"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,” says Inc. magazine Editor Eric Schurenberg.
About Chrome River
Chrome River Technologies, Inc. provides expense reporting and invoice automation solutions that uniquely combine the latest available internet technologies with over 25 years of financial systems experience. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. This unique service is easily configurable to meet the needs of organizations worldwide with complex expense management policies and collaborative approval processes. Additional information about Chrome River Technologies, Inc. and its solutions may be obtained by phone at 1.888.781.0088 or by visiting the company website at www.chromeriver.com.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.