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Epicor Posts Third Highest Revenue Growth Percentage Out of All Software Companies Appearing on Business 2.0 Magazines Elite 2007 List
Epicor Software Corporation, a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, has announced its second consecutive appearance on the prestigious B2 100 list, an annual ranking by Business 2.0 magazine of the 100 fastest-growing technology companies.
Epicor marks its 2007 B2 100 showing with the third highest revenue growth percentage (3-year annualised) among all software companies making this years list, and at number 54 overall. Business 2.0, published by Time Inc., selects winners based on past three years of growth in revenue, profit and operating cash flow, in addition to 12-month stock return.
Were extremely pleased and honored to again be recognised as one of the fastest-growing technology companies by Business 2.0 magazine, said George Klaus, chairman and CEO of Epicor. We enjoyed a record breaking 2006, culminating in our first ever $100 million-plus revenue quarter, and were thrilled to start off our first quarter of 2007 with another $100 million-plus in sales. Our success is made possible by the commitment of our employees to deliver innovative technology, software, services and support, which directly meets the business needs at a low total cost of ownership of our focused target markets and customers around the world.
Epicor has received a number of notable honors during the first five months of 2007, most recently being named one of START-IT magazines 2007 Hottest Companies the companies named Hot in 2007 are technology providers targeting the manufacturing industry that have shown good financial results, important client wins, and significant events and accomplishments during the past year that help set a company apart from the competition. Other 2007 recognitions include CEO of the Year from the Technology Council of Southern California, START-ITs CEO Visionaries and Supply & Demand Chain Executives Pros to Know list.
During the 2007 search for the B2 100 published in the magazines June issue Business 2.0 screened more than 2,000 tech companies that have been publicly traded on a U.S. stock exchange for at least three years, have a market capitalisation of at least $50 million, and have had positive operating cash flow over the past 12 months. Zacks Investment Research of Chicago ranked the resulting list using four financial criteria: growth in revenue, profit, and operating cash flow during the past three years, and the 12-month stock return as of December 31, 2006. Cash flow growth counts for 40 percent of a company's ranking, while each of the other criteria counts for 20 percent. Additional research was provided by Factset.
About Business 2.0
Business 2.0 magazine, uncovers emerging business opportunities and explores the new ways smart companiesand the people who lead themare using strategy, technology, and innovation to succeed. The magazine is published by the Time Inc. Business & Finance Network, a division of Time Warner Inc., the world's largest media company.
About Epicor Software Corporation
Epicor, named one of FORTUNE magazines 100 Fastest-Growing Companies in 2006, is a global leader dedicated to providing integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and professional services automation (PSA) software solutions to midmarket companies and divisions of the Global 1000. Founded in 1984, Epicor serves over 20,000 customers in more than 140 countries, providing solutions in over 30 languages. Employing innovative service-oriented architecture (SOA) and Web services technology, Epicor delivers end-to-end, industry-specific solutions for manufacturing, distribution, retail, hospitality and services that enable companies to drive increased efficiency, improve performance and build competitive advantage. Epicor solutions provide the scalability and flexibility to meet today's business challenges, while empowering enterprises for even greater success tomorrow. Epicor offers a comprehensive range of services with its solutions, providing a single point of accountability to promote rapid return on investment and low total cost of ownership. Epicors worldwide headquarters are located in Irvine, California with offices and affiliates around the world.