Last Updated: 08/23/2011
NASHVILLE, TN - August 23, 2011 - Confirmation.com, the creator and world's leading provider of secure electronic audit confirmation services, announced that it has been named by Inc. magazine as one of the 500 fastest-growing private companies in America for the second year in a row. With a three-year revenue growth rate of 1,750 percent, Confirmation.com ranked #169 among the nation's fastest growing private companies. The list also showed that Confirmation.com ranked #1 in Tennessee, and #13 among Financial Services providers. Last year Confirmation.com ranked #96 overall on the list.
In its 30th year, the Inc. 500 list represents the most comprehensive look at the most important segment of the economy-America's independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
"Making the prestigious Inc. 500 list two years in a row is an incredible accomplishment for our company, especially since only a fraction of the companies on this year's list are multiple-year alumni," said Chris Schellhorn, CEO of Confirmation.com. "Our customers want an easier way to manage their audit confirmation requests, and our company is focused on continuing to provide accounting firms, financial institutions and companies the most secure and efficient way to manage these requests. It is an honor to be included on a list that has become the hallmark of entrepreneurial success."
Confirmation.com's online audit confirmation solution simplified the manual tasks associated with paper- and mail-based audit confirmations. Instead of managing paper, this patented solution helps auditors save valuable time, experience fewer errors and receive quicker confirmation responses. It also helps any business, financial institution or organization that responds to audit confirmation requests to control who receives and responds to these requests, and provide quicker responses. Confirmation.com recently launched a mobile app of its service that can be used from an Apple® iPhone®, iPad® and iPod touch®. In the office or on the road, this new app lets auditors to get real-time status updates, manage alerts, and search for specific client requests while on the go. Bank and company responders can also get status updates on new confirmation activity.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2010. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.