Inc. today ranked Octagon Research Solutions, Inc., 1130 on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. Octagon was also ranked 29 out of 782 companies in the Philadelphia-Camden-Wilmington, PA-NJ-DE Metro Region, and 63 out of 377 companies in the Business Services Industry category. The Inc. 5,000, an extension of Inc. magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
“We are honored to be ranked among the fastest growing companies in the U.S.”, commented Jim Walker, chairman and CEO, Octagon Research Solutions, Inc. “Since Octagon was founded, we have been focused on helping our customers address the challenges of drug development by providing expert processes, technology and people. Our expertise in evolving industry standards such as the Clinical Data Interchange Standards Consortium (CDISC) and electronic Common Technical Document (eCTD) initiatives has led to our explosive growth and has helped many companies maintain a competitive advantage,” continued Mr. Walker. “We are happy to see some of our valued customers from the life sciences industry on the list who are also experiencing rapid growth and congratulate them on this honor.”
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.”
The 2007 Inc. 5,000, as revealed online at inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found at inc.com. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
The 2007 Inc. 5000 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.
Companies can apply for next year’s Inc. 500 and Inc. 5,000 by registering with IncBizNet, the new social network for private companies that will launch this fall on Inc.com.
About Octagon Research Solutions, Inc.
Octagon (octagonresearch.com) is a pioneer and leading process-centric solutions provider that offers a suite of regulatory, clinical, process, and IT solutions to the life sciences industry. Octagon synchronizes processes and increases automation to reduce island-to-island inefficiencies within the clinical research and development process. We leverage the power of electronic submissions through deep domain knowledge, cross-functional electronic submission expertise, a holistic process approach, and integrated solutions. Octagon is headquartered in Wayne, PA, with European headquarters in Berkhamsted, UK.
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