FOR IMMEDIATE RELEASE
Bunni Bates
Communications Manager
11700 Plaza America Drive, Suite 810
Reston, VA 20190
703.471.9793 ext. 220
bbates@platinumsolutions.com
PLATINUM SOLUTIONS, INC. RANKS NO. 61 ON THE 2006 INC. 500
Reston, VA (September 13, 2006) - Platinum Solutions, Inc. was ranked as the 61st fastest-growing private company in the United States and 3rd in the software-industry category by Inc. magazine for 2006. Platinum was recognized for a three-year sales growth of 1,085.8 percent and, since its founding in 1999, has grown to 45 employees with an annual revenue of $7.5 million.
"It is very gratifying to debut at #61 in Inc Magazine's extremely prestigious ranking, with a 3 year growth of over 1,085.8 percent," said Laila Rossi, CEO of Reston, Virginia based Platinum Solutions. There are many outstanding companies from a broad range of services and industries included in this competition. Making this list is truly an honor and speaks volumes to the loyalty of our customers and the fact that we're doing work that is making a difference."
"The work we do is vitally important to our country and our communities. Our company creates products that save lives by helping the federal government monitor terrorist communications and arrest violent criminals through analyzing digital evidence and developing custom software. Platinum�s software is also used by the FDA to help improve the prescription drug review and approval process. In today�s environment, it just doesn't get any more relevant than this!"
Ms. Rossi added, "Our software is helping the government overcome complex problems in mission critical programs. We're transforming existing processes into real-time, distributed applications; our clients are realizing incredible gains in efficiency and speed. Our solutions provide easy access to information insuring that better decisions can be made at every level."
The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held and independent (not subsidiaries or divisions of other companies), with at least $600,000 in net sales during the first qualifying year.
Inc. Trends
As revealed in the September 2006 issue of Inc., this year�s list included the most robust group of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. Most important, the 2006 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.
"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."
Hottest Regions for Fastest-Growing Companies
Federal spending again propels a large number of companies from Washington, D.C., Virginia, and Maryland onto the Inc. 500.
Washington, D.C., is the top metropolitan area for the fourth consecutive year, with 43 of the fastest-growing companies, an increase of one over last year. New York City is a close second and the biggest gainer, adding 17 companies for a total of 42 companies this year, followed by Los Angeles with 25 (down seven companies from last year), Boston with 24 (down three companies), and Atlanta with 20 (no change).
California is the state with the most Inc. 500 companies � 66 (down from 77 last year). Virginia and New York both are home to 34 of the fastest-growing companies, followed by Texas (32) and Massachusetts (28).
About Inc.
Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today�s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers� energy, brashness, and imagination.
About Platinum Solutions
Platinum Solutions, Inc. is an award-winning leader in systems integration and collaborative solutions for business and government. With particular expertise in healthcare, law enforcement, intelligence, defense, and national security, we offer creative solutions to those responsible for ensuring the nation's security and public safety. In a nutshell, Platinum Solutions creates software that saves lives. Our software helps the federal government monitor terrorist communications, arrest violent criminals, and improve the prescription drug review and approval process.
We were ranked as the 61st fastest-growing private company in the United States by Inc. magazine in 2006 and 3rd in the software-industry category. In addition, we placed 18th among Washington Technology's 2005 Fast 50 Government Contractors, and landed first place in the Fast 50 Systems Integration category. We were also named as one of ten organizations that are "Influential in the Government IT Market� by Federal Computer Week magazine (FCW) in 2006.
As a privately owned and operated Woman-Owned Small Business (WOSB) company headquartered in Reston, Virginia, Platinum Solutions serves the Washington, D.C. metro and Norfolk/Virginia Beach metro areas. We are certified by the SBA as an 8(a) Small Disadvantaged Business (SDB).