Power On Software — makers of Now Up-to-Date & Contact, Rewind, Now Planner, On Guard, DiskLock, Action Utilities and more — has been named one of America’s entrepreneurial growth leaders by Inc magazine , which today released its ranking of the Inc 500, the nation’s fastest-growing private companies.
“Power On Software has attained a unique place in the annals of Macintosh software developers, Bob Leeds, the company’s vice president of Business Development & Communications, told MacCentral. “This is great news not only for Power On, but for Apple Computer as well, as it validates the growth opportunities in the Macintosh market.”
Power On Software, founded in 1993, achieved 621 percent growth in the past five years, Leeds said. Started in 1982, the Inc 500 ranks the nation’s leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland and Domino’s Pizza. This year’s Inc 500 set records in terms of both collective sales and growth rates, racking up a collective total of US$12.5 billion in sales.
“It is exciting and gratifying to be included in Inc magazine’s extremely prestigious ranking,” said John Wallace, President and CEO of Power On. “It shows the spectacular results that may be achieved with an exceptional team and great products.”
To be eligible for this year’s Inc 500, companies had to be independent and privately held through 2000, have at least $200,000 in sales in the base year of 1996 and their 2000 sales had to have exceeded 1999 sales.
“The Inc 500 gives America a window on the future — which companies will be the Microsofts and Timberlands of tomorrow,” said George Gendron, Inc editor-in-chief, in announcing the new rankings. “The economy may have slowed, but entrepreneurial enterprises have always been, and will continue to be, the nation’s foremost engine of growth and job creation.”