Chemstations Named to Inc. 5000 Fastest-Growing Private Companies List for the Second Consecutive Year
Worldwide process simulation software leader jumps 1,322 places ahead from prior year
HOUSTON, Texas, August 13, 2009 - Chemstations Inc., a worldwide leader in process simulation software supplying the process industries and associated fields with its CHEMCAD suite of integrated technologies, has been named by Inc. magazine as one of America's fastest-growing private companies for the second consecutive year.
From a 2008 ranking of 4,268, Chemstations moved up 1,322 places to 2,946 this year with three-year sales growth of 94.6 percent.
"Chemstations is honored to again be named to the Inc. 5000 list. We've continued to grow even in the current economy by offering exemplary support and product development to meet the unique simulation software needs of our process engineering customers," said Chemstations President and CEO Nathan Massey.
"Being ranked on the Inc. 5000 for the second year in a row is the direct result of our employees' hard work, dedication and innovation on behalf of our clients," added Chemstations Executive Vice President and COO Steve Brown.
The 2009 Inc. 5000 list measures revenue growth from 2005 through 2008. To qualify, companies have to be U.S.-based and privately held, independent - not subsidiaries or division of other companies - as of December 31, 2008, and have had at least $200,000 in revenue in 2005, and $2 million in 2008. Chemstations reported 2005 revenue of $3.1 million and 2008 revenue of $6.1 million. The 2009 Inc. 5000 reported this year's list of entrepreneurial-minded companies had combined revenue of $214 billion and three-year growth of 126 percent and together generated 1 million jobs since startup.
About Chemstations Inc.
Chemstations Inc. is a worldwide leader in process simulation software, supplying the process industries and associated fields. Chemstations offers the CHEMCAD suite - several individually licensed and tightly integrated technologies - to increase the productivity and profitability of the chemical engineer's tasks. CHEMCAD is actively used by more than 800 organizations around the world.