Monday, January 01, 1900: Accellos, a leading provider of supply chain execution software solutions, has been named as one of Forbes America's Top 100 Most Promising Companies. Accellos received recognition as number 88 on the Top 100 list published by Forbes. This is the first time that Accellos has been named on the prestigious list.
Accellos announced their acquisition of PROFITsystems, which provides SaaS, consulting and performance groups for small and medium-sized home goods retailers, in mid-November of last year.
Accellos qualified for list placement by excelling in the following areas:
• Founding history
• Industry profile
• Employee and revenue growth
• Operating margins
• Executive team experience
• Partner and customer relationships
• Competitor comparison
Forbes' third annual list of America's Most Promising Companies recognizes 100 privately-held, high-growth companies. Companies that made the cut boast compelling business models, strong management teams, as well as notable customers and investors.
Forbes strove for a holistic gauge of young, privately-held businesses, attempting to pin down their trajectories by taking a range of variables into account. Over the course of four months Forbes reviewed hundreds of applications. The final assessment is based on growth (both in sales and hiring), quality of management teams and investors, margins, market size and key partnerships. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.
"Being included in the Forbes America's Top 100 Most Promising Companies list is an honor," said Michael Cornell, CEO, Accellos. "It provides great visibility for our company and is indicative of the positive momentum being felt throughout the company."