Bitstream Named as One of the Top 100 Women-Led Businesses in Massachusetts.In Babson College/Commonwealth Institute Study, Bitstream's Position Moves from Number 48 to Number 38 Based on Strong Revenue Growth CAMBRIDGE, Mass. -- Bitstream Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BITS) today announced that a research study co-developed by The Center for Women's Leadership at Babson College Babson College, located in Wellesley, Massachusetts (zoned as "Babson Park," ZIP code 02457),[1] is a private business school that grants all undergraduates a Bachelor of Science in Business Administration. The F. W. and The Commonwealth Institute has named Bitstream as one of the Top 100 Women-Led Businesses in Massachusetts. The report includes data from 191 women-led firms, and details the successes and contributions that companies led by women have made to the state's economy. This marks the second consecutive year that Bitstream was included in the study, moving up from number 48 last year to number 38 in the 2006 report. The study identifies the top 100 women-led businesses in Massachusetts based on 2005 revenues. The companies participating in the survey that reported revenues generated $10 billion, and all the companies participating in the study employed more than 21,000 people. The study finds that in 2005, 55 percent of the women-run businesses grew by more than five percent - which is more than double the state average of 2 percent, and nearly double the national growth rate of 2.6 percent. Bitstream significantly exceeded this growth between 2004 and 2005, as revenues grew by 35 percent. This record growth continues in 2006. Most recently, the company achieved its highest quarterly revenue since going public by growing third quarter 2006 revenue by 35 percent. "It is rewarding to see how Bitstream has advanced on this list of exceptional companies," states Anna Chagnon, President and 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 Bitstream, Inc. "Our company is dedicated to developing and delivering superior technologies that enhance communications. The growth of our revenue and our progression on this prestigious list is a result of our ability to deliver on that commitment." When commenting on the study, Nan S. Langowitz Director of the Center for Women's Leadership at Babson College and chief researcher and author of the study stated: "The study uncovers valuable business lessons that we can all learn from. The women CEOs are committed to building strong and thriving thrive intr.v. thrived or throve , thrived or thriv·en , thriv·ing, thrives 1. To make steady progress; prosper. 2. organizations for the long haul Long distance. Long haul implies traversing a state or a country. Contrast with short haul. ; their businesses are major engines of growth for the economy and key sources of philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. for the community. The CEOs' focus on top-line growth has made their companies tremendously successful despite the economic environment of the past few years." About Bitstream Bitstream Inc. (NASDAQ: BITS) is a software development company that makes communications compelling. Bitstream enables customers worldwide to render high-quality text, browse (1) To view the contents of a file or a group of files. Browser programs generally let you view data by scrolling through the documents or databases. In a database program, the browse mode often lets you edit the data. See Web browser. the Web on wireless devices, select from the largest collection of fonts online, and customize documents over the Internet. Its core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
or typeface or type family Assortment or set of type (alphanumeric characters used for printing), all of one coherent style. Before the advent of computers, fonts were expressed in cast metal that was used as a template for printing. technology, browsing See browse. technology, and publishing technology. For more information about Bitstream please visit www.bitstream.com. About the Study This is the fifth study conducted by The Center for Women's Leadership at Babson College and The Commonwealth Institute on woman-led businesses in Massachusetts. Qualified participant companies have a woman chief executive who is the senior executive decision maker of the firm, are headquartered in Massachusetts, and are either independent businesses or legal subsidiaries of larger corporations. Medical, law and banking firms as well as non-profits were not included in the study. The full research report, including the Top 100 list, is available from Babson's Center for Women's Leadership and can be downloaded at www.babson.edu/cwl/top100. About Babson College The Center for Women's Leadership at Babson College is the first center dedicated to women in business and entrepreneurship en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. at a leading school of management. Babson College in Wellesley, Mass. was founded in 1919, and is recognized internationally as the leader in entrepreneurial management education. For more information on Babson visit: www.babson.edu. About The Commonwealth Institute The Commonwealth Institute is a dynamic, non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. founded in 1997 to help women entrepreneurs, CEOs and senior corporate executives build successful businesses. The goal of The Commonwealth Institute is to reach women leaders during the critical stages of their businesses and to provide them with the tools and resources they need for growth. Further information on The Commonwealth Institute can be found at: www.commonwealthinstitute.org. |
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