Press releases
Doba Ranked #324 On The 2008 Inc. 500 List Of America's Fastest-Growing Private Companies
Company also ranked #16 on Inc.'s list of the Top 100 Software Companies
28 August 2008
OREM, Utah - Doba (www.doba.com), the award-winning software company that builds and maintains Web-based inventory-on-demand solutions for e- commerce retailers and manufacturers and wholesale suppliers, today announced that it has been recognized by Inc. magazine as the 324th fastest-growing private company in the United States. The 2008 Inc. 500, as revealed in the September issue of Inc. magazine, shows Doba experienced an astonishing 884.9% rate of growth (sales) over the last three years.
This year marks the second year in a row Doba is ranked on the Inc. 500. In 2007, the Orem, Utah-based company debuted at #23 on the prestigious list, which was almost immediately followed by an impressive rank of #1 on the MountainWest Capital Network's list of the fastest-growing companies in Utah.
"Doba is honored to again be ranked by Inc. magazine," said Doba co-founder and Chairman Jeremy Hanks. "Our continued rapid growth is just one indication of the important role Doba plays in supply chain management for small and medium-size online retailers. While we feel our best years are still to come, this year's recognition solidifies our standing as the best at what we do."
The Inc 500 list is the most comprehensive look at the most important segment of the U.S. economy - America's independent-minded entrepreneurs. Companies such as Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, Oracle and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growing companies in the nation - the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without."
Selection Methodology
The 2008 Inc. 500 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
About Doba
Doba's Web-based Inventory on Demand Platform automates the e-commerce supply chain through virtual inventory management and direct merchandise fulfillment. Recently ranked as one of the nation's fastest-growing and most innovative companies - by indices like the Inc. 500, Deloitte Technology Fast 500 (#6), and the MountainWest Capital Network (#1) - Doba connects retail merchants to the virtual inventories of millions of products from hundreds of wholesale suppliers. For more information, visit www.doba.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
Press Contact
If you would like more information about Doba's inclusion on the 2008 Inc. 500 list, or to schedule an interview with Doba Chairman Jeremy Hanks, please contact:
Meagen Ridley
Doba
(801) 765-6105
mridley@doba.com