Iasta honored as one of the 2009 Indiana Companies to Watch
Indianapolis, IN, July 20, 2009Iasta has been recognized as one of the 2009 Indiana Companies to Watch, awarded by the Indiana Economic Development Corporation, its Small Business Development Center network, Purdue University and the Edward Lowe Foundation.
Iasta was selected from a state-wide review of hundreds of growth companies for this year’s award. Awardees must demonstrate consistent, high-growth over a 3-year period. Iasta continues to delivery high growth rates year after year, with the most recent rate of 129%.
Companies honored range from traditional businesses involved in manufacturing, financial services and retail trade to high-tech companies working in the life sciences, information technology, telecommunications, and aerospace industries. "Being honored as an Indiana Company to Watch validates the positive feedback we’ve received from our customers throughout the years. We are proud of our Indiana heritage, and our strong talent base we have here helps us continue to expand globally," says David Bush, CEO of Iasta.
Outstanding customer service and continuous innovation is the recipe to success at Iasta. "We are constantly taking our products and services to the next level. Our newest release, SmartSource 8.0, will be available this quarter. It enhances current functionality and helps our customers achieve higher performance levels in sourcing and procurement – an area with heightened attention in today’s economic climate," says Bush.
About Iasta
Iasta® is a proven leader of Enterprise Spend Management through SRM Best Practices. Founded in 2000, Iasta helps organizations solve traditional business problems in new ways by providing its customers with cutting-edge tools for making strategic decisions on how to save and spend their valuable resources. Iasta's flagship product, SmartSource SRM®, is the cornerstone to any effective supplier relationship management strategy as it enables companies to analyze, source and optimize business decisions. Our approach to procurement, Cloud Sourcing™, ensures ongoing success by bringing together people, proven processes, and technology into a scalable, turn-key solution that addresses not only traditional purchasing needs, but any kind of complex spend anywhere in the enterprise. The Iasta Consulting Group combines deep sourcing experience with technical knowledge and high levels of customer service to help companies maximize every dollar they spend on goods and services. For more information, please visit www.iasta.com or call +1.317.594.8600.
About Indiana Companies to Watch
Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage or other notable strengths.
This year more than 500 Indiana companies, representing 59 Indiana counties, were nominated for the Companies to Watch program. The number of applicants was narrowed to 214 businesses, from 50 counties. From that pool, 106 finalists were selected, and 50 companies from 17 counties emerged to become the 2009 Indiana Companies to Watch.
This awards program is unique because of its focus on second-stage companies. The impact of these companies on Indiana’s economy is immense. During 2005-2007 Indiana’s resident companies averaged more than 32,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed more than 760,000 workers.
Looking at the contributions of these companies from a broader perspective, from 1993 to 2007 only 15 percent of Indiana’s resident establishments were in the second-stage category, however, they generated nearly 41 percent of net new jobs.
Indiana Companies to Watch is a collaboration among the Indiana Economic Development Corp., through its Small Business Development Center Network, Purdue University and the Edward Lowe Foundation.
This program would not be possible without the generous support of the following: New Paradigm Sponsor: Barnes & Thornburg LLP. Visionary Sponsors: Katz, Sapper & Miller; KeyBank; Ivy Tech Community College; and Premier Capital Corporation.
About the program presenters:
The state of Indiana's lead economic development agency, the Indiana Economic Development Corporation oversees Indiana’s statewide business attraction and development efforts, coordinates state programs, and incentives for companies looking to grow in Indiana, and provides assistance and funding to Indiana entrepreneurs and high-tech start-ups.
The Indiana Small Business Development Center Network offers free and low-cost information, management counseling and educational services to support the state's small-business owners and potential entrepreneurs, boosting economic development and creating jobs within the state.
The Purdue team supporting the program includes representatives from the Purdue Center for Regional Development, Purdue's Discovery Park including the Burton Morgan Center for Entrepreneurship, the College of Agriculture, Krannert School of Management, Purdue Alumni Association, Purdue Cooperative Extension Service and Purdue Research Park.
The Edward Lowe Foundation, based in Cassopolis, Mich., created the Companies to Watch program to paint a realistic picture of a statewide or regional economy. The foundation also presents Companies to Watch in Arizona, Colorado, Michigan and Mississippi.
Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.
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Iasta continuously attends, exhibits and hosts Spend Management related conferences throughout the year to expand our network with other sourcing professionals and stay current with the latest industry knowledge and best practices.
Iasta Conference Schedule for 2010
- February 24-25 (Birmingham, UK): eWorld Purchasing & Supply
- April 25-28 (San Diego, CA): ISM International Supply Management
- June 30-July 1 (Chicago, IL): reSource '10
- August 18 (Procurement Leaders): Iasta Sponsored Executive Webinar
- September 21-22 (London, England): Euro reSource '10
- September 28-29 (London, England): eWorld Purchasing & Supply
- September 29 (Boston, MA): Procurement Leaders
- October 4-5 (Philadelphia, PA): reSource '10
- October 14 (Amsterdam): Procurement Leaders
- October 19-20 (San Francisco, CA): reSource '10
- November 15 (Boston, MA): Executive reSource '10
- November 16-17 (Boston, MA): Aberdeen Group's CPO Summit
