Iasta titled the 10th Fastest Growing Private Company in IN for 2010
Third time honored on Indianapolis Business Journal
Indianapolis, IN, July 2, 2010Iasta, the leading provider of eSourcing software and solutions, was titled as the 10th Fastest Growing Private Company in Indiana for 2010 by the Indianapolis Business Journal (IBJ). A third time honoree, Iasta boosted its three-year growth rate at 134 percent.
The report profiled Iasta’s founding’s, current offerings and future outlook.
Ten years ago, four technology professionals discovered a niche with potential: providing software for companies to bid and negotiate with vendors. Ever since, it’s been profit and growth for Iasta.com; revenue of $8.5 million in 2009...
The IBJ ranks companies by their revenue growth over the last three consecutive years, which must exceed $1 million annually. In 2009, Iasta ranked 17th and in 2008 they ranked 14th. The award is based on revenue growth of the last three consecutive years. Iasta has thrived in a market where many others have been forced to make budget cuts and layoffs. “We’ve established a lot of credibility and there’s a lot of growth yet to be had,” said Bush.
Iasta experienced very rapid growth in its younger years at 80 to 90 percent a year. These days, the company still grows at 30 to 40 percent annually. Bush attributes the success of Iasta to flexibility and high quality in both software and services.
The company believes it has potential to grow to $25 million in annual revenue; for now, it’s a question of how fast that can be accomplished, and by what means.
To view the entire article, “Some Indiana Entrepreneurs Hit the Gas Pedal in Touch Times,” visit IBJ online at http://www.ibj.com/article?articleId=20579.
About Iasta
Iasta® is a leader of Enterprise Spend Management through SRM Best Practices. Founded in 2000, Iasta helps organizations solve traditional problems by providing advanced tools for strategic decisions on how to save and spend resources. Iasta's SmartSource SRM® is the cornerstone to effective supplier relationship management by enabling companies to analyze, source and optimize business decisions. Our approach to procurement, Cloud Sourcing™, ensures ongoing success by uniting people, processes, and technology into a scalable, turn-key solution that addresses purchasing needs and complex spend. The Iasta Consulting Group combines deep sourcing experience with technical knowledge, helping companies maximize every dollar spent.
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
