ProClarity Corporation has been named one of America's entrepreneurial growth leaders by Inc magazine, which released its 2002 Inc 500 ranking of the nation's fastest-growing private companies. ProClarity ranks 59th on the list. ProClarity, the fastest-growing business intelligence provider on the list, achieved 2,641 percent growth in the past five years.
ProClarity is a provider of innovative analytic software solutions for the enterprise. ProClarity delivers smart analytic solutions that increase user productivity, reduce administration and training costs and accelerate the speed at which organizations make informed decisions.
Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. The 2002 Inc 500 reveals a surprising resiliency within the entrepreneurial sector, where leading companies are continuing to show dramatic rates of growth despite the recession.
The average five-year growth rate of this year's Inc 500 companies is 1,521 percent. While that is less than the 1,933 percent average for companies on last year's list, it is nonetheless dramatic in the current environment. Average 2001 sales for the Inc 500 dropped only slightly, from $24,976,000 to $24,706,000. More than two-thirds (73 percent) of 2002 Inc 500 companies are profitable. Despite the technology bust, "Computer Software & Services" remains the leading industry category, representing nearly 40 percent of firms on the list.
"This is the first Inc 500 ranking to reflect the full impact of the recession," said Inc editor John Koten. "Yet these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They're showing that smart strategies can succeed even in the toughest of times."
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