AgencyPort Insurance Services Named by Inc. Magazine as one of America's Fastest Growing Private Companies.1,012% growth over three years lands AgencyPort on the 2007 Inc. 500 list BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- AgencyPort Insurance Services, Inc., announced today that it has been named to Inc. magazine's list of America's fastest-growing privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . In Inc.'s recently released 26th annual Inc. 500, AgencyPort's three-year growth rate of 1,012% earned the company the No. 223 spot. "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 intractable /in·trac·ta·ble/ (in-trak´tah-b'l) resistant to cure, relief, or control. in·trac·ta·ble adj. 1. Difficult to manage or govern; stubborn. 2. 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." AgencyPort is the leading provider of web-based solutions and services for property and casualty insurers. AgencyPort's products enhance the underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. process, extend the life of carriers' existing policy administrations systems, and make it simple for agents and carriers to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting business. The result is a significant increase in process efficiency for both carriers and agents. "It's an honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. to be included on the Inc. 500," stated Gary Brach, 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 AgencyPort. "Making the list validates our hard work and commitment to building a successful business and delivering world-class technology to the insurance industry." The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006. About Inc. magazine: Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. About AgencyPort Insurance Services, Inc.: AgencyPort (www.agencyport.com) is the leading provider of web-based solutions designed specifically for property and casualty insurers. Our agency portal and interface products make it easy for agents to transact business, enhance the underwriting process and extend the life of carrier's existing policy administration systems. The result is a significant increase in process efficiency for both carriers and agents. The company was founded in 2000 and is headquartered in Boston, MA. |
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