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Inc. Magazine Ranks Albridge Solutions 32nd On Its List Of The 500 Fastest Growing Private Companies In AmericaThree-Year Sales Growth of 1,787% Far Outpaces Average Growth Rate November 1, 2005– Lawrenceville , NJ – Albridge Solutions, the industry leader in enterprise data management (EDM) and Web-based portfolio accounting and performance reporting solutions for the financial services industry , announced today that it has been recognized by Inc. magazine as one of the nation's fastest growing privately-held companies. The Inc. 500 ranks privately-held companies according to their three-year sales growth. Albridge Solutions ranked 4 th among financial services companies and 32 nd overall. “To be included in the Inc. 500 is an achievement itself, but to earn such a high ranking is indicative of the quality of our services and the dedication of our people,” said Greg Pacholski , President and CEO, Albridge Solutions. “We are committed to delivering client value above all else, and we will continue to help our clients achieve their goals by offering the best solutions in the industry.” Albridge Solutions' growth reflects the company's expansion as a full-line provider of data management and Web-based accounting and reporting solutions for the financial services industry. The company's solutions have grown to include Web Services, Data Aggregation, Fee Billing, Replicated Data Services and its very popular Wealth Reporting solution. This past summer, Albridge Solutions announced the debut of the Albridge Advisor Report, the first of its Information Services offerings, which provides metrics, benchmarks and analysis to help advisors measure performance and competitiveness against peers. About the Inc. 500Inc. 500 rankings are based on cumulative three-year sales growth from 2001 to 2004. To be eligible for this year's Inc. 500 companies must have been U.S.-based, independent and privately held through their fiscal year 2004. They were required to have at least $500,000 in net sales in 2001 and their 2004 sales had to exceed 2003 sales. Inc. verifies all information using tax forms, audited financial statements from certified public accountants, and interviews with company officials. Past Inc. 500 companies include Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza. The Inc. 500 can be found in the November issue which appears on newsstands November 1. About AlbridgeAlbridge Solutions is the leading provider of enterprise data management (EDM) and web-based portfolio accounting and performance reporting solutions to the financial services industry. Financial institutions and advisors including investment management firms, insurance companies, banks, Registered Investment Advisors, and independent, insurance and bank broker-dealers rely on Albridge for the high quality consolidated data they need to succeed. Albridge Solutions consolidates account information from hundreds of data sources encompassing thousands of product companies and makes this valuable customer data readily accessible to many leading financial institutions and advisors. Using patent-pending technology, Albridge Solutions collects, cleanses and normalizes the transaction and position-level securities data it receives from settlement and clearing firms, data custodians, product companies and internal proprietary systems. This data is then used to power Albridge Wealth Reporting, our web-based portfolio accounting and performance reporting solution in use at over 100 financial services firms representing over $850 billion in assets, 60,000 financial advisors and millions of investors. Financial Institutions can also choose to receive cleansed and consolidated information via Albridge Web Services or Albridge Replicated Data Services to support enterprise level initiatives such as data-mining, CRM, compliance monitoring and other mission critical business applications. For more information, contact Chris Farber, Vice President, Sales at 609-806-0251. For More Information: |