NEW YORK, August 20, 2008 – Inc. Magazine has ranked PayChoice No. 1,156 on its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies are the backbone of the U.S. economy. The list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based, privately held and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
PayChoice’s CEO Robert Digby remarked, “We are honored to again be named to the prestigious Inc. 5000 list. Our remarkable revenue growth from 2003-2007 can be attributed to PayChoice being the “go to” payroll solution provider and the exceptional value we deliver to our clients. We offer a broad suite of services that help small business owners manage employees ‘from hiring to retiring,’ enabling them to focus more on running and growing their business. Our service delivery is second to none and our pricing very competitive, enabling our clients to receive the best value in the market. And having three modes of delivery – self-service, full-service outsourcing and licensing – means we have an offering to meet the need of any business owner.”
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since they were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region may be found at www.inc5000.com.
About PayChoice
PayChoice is the nation’s largest privately-held payroll company and provides payroll and employee management services for small- and medium-sized businesses (SMB)s. In addition to its core payroll and tax administration offerings, PayChoice’s suite of services also includes HR compliance and counseling services, workers compensation insurance, 401(k) solutions and Section 125 solutions, time and attendance and background checks. PayChoice delivers its services to over 150,000 SMBs and nearly 2 million employees both directly and through approximately 260 payroll service bureau licensee.
About Inc.com
Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com's audience of business leaders. Visit http://www.inc.com. About Inc. 500|Inc. 5000 ConferenceEach year, Inc. magazine and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars — the privately held small businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings together members of the Inc. 5000 community—both a new class of Inc. 5000 honorees and the list’s alumni—for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit www.Inc500Conference.com or call us at 877-211-0489.
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