Auctionpay Among Inc 500 Fastest Growing Private Companies
08/28/2007
PORTLAND, Ore – August 28, 2007 — Auctionpay, Inc today announced that Inc. Magazine has added the company to the Inc 500 list of fastest growing private companies ranking 498. Auctionpay achieved a substantial 594 percent growth from 2003-2006.
The companies that made this list represent the vanguard of American industry. Inc 500 project manager Jim Lelloan said, “These companies are the elite--a mere sliver of the seven million or so companies in the U.S. For more than 25 years, the Inc. 500 has been the essential guide to the most entrepreneurial companies in America.”
Auctionpay President and CEO, Steve Sterba, credits the company's strong growth to its demonstrated ability to increase its clients' benefit fundraising revenue through hallmark levels of customer service, innovative technology and rapidly expanding market demand.
"Being acknowledged by the Inc Magazine is a testament to the company's vision and our team's dedication to help nonprofit organizations and schools increase their fundraising. We are excited to be a part of such a notable group of companies and proud to be designated as a market leader," said Mr. Sterba.
Inc. 500 companies posted aggregate 2006 revenue of $38.9 billion, and, on average employed 138 employees and are eight years old.
About Auctionpay
Auctionpay, headquartered in Portland, Oregon with satellite offices around the country, is dedicated to helping the nonprofit community automate and improve benefit event fundraising. Since 2002, Auctionpay has processed more than $750 million in credit card payments in support of nonprofit causes for over 5,500 organizations and schools across the United States. Auctionpay was selected among Inc. magazine’s 500 fast growing companies in 2007. For more information, visit www.auctionpay.com.
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