3t Systems Ranked #74 on Inc. 500 List; Software Development and Consulting Firm Selected for 3rd Consecutive Year with Five-Year Sales Growth of 1,867%.Business Editors/High-Tech Writers DENVER--(BUSINESS WIRE)--Oct. 6, 2003 3t Systems has been selected for the third consecutive year by Inc. Magazine as a top 500 fastest growing private U.S. company. Ranking #74 on the 2003 list, up from #84 in 2002 and #220 in 2001, 3t Systems has demonstrated a five-year sales growth of 1,867 percent. 3t Systems is a provider of information technology integration solutions and developer of Mortgage Cadence cadence, in music, the ending of a phrase or composition. In singing the voice may be raised or lowered, or the singer may execute elaborate variations within the key. , an enterprise-wide lending process solution and decisioning engine for the mortgage industry. Mortgage Cadence is a technology platform designed for lenders and brokers who want to increase their businesses' efficiency, scalability and profitability. "We are honored to have been selected by Inc. Magazine as a top 500 company three years in a row," said Edward Speir, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 3t Systems. "Our suite of consultative services and industry-specific technology tools, like Mortgage Cadence, has positioned 3t Systems as a leading provider of information technology, and we look forward to this continued success for years to come." The companies making this list have thrived through continued stagnation Stagnation A period of little or no growth in the economy. Economic growth of less than 2-3% is considered stagnation. Sometimes used to describe low trading volume or inactive trading in securities. Notes: A good example of stagnation was the U.S. economy in the 1970s. in the economy, posting an average five-year sales growth of 1,312 percent. With aggregate revenue of $14.4 billion, Inc. 500 companies are a formidable market force. And while the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. eliminated 1.5 million jobs in 2002, Inc. 500 companies - half of which were launched with less than $20,000 - provided employment for 67,973 people. "The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. 500 editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition." The Inc. 500 ranks privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sales growth over the past five years. With 75 percent of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci indicator of the companies and industries that are driving the economy forward. To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, had to have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and by conducting interviews with company officials. The Inc. 500 Special Issue will appear on newsstands October 14 and will be available until January 2004. About the Inc. 500 Inc. is the only business magazine dedicated exclusively to owners and managers of fast-growing private companies. It provides tools and strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small- to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75 percent of its new jobs. About 3t Systems, Inc. Headquartered in Denver, 3t Systems specializes in information technology integration, custom software development, network infrastructure and outsourcing solutions. Founded in 1995, 3t Systems delivers technical expertise combined with broad project experience and provides implementation services such as security, .NET applications, BizTalk, business intelligence and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. solutions. In 1999, 3t released its first version of Mortgage Cadence, a proprietary end-to-end loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software application for the mortgage banking industry. For more information about products and services provided by 3t Systems, go to www.3tsystems.com. |
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